Timothy Shih

It's important to highlight that crypto is a backend innovation, akin to the first Internet innovation, and very different from mobile, which was a user experience innovation. Just as the first web pages looked a lot like newspaper or magazine pages translated onto a computer screen, we’re still in the early skeuomorphic phase of crypto application... See more

“People in tech would often go escape to Burning Man to feel the sense of what a non-zero-sum world looks and feels like,” said Solana co-founder Gokal. But in crypto, “everyone feels like there’s plenty of opportunity and plenty of value to be captured.”

They’re perpetual because they will always run forever if the blockchain is running. You don’t have to keep “hosting” the application like you do for a Web2 app. And they’re decentralized because they’re running everywhere all at once.

The differences in the two blockchains mirror an ideological rift in the crypto world: Crypto purists (like Buterin) accuse Solana of being too centralized, too enmeshed with venture capitalists, too willing to compromise in pursuit of efficiency. 

My initial thought was that the tokens would be locked forever. But late that night, I had the sudden realization that if the tokens were still there, they could be recovered — by anyone.

"This Metaverse is going to be far more pervasive and powerful than anything else. If one central company gains control of this, they will become more powerful than any government and be a god on Earth." - Tim Sweeney (2016)

Madrid said that Hong Kong-based Animoca Brands shared a vision in that both companies are interested in blockchain, the decentralized ledger that brings transparency and security to cryptocurrencies such as Bitcoin and Ethereum. Pixowl is in the midst of creating a blockchain version of The Sandbox, Madrid said. Blockchain is particularly relevant... See more