Francisco Agosti, Co-founder of Tanssi and CEO of Moondance Labs, discusses challenges faced by developers in building blockchain applications and the $6 million investment raised for Tanssi. Topics include the benefits of appchains, fundraising in a bear market, leveraging Polkadot's security, and the potential for hybrid models combining appchains with existing ecosystems.
Appchains offer solutions for building blockchain applications, catering to specific use cases with customization options and lower costs.
Funding challenges during bear markets emphasize the need for due diligence by investors, while appchains provide enhanced security and utility for developers.
Deep dives
Transitioning from Bear to Bull Market and Challenges for Developers
The podcast discusses the transition from a bear market to a potential bull cycle in the cryptocurrency space, indicating positive market movements. It highlights the challenges faced by developers in building blockchain applications, focusing on issues like smart contract development, scalability, fees, and interoperability. The conversation delves into the emergence of appchains as specialized blockchains geared toward addressing specific use cases, offering customization options, higher speeds, and lower transaction costs.
Raising Funds, Developer Challenges, and Importance of Security
The episode explores the funding challenges during bear markets, detailing the difficulties faced by companies like MoonDance Labs in raising capital. It emphasizes the importance of due diligence by investors, especially in challenging market conditions. The discussion shifts to the challenges developers encounter in building layer one blockchains, particularly focusing on security issues and the complexities of maintaining and managing infrastructure. Additionally, it delves into the security solutions provided by leveraging Polkadot's relay chain and the benefits of enhanced security at a lower cost.
Benefits of Appchains for Developers and Users, Future Trends
The conversation elucidates the advantages of appchains over rollups, emphasizing benefits such as improved finality, enhanced decentralization, and dedicated block space for efficient application deployment. It also touches on how appchains enhance user experiences by enabling more utility for native tokens, sovereignty for developers, and predictability in a dedicated block space. The episode envisions a cloud-like future for blockchain applications, where developers can tap into sovereign block space on demand, paving the way for more efficient and adaptable blockchain infrastructure across various ecosystems.
Tanssi co-founder and Moondance Labs CEO Francisco Agosti discusses the latest funding they raised and how appchains provide a solution for building blockchain applications.
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Francisco Agosti, co-founder of Tanssi and CEO of Moondance Labs, joins "First Mover" to discuss the challenges developers face when building blockchain applications. He says appchains provide a solution. Plus, insights on the $6 million investment Moondance Labs raised for Tanssi.
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.