Crypto market transitioning to tokenization of various mediums through liquidity protocols like ZRX.
Decrease in Ethereum transaction fees via Layer 2 solutions impacting use cases and global accessibility.
Influencer-driven projects like Fantasy emphasizing unique incentives for user engagement in the crypto space.
Deep dives
Tokenization and Music Crowdfunding
Crete offers a platform where artists can launch songs on-chain with tokens for crowdfunding, allowing fans to show support financially, unlike current streaming platforms where economics are controlled by gatekeepers.
AMM Protocols and Tokenization Predictions
Forecasts indicate that every medium could be tokenized with liquidity protocols like ZRX aiming to bridge liquidity from Ethereum to other platforms. Emerging narratives such as Monad and Verasity are expected to revolutionize tokenization across various verticals.
Impact of Lower Transaction Fees
The transition from high transaction fees on Ethereum to significantly lower fees on Layer 2 solutions like base and Solana enables new use cases, especially benefiting users in developing countries and facilitating algorithmic trading and AI interactions on-chain.
Importance of Moore's Law in Technological Advancement
Moore's Law, which highlights an order of magnitude improvement in semiconductor speed every decade, has been a significant driver of progress over the years. From the initial military use of chips during the second World War to the development of personal computers, smartphones, and AI, the consistent enhancement in semiconductor performance has enabled new technological applications and use cases, shaping the evolution of various industries.
Strategies and Challenges in Decentralized Protocols and Airdrops
The discussion delves into the evolving dynamics of decentralized protocols and airdrops, emphasizing the importance of clear communication and fair treatment of users. Managing expectations, legal complexities, and the balance between community engagement and regulatory requirements pose challenges for protocols like Eigenlayer. Additionally, the emergence of influencer-driven projects like Fantasy highlights the significance of incentives and unique approaches to capture users' attention in the competitive crypto landscape.
Imran and Qiao sat down for this April Roundup to talk about the current state of the crypto market, EigenLayer, SocialFi Summer, Outflows, and more. No BS crypto insights for founders.
Timestamps
(00:00) Intro (00:08) Live Fantasy Pack Opening (02:41) Introducing MVP (Minimum Viable Product) (04:44) Welcome to Good Game (04:47) Is it Over? (06:12) Why it's Over (07:21) How Do We Think The Market Is Going to Playout (10:01) BlackRock's On-Chain Fund Hits $375M (13:40) "People Don't Care About The Non-Speculative Stuff" (15:05) Qiao's Analogy Between Bitcoin ETF and RWAs (17:13) "Everyone on Twitter is Saying We're Halfway Through The Market" (18:58) Crypto Assets Qiao is Most Excited About (21:59) The Future of Memecoins (22:16) The Number of Memecoins Created on Pump (23:51) The Whistleblower (28:11) Crypto Music (32:52) Crypto Startup Stories: Crate (35:36) We Should Change The "Memecoin" Terminology (38:47) "Everything is Going to Be Tokenized" (40:05) Solana Congestion Has Gone Away (40:46) Firedance Coming Out Soon (41:17) Monad, Berachain, and TON (43:23) MegaETH (46:44) What is The Right Fee Structure? (48:17) Qiao Shares an Important Lesson From a Book (Chip War) (51:54) TON (54:41) "Stickers are The New Whitepapers" (56:39) The Polymarket "Retardio" Incident (59:08) Web2 Sports Betting Websites are Losing Market Share to Memecoins (01:01:13) Kyle Samani's Tweet About Memecoins (01:03:00) EigenLayer FUD (01:12:46) Fantasy Launched on Mainnet (01:15:38) Qiao's Current Mental Model for Selecting Founders (01:16:48) Live Fantasy Pack Opening
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DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.
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