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Bell Curve
Finding Consumer Gems in Crypto | Qiao & Imran
Sep 3, 2024
Qiao and Imran from AllianceDAO dive into the shifting landscape of crypto, discussing the Fat App Thesis and infrastructure exhaustion. They explore the competitive dynamics between Ethereum layer two solutions and Solana, plus the innovative use of platforms like TikTok in driving crypto engagement. The duo also examines cultural differences in crypto communities and the challenges faced by app versus infrastructure founders, emphasizing the need for resilience in this evolving digital economy.
01:13:51
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Quick takeaways
- The podcast highlights the growing trend of virtual gifts as a user-friendly tipping solution for creators, targeting transaction cost issues in traditional payment systems.
- A discussion emphasizes the debate between investing in foundational crypto infrastructure versus developing consumer-facing applications that require deep understanding of user behavior.
Deep dives
The Shift to Virtual Gifts in Tipping
The practice of tipping creators through virtual gifts is becoming increasingly popular, as traditional micro-tipping via credit cards presents significant challenges due to high transaction costs. This method of tipping acts as a 'layer two' solution, facilitating smaller transactions in a user-friendly manner. The shift towards virtual gifts reflects a broader trend in consumer behavior, where users prefer engaging with and rewarding creators in ways that align with their digital experiences. By leveraging these virtual gifts, platforms can enhance user interaction while circumventing the limitations of conventional payment processing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode