BrennerOpen Source Protocols: All Value Creation, No Value Capture
Open Source Protocols: All Value Creation, No Value CaptureI originally wrote a version of this in July of 2021 but was too chicken to publish it. I’ve become more confident in my thinking and the Overton window has shifted since then. Note: when I say Protocol, I am referring to Hyperstructure Applications on a blockchain. Uniswap, Compound, Aave, Maker, etc. I am not referring to Ethereum or Bitcoin.Protocols cannot and will not accrue value in the long runA protocol exists to standardize c...
BrennerThe Metaverse is Coming
We’ve all read or seen Ready Player One. Most of us have seen The Matrix (Zoomers, if you haven’t, please put it on the top of your watchlist). The idea of a digital world we jack into is not new. But the palpability of its imminence has reached other level. Shimmers of it are beginning to come into focus as kids spend more money on Fortnite skins than clothes, spacial-audio-for-the-workplace companies start popping up left and right, and Zuck gets closer to banning Zoom and shipping every em...
Building infrastructure for The Metagame. The next phase of NFTs are earned, not just purchased. https://themetagame.xyz
BrennerOpen Source Protocols: All Value Creation, No Value Capture
Open Source Protocols: All Value Creation, No Value CaptureI originally wrote a version of this in July of 2021 but was too chicken to publish it. I’ve become more confident in my thinking and the Overton window has shifted since then. Note: when I say Protocol, I am referring to Hyperstructure Applications on a blockchain. Uniswap, Compound, Aave, Maker, etc. I am not referring to Ethereum or Bitcoin.Protocols cannot and will not accrue value in the long runA protocol exists to standardize c...
BrennerThe Metaverse is Coming
We’ve all read or seen Ready Player One. Most of us have seen The Matrix (Zoomers, if you haven’t, please put it on the top of your watchlist). The idea of a digital world we jack into is not new. But the palpability of its imminence has reached other level. Shimmers of it are beginning to come into focus as kids spend more money on Fortnite skins than clothes, spacial-audio-for-the-workplace companies start popping up left and right, and Zuck gets closer to banning Zoom and shipping every em...
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Building infrastructure for The Metagame. The next phase of NFTs are earned, not just purchased. https://themetagame.xyz
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Since November we’ve released 3 earned NFTs that showcase the emergent power of using historical on-chain data to generate unique and user-specific art and attributes. The support from the community (AKA Crypto Twitter) has blown me away – so many people tweeting out their Birthblocks, Token Gardens, and Heartbeats. Their enthusiasm coalesces around a central theme - that earned NFTs have the possibility to reflect their activity on the network and actions to the rest of the community.
https://twitter.com/ljxie/status/1458946982131556352?s=20&t=PM6xqlcxkpTmmp9QvcYsNQ
https://twitter.com/dwr/status/1478510951116652545?s=20&t=PM6xqlcxkpTmmp9QvcYsNQ
https://twitter.com/nir_III/status/1486867522318176263?s=20&t=dOjtFX-X2SugtxCTP0McRA
The long term vision will be woven by creating stable infrastructure, environments, and tooling required to foster the emergence of values-based communities with religious levels of alignment. It’s not a far stretch to imagine multiple DAOs with power, influence, and geographic decentralization rivaling the Catholic Church.
Values are truly defined by one’s actions, and society has long sought to more closely align personal values with individuals’ actions. Blockchain represents a unique opportunity to achieve that paradigm through the distributed ledger; it could be said that the truest actions that exist are actions stamped and verifiable on a blockchain. The transactions, messages, art, and code commits you sign denote a compelling ability to codify your values publicly.
Anyone can look up someone’s .eth address and scroll back to their first transaction to see how long they’ve been using Ethereum. But no one does that. With Birthblock, Token Garden, and Heartbeat, you gain insight into the depth and breadth of an individual's actions on the network by just looking at the type of NFTs brought forth in this discussion. This visual representation creates a more captivating and arguably more persistent transmission of dynamic information behind a user’s activity; rendering a new dimension when compared against more static NFT cousins.
Phase 2 is about assembling raw transaction data into more digestible and distinct formats at scale.
nick.eth submitted EP1
rainbowwallet.eth voted on EP1
kylemccollom.eth minted 4 Zorbs
lilac.eth was paid for contributing to FWB
The above types of actions represent possible futures for both Web3 social and professional feeds; surely new as-of-yet-uninvented formats will also be included. This data can be used for gated digital spaces, airdrops, and more. It’s easy to imagine that infrastructure like The Graph and Ceramic Network will be deeply contributive pieces to the unfolding landscape.
And just like the transactions themselves, how we derive these human readable actions will have to be open-source – and one day, validated by a network of entities.
Metagame has already begun conversations with a variety of projects and teams that have started building out the basic blocks behind this infrastructure. At this stage, collaboration is the foremost requirement to the success of these projects, including participation from Joey & Rapha from backdrop.so, Woj from mazury.xyz, Reka from guild.xyz, Dan & Varun from Farcaster, Tina from 0xStation, Alex at Showtime
If you’re also building or thinking about this space, please reach out!
You can follow updates via @Metagame
Back to building. 🛠
Since November we’ve released 3 earned NFTs that showcase the emergent power of using historical on-chain data to generate unique and user-specific art and attributes. The support from the community (AKA Crypto Twitter) has blown me away – so many people tweeting out their Birthblocks, Token Gardens, and Heartbeats. Their enthusiasm coalesces around a central theme - that earned NFTs have the possibility to reflect their activity on the network and actions to the rest of the community.
https://twitter.com/ljxie/status/1458946982131556352?s=20&t=PM6xqlcxkpTmmp9QvcYsNQ
https://twitter.com/dwr/status/1478510951116652545?s=20&t=PM6xqlcxkpTmmp9QvcYsNQ
https://twitter.com/nir_III/status/1486867522318176263?s=20&t=dOjtFX-X2SugtxCTP0McRA
The long term vision will be woven by creating stable infrastructure, environments, and tooling required to foster the emergence of values-based communities with religious levels of alignment. It’s not a far stretch to imagine multiple DAOs with power, influence, and geographic decentralization rivaling the Catholic Church.
Values are truly defined by one’s actions, and society has long sought to more closely align personal values with individuals’ actions. Blockchain represents a unique opportunity to achieve that paradigm through the distributed ledger; it could be said that the truest actions that exist are actions stamped and verifiable on a blockchain. The transactions, messages, art, and code commits you sign denote a compelling ability to codify your values publicly.
Anyone can look up someone’s .eth address and scroll back to their first transaction to see how long they’ve been using Ethereum. But no one does that. With Birthblock, Token Garden, and Heartbeat, you gain insight into the depth and breadth of an individual's actions on the network by just looking at the type of NFTs brought forth in this discussion. This visual representation creates a more captivating and arguably more persistent transmission of dynamic information behind a user’s activity; rendering a new dimension when compared against more static NFT cousins.
Phase 2 is about assembling raw transaction data into more digestible and distinct formats at scale.
nick.eth submitted EP1
rainbowwallet.eth voted on EP1
kylemccollom.eth minted 4 Zorbs
lilac.eth was paid for contributing to FWB
The above types of actions represent possible futures for both Web3 social and professional feeds; surely new as-of-yet-uninvented formats will also be included. This data can be used for gated digital spaces, airdrops, and more. It’s easy to imagine that infrastructure like The Graph and Ceramic Network will be deeply contributive pieces to the unfolding landscape.
And just like the transactions themselves, how we derive these human readable actions will have to be open-source – and one day, validated by a network of entities.
Metagame has already begun conversations with a variety of projects and teams that have started building out the basic blocks behind this infrastructure. At this stage, collaboration is the foremost requirement to the success of these projects, including participation from Joey & Rapha from backdrop.so, Woj from mazury.xyz, Reka from guild.xyz, Dan & Varun from Farcaster, Tina from 0xStation, Alex at Showtime
If you’re also building or thinking about this space, please reach out!
You can follow updates via @Metagame
Back to building. 🛠
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