Evolving Influencers
It’s clear that influencers have come a long way from their traditional roots. Gone are the days when only a few voices dominated the conversation. Now, online, each emerging ecosystem entirely shifts the way we connect. The evolution of influence is not just about who is speaking, but about how their community is amplified by the ever-changing tools at their disposal. Over the coming weeks, we hope to explore the ways in which new infrastructure and products, enabled by web3, are transformin...
Everything Connects
Novel standards and new combinations of tokens always seem to energize digital assets. ERC-721s achieved mainstream attention shortly after the 2017 release and trickled into the NFT mania of 2021, ERC-1155s enabled a more semi-fungible experience and encouraged “casual” minting with open editions..etc. Just a few months ago, we explored 404s as they revealed a blend of ERC-20 and ERC-721 features. As it becomes clear that both NFTs and memecoins are the in-game currencies of the internet, ex...

Feed Your Brain With The Hive Mind
Welcome to Hive Mind, a new media publication covering DAOs, projects, and trends emerging in crypto, Web3 and beyond. If you're not familiar with DAOs, they’re decentralized communities that operate on blockchains, where members can make decisions and allocate resources in a transparent way. They’re internet-native organizations that encourage people to come together and work towards a common goal, without the need for a central authority or hierarchy. A DAO can take on many forms and c...
observing crypto, culture, and the future
Evolving Influencers
It’s clear that influencers have come a long way from their traditional roots. Gone are the days when only a few voices dominated the conversation. Now, online, each emerging ecosystem entirely shifts the way we connect. The evolution of influence is not just about who is speaking, but about how their community is amplified by the ever-changing tools at their disposal. Over the coming weeks, we hope to explore the ways in which new infrastructure and products, enabled by web3, are transformin...
Everything Connects
Novel standards and new combinations of tokens always seem to energize digital assets. ERC-721s achieved mainstream attention shortly after the 2017 release and trickled into the NFT mania of 2021, ERC-1155s enabled a more semi-fungible experience and encouraged “casual” minting with open editions..etc. Just a few months ago, we explored 404s as they revealed a blend of ERC-20 and ERC-721 features. As it becomes clear that both NFTs and memecoins are the in-game currencies of the internet, ex...

Feed Your Brain With The Hive Mind
Welcome to Hive Mind, a new media publication covering DAOs, projects, and trends emerging in crypto, Web3 and beyond. If you're not familiar with DAOs, they’re decentralized communities that operate on blockchains, where members can make decisions and allocate resources in a transparent way. They’re internet-native organizations that encourage people to come together and work towards a common goal, without the need for a central authority or hierarchy. A DAO can take on many forms and c...
observing crypto, culture, and the future
Share Dialog
Share Dialog

Subscribe to hive mind

Subscribe to hive mind
L2 ecosystems are more than technical platforms; they embody the cultural essence of their communities. As L2s like Optimism, Base, Blast, and Zora distinguish themselves within the Ethereum network, they also foster unique cultural identities. These identities, in turn, influence the types of projects that stem from them, similar to how L1s like Bitcoin, Ethereum, and Solana have shaped their ecosystems with distinct cultures. Base, for example, has become a sanctuary for consumer apps, attracting projects that resonate with its user-friendly ethos. Blast has garnered attention for its gambling and degen culture, drawing in a more speculative DeFi crown. Meanwhile, Zora has become a magnet for artists and creatives. This cultural divergence is an organic step in the evolution of blockchain networks. It represents an opening of worlds, broadening Ethereum's reach by matching projects with communities that share similar visions and values.
As we delve into the concept of L3s, it's clear they are tied to the foundations laid by L2s. With L2s maturing and their competitive dynamics cooling down, projects are now evaluating which L2 base aligns best with their objectives and audience. Ryan Yi's observation that winning the L3 narrative is the real “L2 war” seems prophetic as L3s start to capitalize on the strengths of their L2 foundations.
In this vein, Will Collier has identified Base as a potential liquidity hub. In a multichain universe brimming with options, users are likely to gravitate towards a select few hub chains. L3s will offer the high-throughput block space required for specific applications, such as gaming. Transactions on L3s are much cheaper than on Ethereum or even L2s, which allows developers to funnel more revenue into expanding their user base.
The customization possibilities on L3s are extensive. They range from privacy features to unique governance models. For instance, Arbitrum Orbit's partnership with Azuki and Yuga Labs highlights how L3s can foster dedicated execution environments for each organization’s specific use case. The Xai network demonstrates how dedicated gaming networks can flourish. By introducing parallel processing to increase efficiency and scalability, game developers can access cheap fees while benefiting from the composability for users in Xai’s gaming ecosystem. Moreover, Syndicate's low-cost L3 for Farcaster Frames “allows developers to build bigger, faster, more reliable Frames” while pushing the envelope of innovation by comping gas fees.
These advancements suggest that NFT companies might consider pivoting to app chains for better survival prospects, as some have speculated. The meme-derived $DEGEN token is now a unit of account on Farcaster and Base, with ambitions to power an L3. Realms' Starknet-based network uses $LORDS as its fee token, underscoring its focus on gaming and autonomous worlds. Jesse Pollak's comparison of L3s to “onchain connected servers” paints a picture of a future filled with specialized networks. For the end consumer, L3s will most likely be completely abstracted away by embedded wallets and such. This shift isn't just about scaling technology; it's about nurturing ecosystems that resonate with the projects they support and creating more fluid mechanisms of value accrual.
L2 ecosystems are more than technical platforms; they embody the cultural essence of their communities. As L2s like Optimism, Base, Blast, and Zora distinguish themselves within the Ethereum network, they also foster unique cultural identities. These identities, in turn, influence the types of projects that stem from them, similar to how L1s like Bitcoin, Ethereum, and Solana have shaped their ecosystems with distinct cultures. Base, for example, has become a sanctuary for consumer apps, attracting projects that resonate with its user-friendly ethos. Blast has garnered attention for its gambling and degen culture, drawing in a more speculative DeFi crown. Meanwhile, Zora has become a magnet for artists and creatives. This cultural divergence is an organic step in the evolution of blockchain networks. It represents an opening of worlds, broadening Ethereum's reach by matching projects with communities that share similar visions and values.
As we delve into the concept of L3s, it's clear they are tied to the foundations laid by L2s. With L2s maturing and their competitive dynamics cooling down, projects are now evaluating which L2 base aligns best with their objectives and audience. Ryan Yi's observation that winning the L3 narrative is the real “L2 war” seems prophetic as L3s start to capitalize on the strengths of their L2 foundations.
In this vein, Will Collier has identified Base as a potential liquidity hub. In a multichain universe brimming with options, users are likely to gravitate towards a select few hub chains. L3s will offer the high-throughput block space required for specific applications, such as gaming. Transactions on L3s are much cheaper than on Ethereum or even L2s, which allows developers to funnel more revenue into expanding their user base.
The customization possibilities on L3s are extensive. They range from privacy features to unique governance models. For instance, Arbitrum Orbit's partnership with Azuki and Yuga Labs highlights how L3s can foster dedicated execution environments for each organization’s specific use case. The Xai network demonstrates how dedicated gaming networks can flourish. By introducing parallel processing to increase efficiency and scalability, game developers can access cheap fees while benefiting from the composability for users in Xai’s gaming ecosystem. Moreover, Syndicate's low-cost L3 for Farcaster Frames “allows developers to build bigger, faster, more reliable Frames” while pushing the envelope of innovation by comping gas fees.
These advancements suggest that NFT companies might consider pivoting to app chains for better survival prospects, as some have speculated. The meme-derived $DEGEN token is now a unit of account on Farcaster and Base, with ambitions to power an L3. Realms' Starknet-based network uses $LORDS as its fee token, underscoring its focus on gaming and autonomous worlds. Jesse Pollak's comparison of L3s to “onchain connected servers” paints a picture of a future filled with specialized networks. For the end consumer, L3s will most likely be completely abstracted away by embedded wallets and such. This shift isn't just about scaling technology; it's about nurturing ecosystems that resonate with the projects they support and creating more fluid mechanisms of value accrual.
>100 subscribers
>100 subscribers
No activity yet