L3s are not what they seem. They’re not like any other type of chain or layer.

iykyk

10 years in crypto. co-founder of @syndicate

I agree.

How would you describe them?

To me they are almost like an internal balance.

Play money. Something that doesn’t feel real but is all 100% onchain.

Onchain is the new online - FID 206 -  cooprecords.xyz

100% or near 100% onchain experiences is definitely a uniquely possible thing with L3s

But there are other things—some technical—but the most interesting ones imo are not technical

Will be writing more about this in the coming weeks. Still new but getting clear

Why is it internal balance? Are transactions free? 

What's the best read to understand it better?