# Fireside chat with Peter Watts, Reservoir, and Kartik Talwar, ETHGlobal I  Pragma Sydney 2024

- Speakers: [Kartik Talwar](https://streameth.org/speakers/kartik-talwar)
- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2024-10-09
- Duration: 13:02
- Topics: Reservoir, NFT infrastructure, Peter, OpenSea, multi-chain, liquidity aggregation, developer platform, cross-chain transactions, Relay, wallet integration, MetaMask, Coinbase Wallet, Rainbow Wallet, marketplace API, fragmentation, rollups, abstraction layer, NFT indexing, Web3 infrastructure, Pragma Sydney, NFT liquidity, decentralized marketplaces, blockchain interoperability
- Watch: https://streameth.org/watch/yt-Ro6eGKpfwKk
- YouTube: https://www.youtube.com/watch?v=Ro6eGKpfwKk

## Description

Peter from Reservoir discusses the evolution of NFT infrastructure at Pragma Sydney 2024, tracing the journey from OpenSea's early dominance to today's multi-chain landscape. Learn how Reservoir's developer platform abstracts complexity for wallets and marketplaces, enabling seamless NFT transactions across chains.

The talk covers Reservoir's role in powering major wallets like MetaMask, the challenges of liquidity fragmentation, and their new product Relay for cross-chain transactions. Essential viewing for anyone building in Web3 to understand NFT infrastructure's past, present and future.

00:00 - Introduction: Peter & Reservoir's Role in NFTs
00:47 - Early NFT Ecosystem: OpenSea's Dominance
01:55 - From Social Tokens to NFT Infrastructure
02:34 - Challenges of Centralized Liquidity
03:08 - Building the Developer Platform Vision
03:52 - NFT Primitives and Liquidity Challenges
04:35 - Abstracting Multi-Chain Complexity
05:50 - Unified API for Wallets & Marketplaces
06:44 - Scale: Powering Major Wallets & Marketplaces
07:15 - Marketplace-as-a-Service Adoption
07:53 - Introducing Relay for Cross-Chain
08:27 - How Relay Emerged from NFT Data Roots
09:14 - Rollups, Chains & Fragmentation
10:20 - Fragmentation vs Aggregation Dynamics
11:01 - Building Blocks of NFT Infrastructure
11:31 - Relay: Solving Multi-Chain Payments

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _  

🇦🇺 *Pragma Sydney*
The Sydney edition of Pragma took place at The View by Sydney in May 2024 with a curated series of high-quality talks that sparked thought and discussion. Ever since we first introduced our new event series, Pragma, in Tokyo in the spring of 2023, we have been fostering a curated, global community of individuals who deeply care about web3. Watch the full Pragma Sydney playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh7rvaHBM14peT1TwI3QX38p&si=MzGrEYwYjxSQFiFM

ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. 

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _  

✅ *Follow ETHGlobal*
X: https://x.com/ETHGlobal​
Warpcast: https://warpcast.com/ethglobal
Website: https://ethglobal.com
YouTube: https://www.youtube.com/c/ETHGlobal 

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _  

_Are you interested in Ethereum development and entrepreneurship?_
👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events
🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus
📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _