CryptoSapiens Onchain Alpha | Blockchain data for the new economy with Covalent | Crypto Sapiens
In this episode our host Humpty Calderon speaks with Erik Ashdown of Covalent
Covalent website: www.covalenthq.com
Covalent (Twitter) X: @Covalent_HQ
Erik Ashdown(Twitter) X: @eash0x
Crypto Sapiens website: www.cryptosapiens.xyz
Crypto Sapiens (Twitter) X: @cryptosapiens_
This conversation covers topics such as the background of Covalent, the future of data availability, the importance of accessibility in blockchain, the evolution of wallets, the future of applications on blockchain, DeFi as the end state, Covalent's role in the future, onboarding more chains to Covalent, the Ethereum Way Back Machine, and the value of historical data. The conversation explores the challenges of data integration and making sense of disconnected data in the blockchain space. It highlights the importance of storing and organizing data for long-term availability, especially for purposes like tax reporting. Covalent is working on addressing this issue by providing a solution that incentivizes data storage and makes it easy to extract data from multiple chains. The conversation also includes a call to action for developers to start using Covalent's data and provides information on grants and resources available. Additionally, the collaboration between Covalent and Mosaic in curating on-chain media and musical experiments is discussed.
Takeaways
- Covalent aims to provide long-term data availability and accessibility in the blockchain space.
- The future of applications on blockchain will involve social elements and the integration of AI.
- DeFi is seen as the end state of blockchain, but there is still a long way to go in terms of infrastructure and usability.
- Covalent's goal is to onboard more chains and provide accessible data to developers and applications.
- The Ethereum WayBack Machine refers to Covalent's ability to provide historical data on the Ethereum blockchain.
- Historical data has value for various purposes
Timestamps:
00:47 - Introductions and Background on Covalent
01:21 - Erik's Journey in Crypto
06:27 - The Future of Data Availability
11:51 - The Importance of Accessibility in Blockchain
13:07 - The Evolution of Wallets
15:50 - The Future of Applications on Blockchain
20:29 - DeFi as the End State
24:49 - Covalent's Role in the Future
28:38 - Onboarding More Chains to Covalent
33:24 - The Ethereum Way Back Machine
35:08 - The Value of Historical Data
36:07 - Data Integration and Making Sense of Disconnected Data
38:34 - Long-Term Data Availability
47:42 - Getting Started with Covalent's Data
44:08 - Call to Action for Developers
48:41 - Covalent and Mosaic Collaboration
50:15 - On-Chain Media and Musical Experiments