Tengji Zhang

Naval

• This likely leads to consolidation of info  onto 1 or a few chains

Ownership: easiest information to capture on-chain and associated with an individual's identity

On-chain identity matter because current professional identities are uninformative and rely on trust instead of verification.

Areas of on-chain identity landscape: Ownership, Aggregators, Governance Participation, Bounties, Data Rails, Proof of Humanity, Endorsement, Profiles

Stable coin can have advantage over fiat money in the long term, especially in use cases like international transfer.

Algorithmic stable coin is not very reliable because the assumption about the underlying volatility assets could break once in a while. Consider Long-Term Capital Management.

NEAR is San Francisco — built for web3 techies who believe sharding is the only way forward towards scalability in the long-term.