Lightspeed Building Solana's Next Breakout App | Ilja Moisejevs & Richard Wu
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Feb 7, 2025 Ilja Moisejevs and Richard Wu, co-founders of Tensor and Vector, discuss their innovative pivot from NFTs to Vector, a social meme coin trading app. They explore the rise of social trading, blending aspects of platforms like Twitter and Robinhood. The duo delves into the unique challenges of trading volatile micro-cap assets and the importance of user retention through community engagement. They also emphasize the integration of Tensor's token within Vector, focusing on decentralization and the evolving dynamics of tokenomics in the crypto landscape.
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Vector's Thesis
- Vector's thesis mirrors that of compressed NFTs: handling the explosion of on-chain assets efficiently.
- The focus shifted from NFTs to meme coins due to market dynamics, but the core idea remains.
Social Trading Insight
- Meme coins thrive on attention, making social signals crucial for trading decisions.
- Vector combines aspects of Reddit, TikTok, and trading platforms, capitalizing on this social element.
Vector's Revenue Model
- Vector's revenue correlates with meme coin trading volume, experiencing peaks during events like Trump's coin launch.
- It has already significantly surpassed Tensor's NFT marketplace revenue.