Devin Baker

While $FLY is meant to maintain a stable value or a set exchange rate, usage of $FLY earns both diners and restaurants ownership in the network, via Blackbird’s second token: $F2 . The more $FLY you hold and spend (as a diner) or hold and receive (as a restaurant), the more ownership you earn.

But the most interesting teams in our view are those that either deeply understand where the demand-side is and how they can solve their problems in practice, or those who are building on a longer-term thesis toward something not widely appreciated today.

Other industries, though, are matter industries .

Think energy or agriculture. These things are necessarily physical. Electricity requires electrons. Digital food doesn’t fill bellies.

For the past few decades, as software has eaten the world, entrepreneurs and incumbents alike have attempted to fix these industries with software. They’ve made them... See more

Fred Wilson pointed out that being onchain opens up the opportunity to build an AmEx-like loyalty program where all the loyalty points are onchain.

“$FLY is like a stablecoin. It’s not something like Bitcoin where you buy it and hope it goes to $100k,” he said. “But the idea of taking loyalty points onchain is a big deal.”

Specifically, it will... See more

Clarity matters: Being specific and consistent and clear in what you do and what you stand for is challenging work, but worth it. It requires less compromise and a willingness to walk away from all the soft edges that the committee might be insisting on.

We know what the Bat Signal means. We know who’s going to show up, what he’s going to be... See more

Until last year, launching an onchain subscription was difficult, as NFTs and ERC20s had no concept of time embedded within them. Instead, they offered one-time, discrete value transfer between buyers and sellers.

Token allowances and streaming escrow contracts are one solution to this problem, but they are complex and difficult to use.

We made STP... See more

There’s certainly an argument that the more physical the network is, the more difficult it will be to reach escape velocity. The flipside is that those who do reach escape velocity will have much stronger moats compared to their virtual network counterparts. A common narrative is that software has zero marginal cost, but rarely do we talk about how... See more

While the tech, tech adjacent, oil and gas, commodities, food (real / hard assets and real production) etc kind of industries and surrounding industries plus the govt will continue to boom, the tech infrastructure will continue to reign supreme worldwide.