Avalanche Set For Explosive Growth! | John Wu INTERVIEW
Nov 22, 2023
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John Wu, an expert in Avalanche's transaction count and smart contracts, discusses the explosive growth potential of Avalanche. Topics covered include the increasing transaction count on Avalanche's C-Chain, tokenized assets, dividend yields, tokenized ETFs, Visa payments test, loyalty rewards exploding, NFT sales exploding, meta interoperability, XCAD moving to Avalanche, Apple reckoning, tech roadmap, and big partnerships coming.
Tokenization of real-world assets is gaining traction in traditional finance, leading to cost savings and optimization of existing problems.
Avalanche's interoperability enables the tokenization of alternative private assets, reducing fees, increasing allocation percentages, and addressing liquidity challenges.
Deep dives
Tokenized assets and the shift in perspective
The podcast episode delves into the concept of tokenizing real-world assets and how the perspective on tokenized assets is shifting. The guest highlights that while tokenized real-world assets may not be immediately interesting to investors due to additional costs and lower yields, from an operator's perspective, tokenization is an ongoing process happening in stages. Traditional finance is now exploring real business use cases by utilizing tokenization to optimize existing problems, leading to significant cost savings. The episode also mentions the growth of tokenized securities, such as the recent 270 million tokenized bonds in the Philippines, and the potential for decreased fees and increased accessibility for alternative assets in private wealth management.
Interoperability and leveraging blockchain for alternative assets
The conversation then focuses on the concept of interoperability and how Avalanche allows for the tokenization of alternative private assets, making them interoperable between different chains. The guest explains that this allows for reducing operational steps, decreasing fees, and increasing alternative assets' percentage allocation for private wealth managers. The technology also addresses the liquidity challenge of alternative assets by creating flexible interfaces, representing these assets to individuals and wealth managers. The podcast mentions specific collaborations like JP Morgan, Apollo, and WissumTree working with Avalanche and other players to tokenize alternative private assets, enabling increased flexibility and credit-backed trades.
The role of Avalanche in the future of payments and loyalty
The episode then explores the potential of Avalanche in the payments and loyalty sector. Avalanche's fast block processing capability is highlighted, as the podcast mentions the Visa test, showcasing Avalanche as one of the fastest blockchains for payment processing. The guest emphasizes that Avalanche can go even faster, and the integration of loyalty programs within the ecosystem can be a powerful use case. The episode mentions the partnership with SK Planet, where a loyalty rewards program with 24 million users and 100,000 unique merchants on Avalanche's subnet is already in progress. The podcast also touches on the presence of NFTs in the Avalanche ecosystem and how they serve as a learning ground for future advancements in loyalty, identity, and traditional commerce.
The convergence of Web3 and gaming on Avalanche
The podcast discusses the convergence of Web3 and gaming on Avalanche. It mentions the potential for building AAA games on the blockchain, highlighting partnerships with gaming companies like Gunzilla and Shrapnel. The episode explores the benefits of blockchain technology in enhancing in-game assets trading, reducing friction, and enabling better monetization for gaming studios. The guest also talks about the importance of composability and the ability to create seamless transactions between different games. The conversation further touches on Avalanche's involvement in the NFT market, the use of decentralized compute, and the potential for AI in relation to blockchain technology.
The transaction count on Avalanche’s C-Chain (responsible for handling smart contracts) over the past week has set new all-time highs, reaching an estimated 2.3 million transactions per day on November 19. However, Avalanche hasn't even begun to explode.
00:00 intro 00:55 Tokenized Assets Growing 04:19 JP Morgan Onyx & Citi Banks 08:14 Dividend Yields Coming 11:54 Tokenized ETFs 14:00 Visa Payments Test 15:08 Transaction Speed 17:53 Testnet Subnets 18:55 Loyalty Rewards Exploding 23:08 Brands Awakening 24:20 John Wu Predicted ROBLOX 29:12 First Console Game? 30:32 NFT Sales Exploding 32:33 The Great Chain Migration 34:21 Meta Interoperability 36:42 XCAD Moving To Avalanche? 37:38 Apple Reckoning Coming 38:19 BEAM & Merit Circle 40:40 Tech Roadmap 41:13 AWM & Teleporter 42:12 OnChain Storage 42:30 Big Partnerships Coming 43:41 Avalanche Render Network? 44:45 outro