Patchwork, a startup founded by former Coinbase employees, has launched a new version of its low-to-no-code platform for building blockchain applications. The platform aims to make blockchain development more accessible by allowing users to create smart contracts and applications using natural language inputs. Patchwork's technology enables dynamic on-chain applications and allows users to attach programmable data to on-chain assets, such as gaming items or smart contracts.
Patchwork, created by a group of former Coinbase developers, is backed by Coinbase Ventures and lives on the Base layer-2 network. Examples of what the tech can do include transferring on-chain ownership of valuable gaming items, denoting that a particular smart contract has been audited and attaching a reputation score to indicate whether something has ever been hacked.
Patchwork, a startup focused on simplifying blockchain and smart-contract development founded by former Coinbase employees, has released the next version of its low-to-no-code tools for buildingFollowing the trend toward easily generated content, the complex world of blockchains and smart-contract design is on a path to no-code applications, or “text-to-app” experience. Create-Patchwork is the first of several features the team plans to roll out in early 2025 and a foundational step to enable creators to generate contracts and applications in seconds using natural language inputs. “Patchwork is an Ethereum protocol that makes it really easy to build dynamic on-chain applications,” co-founder Kevin Day said in an interview. “It lets on-chain things own other on-chain things, and it allows anyone to attach programmable data to on-chain things.” User-friendly examples of Patchwork’s data modelling include things like attaching on-chain ownership to valuable gaming items such as weapons, or attaching a marker that a particular smart contract has been audited, or perhaps a reputation score to indicate whether something has ever been hacked, Day said. Prior to creating Patchwork, Day was part of the team that built Paradex, a decentralized exchange crossed with a central limit order book familiar to traditional traders, which was acquired by Coinbase in early 2018. Day and company ended up working on the Coinbase core exchange, but decided to leave after about four years. “We always had the itch to get back into the real Web3 development space, so we decided to get the band back together,” he said.Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
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