In 2022, the distributed autonomous organization is sort of a thing. DAOs exist. They are not a joke. But we can hardly say they are mature. The 2022 DAO standard design has not been ruthlessly optimized by experience and competition—we should not expect the current practice of the field to be in any way optimal. We should expect it to reflect the hopes of the players, not their experience. Autonomous and sovereign are of course synonyms—or near synonyms. When we draw up a contract for a DAO,...

In 2022, the distributed autonomous organization is sort of a thing. DAOs exist. They are not a joke. But we can hardly say they are mature. The 2022 DAO standard design has not been ruthlessly optimized by experience and competition—we should not expect the current practice of the field to be in any way optimal. We should expect it to reflect the hopes of the players, not their experience. Autonomous and sovereign are of course synonyms—or near synonyms. When we draw up a contract for a DAO,...

On March 26, 2019, Huobi Prime was officially opened on the Firecoin Global Station to select scarce and high-quality projects (investment targets) for users, and thus officially kicked off the contest with Binance Launch Pad. In the context of the ongoing bear market, Huobi Prime has stirred up the long-silent market sentiment and led HT to start a wave of upward movement. Huobi Prime aims to explore the potential applications of blockchain, gather industry resources, and promote the rapid i...

On March 26, 2019, Huobi Prime was officially opened on the Firecoin Global Station to select scarce and high-quality projects (investment targets) for users, and thus officially kicked off the contest with Binance Launch Pad. In the context of the ongoing bear market, Huobi Prime has stirred up the long-silent market sentiment and led HT to start a wave of upward movement. Huobi Prime aims to explore the potential applications of blockchain, gather industry resources, and promote the rapid i...

The first thing to say about the article is - data. The nature of blockchain is an open, permissionless distributed database, so the data direction is innate. Traditional Internet developers are familiar enough with and understand data, and have with natural advantages, so data is the most suitable direction for new players to try. Here are a few typical cases:1.The GraphThe Graph is a decentralized on-chain data indexing protocol. It is similar to traditional cloud-based services APIs, with ...

The first thing to say about the article is - data. The nature of blockchain is an open, permissionless distributed database, so the data direction is innate. Traditional Internet developers are familiar enough with and understand data, and have with natural advantages, so data is the most suitable direction for new players to try. Here are a few typical cases:1.The GraphThe Graph is a decentralized on-chain data indexing protocol. It is similar to traditional cloud-based services APIs, with ...

Let us first consider the impossible range of physical objects. Literally anything made of atoms is an "object", and it is unhelpful to try to pin down a specific definition here. But we can focus on one important feature of IRL objects that will help us understand the true potential of "digital objects": ownership. The core innovation of blockchain as a public ledger separates the concept of digital ownership from physical ownership, which lacks any decentralized consensus mechanism. However...

Let us first consider the impossible range of physical objects. Literally anything made of atoms is an "object", and it is unhelpful to try to pin down a specific definition here. But we can focus on one important feature of IRL objects that will help us understand the true potential of "digital objects": ownership. The core innovation of blockchain as a public ledger separates the concept of digital ownership from physical ownership, which lacks any decentralized consensus mechanism. However...

GameFi has grown explosively over the past year. According to DappRadar, the number of unique daily active wallets interacting with GameFi smart contracts was 23,000 in Q3 2020 and has grown to 1.22 million, a 52x increase. The play-to-earn game Axie Infinity once reached 2 million daily active users, with revenue catching up with OpenSea, Solana and Ethereum. At the same time, public chains accelerated their layout, and game public chains showed a blossoming state. Popular GameFi such as DeF...

GameFi has grown explosively over the past year. According to DappRadar, the number of unique daily active wallets interacting with GameFi smart contracts was 23,000 in Q3 2020 and has grown to 1.22 million, a 52x increase. The play-to-earn game Axie Infinity once reached 2 million daily active users, with revenue catching up with OpenSea, Solana and Ethereum. At the same time, public chains accelerated their layout, and game public chains showed a blossoming state. Popular GameFi such as DeF...

Two years ago, when the DeFi protocol hit $1 billion in total locked-in value (TVL), the essential elements of DeFi, namely stablecoin, lending, and a decentralized exchange, became the trifecta underpinning minimal viability, unleashing innovation and growth while driving the sector's asset value past $200 billion. Today, DeFi's meteoric rise has somewhat plateaued, and further growth catalysts, such as institutional engagement and regulatory clarity, no longer seem out of reach. A...

Two years ago, when the DeFi protocol hit $1 billion in total locked-in value (TVL), the essential elements of DeFi, namely stablecoin, lending, and a decentralized exchange, became the trifecta underpinning minimal viability, unleashing innovation and growth while driving the sector's asset value past $200 billion. Today, DeFi's meteoric rise has somewhat plateaued, and further growth catalysts, such as institutional engagement and regulatory clarity, no longer seem out of reach. A...

On March 31st, DFlow, a decentralized order flow marketplace, closed a $2 million seed funding round co-led by Multicoin Capital and Framework Ventures, with participation from Cumberland (DRW), Parataxis Capital and PetRock Capital. The funding round will be used to recruit institutional market makers, build partnerships and more.Order flow marketOrder flow is the liquidity generated by market participants, i.e. the outstanding bid and ask prices. They are a useful asset that can be sold bas...

On March 31st, DFlow, a decentralized order flow marketplace, closed a $2 million seed funding round co-led by Multicoin Capital and Framework Ventures, with participation from Cumberland (DRW), Parataxis Capital and PetRock Capital. The funding round will be used to recruit institutional market makers, build partnerships and more.Order flow marketOrder flow is the liquidity generated by market participants, i.e. the outstanding bid and ask prices. They are a useful asset that can be sold bas...

According to Nansen's incomplete statistics, the number of NFT projects grew 2,000-fold from the beginning of 2021 to February 2022, and with new PFPs appearing every day, the market is not performing in a healthy way. 1 in 3 programs have almost no deal activity and 1/3 have a bust. homogenization of NFT is a serious problem. Every launch has a whitelist process, and Twitter is flooded with WL sweepstakes. Most NFTs have the same usage scenarios and no new ideas. Focusing on the develop...

According to Nansen's incomplete statistics, the number of NFT projects grew 2,000-fold from the beginning of 2021 to February 2022, and with new PFPs appearing every day, the market is not performing in a healthy way. 1 in 3 programs have almost no deal activity and 1/3 have a bust. homogenization of NFT is a serious problem. Every launch has a whitelist process, and Twitter is flooded with WL sweepstakes. Most NFTs have the same usage scenarios and no new ideas. Focusing on the develop...

The $35 million seed round was led by Multicoin Capital and Paradigm, with Andreessen Horowitz, Solana Capital, Animoca Brands, Coinbase Ventures and Play Ventures, along with Zynga Founder Mark Pincus, Terraform Labs CEO Do Kwon and entrepreneur Tim Ferriss also participated in the round.Justin Kan is the co-founder of Twitch, the massive streaming video platform that has redefined the way many people discover and experience video games, and Justin Kan believes that NFTs will have an even gr...

The $35 million seed round was led by Multicoin Capital and Paradigm, with Andreessen Horowitz, Solana Capital, Animoca Brands, Coinbase Ventures and Play Ventures, along with Zynga Founder Mark Pincus, Terraform Labs CEO Do Kwon and entrepreneur Tim Ferriss also participated in the round.Justin Kan is the co-founder of Twitch, the massive streaming video platform that has redefined the way many people discover and experience video games, and Justin Kan believes that NFTs will have an even gr...

What is Web3?Web3 is the name given by some technologists to a new type of Internet service, this new Internet service uses decentralized blockchain technology. The term Web3 has been around for years, but has only become popular in the past year. Investor Packy McCormick has promoted Web3, defining it as "a new kind of Internet owned by builders and users, and incentivized by Tokens". Proponents envision Web3 in a variety of forms, including decentralized social networks, "play-to-earn" game...

What is Web3?Web3 is the name given by some technologists to a new type of Internet service, this new Internet service uses decentralized blockchain technology. The term Web3 has been around for years, but has only become popular in the past year. Investor Packy McCormick has promoted Web3, defining it as "a new kind of Internet owned by builders and users, and incentivized by Tokens". Proponents envision Web3 in a variety of forms, including decentralized social networks, "play-to-earn" game...

In 2022, the distributed autonomous organization is sort of a thing. DAOs exist. They are not a joke. But we can hardly say they are mature. The 2022 DAO standard design has not been ruthlessly optimized by experience and competition—we should not expect the current practice of the field to be in any way optimal. We should expect it to reflect the hopes of the players, not their experience. Autonomous and sovereign are of course synonyms—or near synonyms. When we draw up a contract for a DAO,...

In 2022, the distributed autonomous organization is sort of a thing. DAOs exist. They are not a joke. But we can hardly say they are mature. The 2022 DAO standard design has not been ruthlessly optimized by experience and competition—we should not expect the current practice of the field to be in any way optimal. We should expect it to reflect the hopes of the players, not their experience. Autonomous and sovereign are of course synonyms—or near synonyms. When we draw up a contract for a DAO,...

From early 2022 to date, the DeFi market lockup has grown rapidly to $200 billion. However, due to the lack of credit and identity systems in DeFi, coupled with lending platforms that require greater than 100% collateral, there will always be a limited amount of capital available to flow into DeFi. We have previously introduced you to projects such as NFT3, a decentralized identity system, and QPassport. The idea is to implement a credit system through features such as NFT and pledge tokens, ...

From early 2022 to date, the DeFi market lockup has grown rapidly to $200 billion. However, due to the lack of credit and identity systems in DeFi, coupled with lending platforms that require greater than 100% collateral, there will always be a limited amount of capital available to flow into DeFi. We have previously introduced you to projects such as NFT3, a decentralized identity system, and QPassport. The idea is to implement a credit system through features such as NFT and pledge tokens, ...