Overview
Subsquid Labs organized an X space discussion on May 7th featuring industry experts discussing Web3 data infrastructure, tools, and privacy considerations.
Key Participants
- Jasper (Seda Protocol CTO & Co-Founder)
- Ahmad Mardeni (WeaveDB CEO)
- Sanket Jain (Gateway Founder)
- Dima Zhelezov (Subsquid CEO)
Company Descriptions
The speakers represented distinct approaches to data management:
- Seda Protocol: Provides off-chain data access for onchain consumers
- Gateway: Enables users to control their own data and determine who accesses it
- WeaveDB: Converts databases into permanent, immutable smart contracts
- Subsquid: Scales access to onchain data
Data as Valuable Asset
Panelists emphasized data’s significance in the digital economy. Attention is actually the most valuable; data is just the best proxy we have. The discussion centered on how Web3 could create equitable models where individuals benefit from their data rather than corporations exploiting it.
Onchain Data Importance
Blockchains function as decentralized databases containing all transactions and smart contract events. Corrupted data feeds can trigger user liquidations, making reliable data critical for developers and users alike.
Privacy vs. Public Verification
While blockchain data remains publicly accessible, the speakers advocated for public verifiability — enabling proof of actions without exposing sensitive details. This approach balances transparency with privacy protection, supporting mass adoption.
AI and Data Integration
The discussion touched on autonomous agents executing transactions and the potential for transparent AI model training using accessible blockchain data at scale.
Modularity in Development
Both Subsquid and WeaveDB employ modularized architectures optimizing data operations, reflecting the industry’s current unbundling phase.