Web3
At a basic level, the protocol consists of:
- A substrate blockchain (Subtensor) that serves as a system of record
- A Native token (TAO) that incentivizes participation
- A network of specialized projects (called “subnets”) that compete for TAO emissions
- A consensus mechanism (Yuma Consensus) for scoring performance and allocating token rewards
RJ@BaznoCap • X. It’s what’s happening
The second point is that these open-source decentralized ledgers have network effects, and thus the largest and most robust one is the most valuable by far. If someone expects it to get completely disrupted at some point, then they might rationally avoid investing in it. If they instead expect that it’ll keep updating and remain in the lead with it... See more
Lyn Alden • December 2024 Newsletter: The Rise of Digital Assets
but what i find most powerful about hypersub is that it enables followers to derive more than just informational value from creators; it enables followers to derive financial value, as well.
through hypersub's rewards model, followers are incentivized to discover and subscribe to emerging creators in whom they believe. followers, therefore, have a v... See more
through hypersub's rewards model, followers are incentivized to discover and subscribe to emerging creators in whom they believe. followers, therefore, have a v... See more
hypersub as the crypto substack
Leaning into these features of property in the physical world will allow for a highly specialized and differentiated agent that isn’t possible today. For example, imagine J. R. R. Tolkien held a certain NFT agent and used it while writing The Hobbit . Let’s say you want to write your own fantasy novel and are seeking an agent to help you. The fact ... See more
Agents as NFTs
- Incentives – Imagine an L2 that’s printing tokens crazy, and they’re giving them away to users and apps to come to their chain. They have super high REV as a result. It is fair to argue that this level of REV is likely unsustainable – if and when they need to stop printing money, then it is likely that application and user activity will die down.
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
The core question at the heart of our exploration at Seed Club is how do you harness our newfound ability to convert cultural and social capital into financial capital in productive and sustainable ways? How do you use the attention and cultural aggregation powers of memecoins to actually serve people in more expansive ways than just number go up?
Josh Cornelius • thank you this was a refreshingly optimistic week
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently.
Jun • Making Sense of Based Rollups on Bankless
Right on schedule, just like almost every other year, it will be time to sell in the late stages of the first quarter and chill on the beach, at the clerb, or on a ski resort in the southern hemisphere and wait for positive fiat liquidity conditions to re-emerge in the third quarter.
Arthur Hayes • Sasa
The Fat Protocol Thesis is being eroded in real time. Not by a faster L1, but by a growing recognition that value capture lives where demand is native and immediate, not abstract and structural.