3min chapter

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Proof of Physical Work: The Next Crypto Bull Run | EP 11

Good Game

CHAPTER

The Future of Gaming and Social Networks

Emre: There has never been a single case in history where you copy an existing big successful product and achieve mainstream adoption with 6 billion people. The first crypto network that will bring this space to the mainstream needs to be something so fundamentally different, he says. Emre: Lens protocol is going completely decentralized,. So instead of building client-first model, they're building a model where they allow any developer to build on all the infrastructure for users.

00:00
Speaker 1
And I want to really quickly touch on the second,
Speaker 2
just going back to the original thesis that, of playing the devil's advocate on why gaming and social are not going to be the next wave. It may not be the next wave. So let's touch on the social aspect, the social networks aspect. Emre, when was the last time you came across a crypto social network and you were like, this is really interesting. Instead of like, man, this is just another Twitter clone.
Speaker 1
None so far. None so far. None so far.
Speaker 2
Because they all look like Twitter and existing web to social networks.
Speaker 3
Yeah.
Speaker 2
So my issue with that is, like, if you clone Twitter or whatever, I think it's possible to get a decent amount of success. You may be able to really appeal to a small group of users. But there has never been a single case in history where you copy an existing big successful product and achieve mainstream adoption with 6 billion people. Okay. Like a world-changing product has to be something that's fundamentally different, that enables fundamentally new behaviors. The next Google will look nothing like Google. The next Facebook will look nothing like Facebook. Right? So almost by definition, the first crypto network that will bring this space to the mainstream needs to be something so fundamentally different, so ridiculous, potentially even laughable to a lot of people. It may seem like a total toy. It may seem like a total, like, a game or whatever. But it needs to be fundamentally different from existing very successful products. And then, two, the social networks suffer the same problems that the game suffer, which is scalability of blockchains. In fact, probably orders magnitude worse because imagine the amount of messages that we send to each other that we post on Twitter across a billion people. That's even more TPS required for blockchains. Well,
Speaker 1
let's play Devos advocate on this one, too. Sure. Lens protocol. It's fundamentally different, right? There are some that are, you know, client-first that offer an experience that's similar to but on the back end, they're central building a protocol. And that protocol could be designed in a way where others can build other types of clients that can create different types of experiences for their users. But the key infrastructure here is like the DID, right? The decentralized identity infrastructure that is providing outside developers to capture this identity data and then build products around it. You have forecaster and then you have lens. Lens, interestingly, is going completely decentralized, right? So instead of building client-first model, they're building a model where they allow any developer to build on all the infrastructure is built out for its users. So users can use any of these clients, sign up, and then they're creating like a user profile and that user profile could be in an NFT form and it could be modular, composable, et cetera. A couple of days ago, I looked at the user count for how many profiles have been created. They hit like 112,000, not bad. And if you look at the growth, it's like growing pretty fast. So the question is, what's driving that growth? And is that going to be the gateway for the third wave that you talked about or is it going to be? Yeah.

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