Layer 3 technology is reshaping app development in crypto, aiming for mass user adoption.
BlackRock's $100 million tokenized US Treasury fund collaboration with Coinbase highlights institutional interest in tokenized assets on Ethereum.
DJN's success in launching a Layer 3 network emphasizes the potential of decentralized solutions to streamline transactions and reduce fees.
Deep dives
The Rise of Layer 3 in the Crypto Space
Layer 3 technology is gaining momentum in the crypto world, potentially shaping the future of app development. With millions of users already utilizing Layer 3 technology, the industry is experiencing its growing pains transitioning through this process. Despite complaints from early industry crypto users, achieving mass user adoption through Layer 3 solutions seems to be the ultimate goal for some developers.
The Impact of BlackRock's Tokenized On-Chain US Treasury Fund
BlackRock's recent launch of a tokenized on-chain US Treasury fund, amounting to $100 million, has stirred discussions in the crypto space. The collaboration with Coinbase and the subsequent market reactions, where RWA tokens experienced significant price rallies, indicate a growing interest in institutional involvement in tokenized assets on Ethereum.
The Transition towards Layer 3 Ecosystems and the Role of Tokens like DJN
The emergence of Layer 3 ecosystems, exemplified by tokens like DJN, signals a shift in the crypto landscape towards more decentralized and user-friendly solutions. DJN's success in bridging tokens and launching a Layer 3 network showcases the potential for these technologies to streamline transactions and reduce fees, prompting discussions on the future role and impact of Layer 3 platforms on user adoption and innovation in the crypto sphere.
The intersection of AI and crypto startups
There is a discussion about the challenges of combining AI and crypto startups. The sentiment is that serious AI experts might not see the need to merge with crypto ventures due to the vast opportunities within AI alone. Conversely, individuals more rooted in the crypto space may find value in exploring the convergence of AI and crypto. Concerns raised include high valuations and funding for products that often fail to deliver desired results in the decentralized AI sector.
Retail investors and market dynamics
The conversation delves into the presence of retail investors within the crypto space. It suggests that there is a mix of reactivated retail participants who engage in buying and selling during market upswings, alongside potentially new retail entrants gaining exposure to cryptocurrencies. There is an observation that retail engagement varies across different chains like Solana and Base, with potential growth and interest linked to influential figures like Ansem guiding retail investment decisions. The dispersion in the market highlights the challenge of a vast number of coins causing attention fragmentation, leading to coins moving independently rather than in unison as in previous cycles.
In this Roundup for March, Imran and Qiao discuss Memecoins, BlackRock, L3s, and other trends. No BS crypto insight for founders.
Timestamps
(00:00) Intro (00:56) Welcome to Good Game (01:31) The Good Game Rebrand (02:35) BlackRock Recently Launched Their Tokenized Fund (03:38) Let's Look Through What BlackRock Would See (05:13) The Impact of BlackRock's Tokenized Fund (08:55) What is The Future of Ethereum? (11:35) What is the Role of a Layer 1? (12:52) Let's Talk About Proto-Danksharding Fees (15:45) The Debates Between Eth Maxis and Sol Maxis (17:50) "Ethereum is Really Behind Solana" (19:08) "We Might Have to Talk About Layer 3s" (19:35) The DEGEN Token on Farcaster (25:19) Qiao: When I first heard the term "Layer 3" I was extremely annoyed (28:16) Why is Coinbase's Smart Wallet Interesting? (29:45) Seraphim's (@MacroMate8) Tweet (31:09) What If Every App is Built on Layer 3 10 Years From Now? (33:28) Layer 3 Can Be an EVM (35:09) The Best Index Bet on Base (36:30) We're Seeing a Lot of Memecoins Launch on Base Now (37:32) Could There Be Two Retail Chains? Base & Solana? (38:39) The Munchables Hack (40:29) Farcaster $1 Billion Valuation (41:52) Thoughts on Emad Mushtaq's Pivot To Decentralized AI (45:16) Qiao: I've been dunking on AI crypto for the last few months (47:58) Imran: This is why I like Memecoins (51:24) Are We Actually in a Memecoin Supercycle? (53:23) Imran Tells a Funny Cardano Story (55:39) 25 Years for SBF? (56:34) New Segment: Mailbag - Answering Listener Questions (57:05) What's Our Take on Ordinals? (58:19) NFTs As an Asset Class (01:00:33) What Would Be The Future of NFTs? (01:03:32) Is Retail Really In? (01:08:06) "All Roads Lead to Ansem" (01:11:03) "There are too many coins in this cycle"
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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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