If you’re going to read one article this weekend, make it this – very highly recommended read (in full)!
“Big Web companies tend to expand their platforms and monopolize information by locking users into proprietary interfaces. Cryptonetworks, on the other hand, tend to provide single services, and can’t “own” the interface because they don’t control the data.
Consumer applications in crypto/Web3 are independently built on top of multiple “composable” protocols using what we could call a cryptoservices architecture. In Decentralized Finance (DeFi) people call this “money legos”.
[Developers] are building similar crypto-finance apps using many of the same protocols, like Ethereum, Compound, Maker, and Uniswap. This allows them to deliver a complete suite of financial services (transactions, borrowing, lending, trading, investing, etc.) without building all that functionality, infrastructure and liquidity in-house. The protocols provide specific services across many interfaces and the apps on top share resources and data with no centralized platform risk.
A cryptoservices architecture is great for startups. Entrepreneurs can launch new applications quickly and cheaply by outsourcing a lot of the functionality to various networks. As a network, thin applications can scale more effectively across markets. Every piece of digital art minted on Rare Art indirectly increases the utility value of OpenSea, etc.
Fat Protocols suggests crypto protocols will “capture” more value than the application interfaces. A common mistake is to conflate the idea of value capture with investment returns.
Cryptonetworks may scale to store trillions in value but, eventually, flatten in growth. Then, most of the market’s value may be stored in the protocol layer, while outsized returns on investment move to wherever there is more growth. But today we’re far from that state of equilibrium and we’re finding high-return opportunities in both layers.”
See Also: Uniswap is Infrastructure
“Mattereum creates digital identities for the world of physical goods. The Mattereum Asset Passport uses blockchain technology to help buyers, sellers, and experts work together to create a doubt-free environment for trade in luxury goods, art & antiques, and other items where authenticity means everything.
The Mattereum Asset Passport rewards truth in trade by incentivising good information and compensating victims of bad information. Companies looking to securitise, collateralise, or tokenise physical assets are better assured of the authenticity and quality of goods if those goods carry a Mattereum Asset Passport.”
“Ethernal is a multiplayer dungeon generated entirely from the blockchain, inspired by classic text and grid-based MUD games. Items, equipment, coins, and elements that you collect are all tokens that you can freely trade outside of the dungeon.
You explore the dungeon to discover (generate) new rooms. In these rooms, you’ll find items and monsters. You can collaborate with other players to defeat monsters, or race against them to be the first to discover new room and rare items.
Your character will level up to explorer the deeper, more dangerous parts of the dungeon. But remember, if you die you will lose everything that you carry and others can scavenge your remains.”
“In a public call of ethereum 2.0 devs, Nimbus revealed a multi-client testnet Minimum Viable Product (MVP) is due by February 28th.
The testnet genesis block itself will hopefully launch perhaps by the end of next month.”
See Also: Rocket Pool Launches Staking GUI
“Arcade City is a decentralized network that enables riders and drivers to connect directly with each other; drivers can charge what they want, work when they want and build up their own base of repeat customers.
Drivers self-organise in peer-to-peer “guilds”, tokenized using the ERC-20 Arcade Token (ARCD); they keep 100% of fares booked on a peer-to-peer basis, or pay a 10% fee on fares booked through the gamified Arcade City app. Arcade City also plans to offer ride-sharing insurance and payment processing.
We view this as the one stop shop for peer to peer everything.”
“Charting the rise, fall and disappearance of Ignatova, New Regency Television will turn the podcast into a full-fledged television drama.
Hope it continues to get word out about OneCoin around the world.
Ignatova is currently in hiding as prosecutors indict her and her brother, Konstantin Ignatov, on multiple counts of fraud and money laundering. Konstantin has already plead guilty to the charges and faces up to 90 years in jail. OneCoin defrauded investors of around $5 billion in total.”