Outlook of IP NFT: its Opportunities and Risks
In recent years, we have borne witness to the exponential growth of non-fungible tokens (NFTs), especially within the art and collectibles realm. Highly notable projects such as Blue-chip PFPs like BAYC and Azuki have gained significant traction, and more ventures are beginning to unlock the practical utilities of NFTs that can be integrated into real-world use cases. In particular, with regards to intellectual property, the advent of IP NFTs has allowed for seamless linking with music albums...
Outlook of IP NFT: its Opportunities and Risks
In recent years, we have borne witness to the exponential growth of non-fungible tokens (NFTs), especially within the art and collectibles realm. Highly notable projects such as Blue-chip PFPs like BAYC and Azuki have gained significant traction, and more ventures are beginning to unlock the practical utilities of NFTs that can be integrated into real-world use cases. In particular, with regards to intellectual property, the advent of IP NFTs has allowed for seamless linking with music albums...
Designing a Sustainable Economic System for Blockchain Games: Lessons from History
Despite a significant drop in transaction volume and user numbers, blockchain games still account for half of all blockchain usage, which demonstrates the continued demand for blockchain games. Designing a sustainable economic system has become a critical issue for GameFi projects. In this article, we will use successful past games as examples to discuss the logic of in-game virtual assets & how to design a sustainable gaming economic system from different perspectives. The values of in-game ...
Designing a Sustainable Economic System for Blockchain Games: Lessons from History
Despite a significant drop in transaction volume and user numbers, blockchain games still account for half of all blockchain usage, which demonstrates the continued demand for blockchain games. Designing a sustainable economic system has become a critical issue for GameFi projects. In this article, we will use successful past games as examples to discuss the logic of in-game virtual assets & how to design a sustainable gaming economic system from different perspectives. The values of in-game ...
Block Builder Decentralization is coming, but maybe not so soon
Introduction In early 2022, there were discussions about the potential centralization of block building and the implications of MEV and block sequencing post-PBS (Proposer Builder Separation). I personally resonated with this concern and published an article on the risk of centralization. At the time, the community had mixed views on the issue, with some accepting the idea that Ethereum could have a decentralized validator network with a more centralized block builder, as outlined in the "End...
Block Builder Decentralization is coming, but maybe not so soon
Introduction In early 2022, there were discussions about the potential centralization of block building and the implications of MEV and block sequencing post-PBS (Proposer Builder Separation). I personally resonated with this concern and published an article on the risk of centralization. At the time, the community had mixed views on the issue, with some accepting the idea that Ethereum could have a decentralized validator network with a more centralized block builder, as outlined in the "End...
Bridge security through the lens of trust-minimization
Why do I write about bridges now? Cross-chain bridges, especially between L1s, have been a popular topic over the past few years as crypto welcomed the alt-L1 race in 2020. The demand for a cheaper, faster, and more scalable blockchain soared together with the daring need for secure and reliable bridges across those chains. However, it soon becomes overwhelmingly clear to anyone that BRIDGES SUCK. With the semi-quarterly announcement of major bridge hacks shivering the spine of all who “bet” ...
Bridge security through the lens of trust-minimization
Why do I write about bridges now? Cross-chain bridges, especially between L1s, have been a popular topic over the past few years as crypto welcomed the alt-L1 race in 2020. The demand for a cheaper, faster, and more scalable blockchain soared together with the daring need for secure and reliable bridges across those chains. However, it soon becomes overwhelmingly clear to anyone that BRIDGES SUCK. With the semi-quarterly announcement of major bridge hacks shivering the spine of all who “bet” ...
Lighthouse: a perpetual storage solution built upon Filecoin
1.What do you think about the whole landscape of decentralized storage? What is going on in this space? What does decentralized storage mean to Web3？ Filecoin and arweave are the two famous storage protocols out there in the market. Filecoin has a huge miner network of 18 EB and hundreds of miners lending storage to the market. Whereas, Arweave is mostly known for its permanent storage ability and has been able to build a decent community due to smart contract ability which Filecoin misses at...
Lighthouse: a perpetual storage solution built upon Filecoin
1.What do you think about the whole landscape of decentralized storage? What is going on in this space? What does decentralized storage mean to Web3？ Filecoin and arweave are the two famous storage protocols out there in the market. Filecoin has a huge miner network of 18 EB and hundreds of miners lending storage to the market. Whereas, Arweave is mostly known for its permanent storage ability and has been able to build a decent community due to smart contract ability which Filecoin misses at...
