Hot Topics: FarCon, App Layer Value Accrual, & The High FDV Dilemma | EP 49
May 8, 2024
auto_awesome
Imran and Qiao discuss hot topics in the crypto space including FarCon, app layer value accrual, the high FDV dilemma, Farcon event dynamics, Lens vs. Forecaster growth trajectories, FARCAS protocol for financial apps, tipping tokens in decentralized networks, GPU challenges affecting token value, edge AI monetization, and app value accrual evolution in the crypto space.
Focus on utility tokens in social apps like PUMP for mainstream adoption.
Front Tech's unique tokenomic structure challenges traditional paradigms and brings value.
Shift towards consumer-centric tokens and app success stories as drivers of market evolution.
Deep dives
The Shift Towards Social Apps and Mainstream Use Cases
The podcast emphasizes the industry's movement towards finding mainstream use cases, particularly in social applications like PUMP and the potential for social factors to become mainstream.
Discussion on Innovations and Experiments in Crypto
Innovative experiments like Front Tech's egalitarian airdrop model and the focus on utility tokens are highlighted. The discussion delves into the potential impact of such experiments on traditional token paradigms and the value they bring to the ecosystem.
Front Tech's Unique Tokenomics and Impact on Market Dynamics
Front Tech's tokenomic structure, with a significant airdrop percentage and utility-driven approach, is explored. The implications of decentralization, unique revenue streams, and the value proposition of the front token within a closed ecosystem are discussed.
The Future Landscape of Crypto Apps and Infrastructure
The conversation navigates towards a future where crypto apps potentially overshadow infrastructure projects, emphasizing the importance of end-user ownership and value creation towards apps. The evolution from app to infrastructure and the ongoing trend of apps turning into chains is highlighted.
Challenges and Opportunities in Crypto Investment
The podcast touches on the challenges of choosing viable crypto investments amidst a landscape favoring memes and infrastructure projects. The need for tangible app success stories and the potential shift towards consumer-centric tokens are identified as key factors that could drive market evolution.
Imran and Qiao discuss hot topics such as the FarCon event, app layer value accrual, the high FDV dilemma, and more. No BS crypto insights for founders.
Timestamps
(00:00) Intro (00:42) Welcome to Good Game (01:37) The Friendtech Drop (03:21) Friendtech's Another Wedge (06:03) The Biggest Problem Friendtech Needs To Solve (12:39) New Behaviors Taking Place Within Friendtech (13:40) "It's Like V1 All Over Again" (17:17) Problems Racer Got Into (18:32) FarCon (19:26) A Tweet By @0xDesigner (23:40) Lens vs. Farcaster Daily Active Users (25:40) Bountycaster (28:21) Farcaster is Actually Competing with Telegram and TON? (29:47) FarCon Announcements (31:28) "Tipping was a Really Good Way to Distribute the DEGEN Token" (34:36) The Talks About The Base Token at FarCon (36:30) io.net Lost 75% of its GPUs (40:48) Stanley Druckenmiller Selling Nvidia Stocks But Buying Nvidia Calls (41:29) "GPUs Were No Longer The Bottleneck" - Mark Zuckerberg (42:42) Edge AI (48:46) "There Will Be Only 5 to 6 Chains That Will Rule Crypto" (53:42) Infra is Overfunded? (54:39) Google Paying Apple $20B (56:09) Apps Turning Into Infra (58:45) "What Can You Build Today That Will Get You 50,000 Users?" (59:21) Final Thoughts
Spotify: https://spoti.fi/3N675w3 Apple Podcast: https://apple.co/3snLsxU Website: https://goodgamepod.xyz Twitter: https://twitter.com/goodgamepodxyz
Web3 Founders: Apply to Alliance: https://alliance.xyz Alliance Twitter: https://twitter.com/alliancedao
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.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode