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Welcome to the Cryptso Casts newsletter! Every month, I curate my best thoughts, ideas, and observations on crypto and the industry at large.
An exercise that every project needs to do in order to be successful is to figure out how to embrace the native onchain culture that is emerging and how to be generative with new culture This means growing Azuki from a brand to a culture that is decentralized, organic, and bigger than any one of us https://i.imgur.com/Xm1GKPE.jpg
What happens when the strongest brand in web3 meets the hottest decentralized social network? Join /azuki to find out, IKZ ⛩️ https://i.imgur.com/FDBrs8y.jpg
Z has entered the chat 🫡 https://warpcast.com/zagabond/0xf4f81dbd
GM Garden, For the past year, @farcaster has become my new online home vs. X and Discord, so it was a no-brainer to try to bring together the /azuki community here With more and more beans joining us, I hope Farcaster will become your new home too – this is where the fire will start heading into the next cycle 🔥 https://i.imgur.com/lS5CSLa.jpg
Love seeing /azuki come onchain First frames… then more mintable onchain content? https://warpcast.com/zagabond/0xf3a607d2
Would be dope to see more of /azuki’s brand, content, and community onchain: - Cast on @farcaster - Write on @paragraph - Stream on @unlonely - Put music on /soundxyz - Drop merch on @crowdmuse - Mint commissioned art on @zora These are all net new engagement channels that will grow the Garden
Mint /azuki art on @zora, collect Azuki art on Zora Enter the Garden with Azuki #6403 and Bean #1951 Free open edition mint below https://zora.co/collect/zora:0x2dc02aba29cc56fc8741e676ec86e9a2b5da5466/1
Delivery at Dawn | a 4844 film animated by THE LINE Studio dropped on March 10, some stats: - 26K mints - 142 ETH raised, 80% to @protocolguild Imagine if /azuki released its upcoming anthology series on @zora for fans to watch, collect, and enjoy – would mint in a heartbeat https://i.imgur.com/KIStm34.jpg https://i.imgur.com/nP3zFFz.jpg
/azuki, onchain https://i.imgur.com/adnAN19.jpg https://x.com/animecoin/status/1772971822100717983?s=46&t=WH1NEB3O4jfMt861gchHvA
1/ The /azuki AnimeChain is an excellent example of what /arbitrum Orbit is all about: complementing each other and leveraging each other’s core strengths https://i.imgur.com/5ZaetHY.jpg
First bring anime onchain Then bring onchain anime to the world https://i.imgur.com/cWd7fsN.jpg https://x.com/azuki/status/1775364212300386304?s=46&t=WH1NEB3O4jfMt861gchHvA
With AnimeChain launching, all of the content /azuki produces should be mint first As an example - for Episode 1 of the Azuki Anthology Series, minting should be the primary form of engagement, then Azuki socials can amplify Why? Because mintable content is more onchain native, engaging for fans, and boundary-pushing https://i.imgur.com/agdRCF3.jpg
As /azuki comes onchain, everything we create should be done through the lens of "what would it feel like to mint this onchain?" Whether it's commissioned art, memes, blogs, videos, or music, letting anyone from collectors to fans mint is powerful This lens will help bring Azuki and the entire anime industry onchain https://i.imgur.com/sZNHbIJ.jpg
Join the /azuki onchain revolution: 1. Bring the anime industry onchain 2. Let Azuki creators own their content and earn from it 2. Empower the Azuki community to create and mint more 4. Onboard web2 anime IPs and create new web3 anime IPs 5. Co-create the Azuki universe and strengthen AnimeChain together IKZ ⛩️
o̶f̶f̶l̶i̶n̶e̶ o̶n̶l̶i̶n̶e̶ onchain https://warpcast.com/jessepollak/0xc93203d6
Instagram and Facebook = online @farcaster and @base = onchain Online systems can go down, onchain systems always stay up
The goal is to have new users offramp before they onramp
When your friends ask you about crypto this bull market, tell them that they dont have to buy their first crypto They can start earning their first crypto by creating, sharing, and participating in the global onchain economy
Last cycle, the term “consumer crypto” was seen as a contradiction This cycle, an entire army of incredibly smart founders and creators are making consumer crypto apps a reality We’re sitting at an inflection point where the infra, onboarding, and UX are all finally ready
Consumer crypto = actually useful and fun onchain apps
EIP-4844 has made <1 second, <1 cent transactions possible Even more industries will be able to come onchain now
Consumer crypto is the endgame EIP-4844, embedded wallets, and account abstraction are the enablers
This cycle is different because a new wave of onchain products are here Blockchain-powered products that enable consumer experiences that weren’t possible in web2
Excited about “only with crypto” https://warpcast.com/li/0xfda4cee6
People always talk about the “L2 wars,” but EIP-4844 is a great example of the actual underlying alignment and collaborative spirit among Ethereum L2 teams Let’s keep scaling Ethereum, together 🤝
A few years ago, many said L2s were pointless Today, people are saying the same thing about L3s Give it some time – L3s are going to go mainstream
Memecoins are the distillation of an attention economy https://multicoin.capital/2024/03/12/publisher-exchanges-consumer-applications-and-the-attention-theory-of-value/
In an attention economy, focus is the ultimate luxury
Rollups are the new appchains Development frameworks: /arbitrum Orbit, /optimism OP Stack, /polygon CDK, /zksync ZK Stack RaaS providers: @conduit, @calderaxyz, @gelatonetwork, AltLayer, Lumoz, Snapchain Ethereum for all
The growing L3 landscape /arbitrum: Xai, Syndr, Song Protocol, RARI Chain, Meliora, Sanko Chain, Treasure Infinity Chains, Muster Network, Polychain, Deri Protocol, OwnChain, NavyAI /base: Syndicate Frame Chain, Gold, Stack, Gotchichain Multirollup: zkLink Nova
Activity on @base has been based lately 🔥 https://i.imgur.com/PcmzrbN.jpg https://i.imgur.com/sK27OXr.jpg
L2s are Ethereum And L2s are better off having competitors with different ideas that challenge and influence each other for good The more you zoom out, the more you’ll see that all the L2 teams are aligned to scale Ethereum https://twitter.com/sgoldfed/status/1770473655417360543
Cool to see how rapidly mobile UX for onboarding and minting is improving for consumer crypto apps We’ve come a long way, but we still have a long way to go
People spent ~$4M supporting creators on @zora the past month This is how impactful and valuable it is to create onchain https://i.imgur.com/dEFt5ve.jpg
Consumer crypto UX that needs 10x improvements: - KYC - Discovery - Onramping - Sending across chains - Understanding tx state change - Project verification and risk analysis What else am I missing?
1/ The most admirable part of /arbitrum’s history is that Princeton wanted Ed to patent interactive fraud proofs, but Ed convinced the university that patents are not aligned with the openness of crypto and abandoned it https://x.com/edfelten/status/1772590896350892480?s=46&t=WH1NEB3O4jfMt861gchHvA
L2s/L3s make a lot of sense if apps/brands completely abstract away wallets with embedded tech Users sign up with email → onramp directly to the L2/L3 → wallet magically appears We have to make it so that users do not know or care what an L2/L3 is The second users have to bridge from L1 to L2 to L3, it’s over
Higher ↑ https://i.imgur.com/u2ZH3RR.jpg https://i.imgur.com/eWge4LE.jpg
@farcaster was just the beginning… Onchain social is about to have its moment, and there will be room for many onchain social platforms Fired up about /0xppl 👥
Proof of work(out) @receipts https://www.receipts.xyz/
Collect your favorite podcast @pods https://pods.media/
Maps designed for friends @frens https://www.frens.lol/
Best lens protocol client out there https://orb.club/
A social platform to code, design, and curate your perfect social spaces https://www.seam.so/
Fully onchain March Madness 🏀 Love this new experience from @tldr and @passafiume.eth https://bracket.game/
A magical product tackling EVM fragmentation by @shunkakinoki 👏 Account abstraction + network abstraction is what the Ethereum ecosystem desperately needs https://light.so/
Congrats to @gnosischain on the successful Dencun upgrade! 🐡 Gnosis can adopt Ethereum hard forks because it runs the same dual-layer stack with a “Beacon chain” consensus layer that supports all the major Ethereum clients Next stop: Dencun on Ethereum Mainnet this Wednesday! https://warpcast.com/gnosischain/0x473d3587
Find out how much cheaper your recent transactions will be in a post-4844 world on @base https://welovetheblobs.xyz/
The blobs are bubbling .oO Ethereum’s Dencun upgrade is officially here, dramatically lowering transaction fees on L2 rollups that use Ethereum Mainnet for data availability Huge milestone today – congrats to everyone involved! https://warpcast.com/tim/0x6f0e0f54
/eigenlayer explained https://review.stanfordblockchain.xyz/p/39-eigenlayer-explained
The most important question to answer after we move past the data availability narrative How to raise the gas limit ⛽ https://www.paradigm.xyz/2024/03/how-to-raise-the-gas-limit-1
Exploring Ethereum’s client ecosystem An analysis of client diversity 💻 https://medium.com/ethereum-cat-herders/exploring-ethereums-client-ecosystem-afc9affa84dd#:~:text=Geth%20is%20indeed%20the%20favorite,choice%20for%20switching%20if%20needed
Blobs on /arbitrum are in full effect 💙🧡 https://i.imgur.com/MYuhvXm.jpg https://i.imgur.com/hfoT6oH.png
Huge!! And a very pragmatic approach to scaling Ethereum Arbitrum One puts all data on Ethereum and is for DeFi apps that need maximum security Arbitrum Nova still leverages Ethereum in a very significant way by adding a DA committee and is for gaming, social, and mass market apps that need lower costs and higher TPS https://i.imgur.com/l7aipID.jpg
Fun fact: Arbitrum Stylus is a way to build apps in other languages AND a scaling solution Meaning that if you know Rust/C/C++, you can use Stylus on Testnet today, bring in existing libraries of other languages, and notice your computational cost is down 10x Stylus is going to be absolutely incredible for innovation
Stylus is a three-headed monster: - 10x+ cost reduction for compute - 100x+ cost reduction for memory - Write code in Rust/C/C++ and other future WASM-based languages Scaling L2 execution and DevEx, one upgrade at a time https://twitter.com/ajwarner90/status/1770645003208901051
The impact of EIP-4844 has been huge 4844 reduced L1 data availability costs drastically L2 execution is now the bottleneck, and fees on @base are rising because of that, not because of blobs getting saturated Now we are going to scale L2 execution by many orders of magnitude One step at a time, young padawan
Launch an /arbitrum Orbit L3 anywhere I think Orbit is quickly going to become the de facto L3 solution in the Ethereum ecosystem https://warpcast.com/syndicate/0x88f4c843
And that’s my monthly roundup! Subscribe for free to receive new posts and follow me to stay in the loop.
David Tso
Just published the third edition of my Cryptso’s Casts newsletter, “Azuki Comes Onchain,” via @paragraph! I cover taking /azuki onchain, consumer crypto, EIP-4844, embedded wallets, why rollups are the new appchains, activity on @base.base.eth and @zora, and more https://paragraph.xyz/@cryptso/azuki
Just published the third edition of my Cryptso’s Casts newsletter, “Azuki Comes Onchain,” via @paragraph! I cover taking /azuki onchain, consumer crypto, EIP-4844, embedded wallets, why rollups are the new appchains, activity on @base.base.eth and @zora, and more https://paragraph.xyz/@cryptso/azuki