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2nd Weekly Twitter Space covering the Optimism Ecosystem: Quixotic NFT marketplace, Dapps, and more.
**Collect and own this episode as an NFT!
0.005 ETH mint, limited collection of 10 NFTs.
Proceeds are re-invested to grow the podcast and expand crypto education.
https://open.spotify.com/episode/2CVmRgSrvxXNvfyXlPsYp5
Crypto is how you program money. Money is how you program people.
The answer is incentives.
"Incentives motivate behavior."
The ecosystem needs developers to actually BUILD DAPPS on Optimism.
Why should a developer want to use Optimism as opposed to any other blockchain network?
Incentives to build on Optimism: the “Optimism Governance Fund” donates money to teams and projects that have built useful things for the community.
These useful projects are known as “public goods”.
The idea here is to reward those that contribute in positive ways.. incentivizing new developers to launch their dapps on Optimism.
Public Goods make people want to join an ecosystem. Science is and example of a public good that is valuable to society.
With retroactive public goods, whatever turns out to be the most valuable tends to be retroactively rewarded after proving its product-market fit. This is the opposite of traditional venture capital firms that go out to fund a bunch of different ideas without knowing for sure what will succeed.
***jrocki.eth ***- Twitter Spaces Co-host. supported Optimism during OptiPunks launch because of Public Goods Funding Infrastructure.
Mark, Co-Founder of Quixotic.io:
Mark was a software engineer at an ad-tech company. Later learned about ETH, Optimism, and the possibility to host projects on IPFS.
Participated in ETH global hackathon in 2021… involved with Feudals Ethereum community… worked on some various developments in Ethereum.
Looked at other Layer 1’s, saw the high cost of trading NFTs on L2. Saw Layer 2’s as the future. Wanted to build something and make something happen in the space.
Build / launch Quixotic.io
Currently building CryptoVania / Storyverse on IPFS
Even though the markets are down it feels like the builders are full-steam ahead.
On the Space, Mark raised the question: what do users need for adoption to increase?
One specific need was brought up: we need a decentralized app store / decentralized app platform.
For example, you don’t see substack app on the App Store. Why not? Because App Stores take too big of a cut due to policies around in app purchases etc. Effectively creates a roughly 30% markup on everything.
Browser apps are harder to block and shut down, however, performance and computation are more difficult in browser.
Huge opportunity for decentralized apps.
IPFS - communication and naming protocol. Similar to bittorrent, everyone can access files on IPFS thru peer to peer network.
With Brave Browser you can visit IPFS, similar to using http.
If no one is pinning the file, it might be really slow. So, you can pay someone in Filecoin or Pinata to pay the network to access the file, if no one pins it.
Warp speed bridge - standard protocol level bridge for optimism…Eth in escrow / burns the eth etc. Came out of a project called teleportal.
Storj - startup for decentralized storage. They encrypt your file.. many copies of the data in little chunks. Users of dropbox could move to something like this - around $7 per month for $1 TB.
2nd Weekly Twitter Space covering the Optimism Ecosystem: Quixotic NFT marketplace, Dapps, and more.
**Collect and own this episode as an NFT!
0.005 ETH mint, limited collection of 10 NFTs.
Proceeds are re-invested to grow the podcast and expand crypto education.
https://open.spotify.com/episode/2CVmRgSrvxXNvfyXlPsYp5
Crypto is how you program money. Money is how you program people.
The answer is incentives.
"Incentives motivate behavior."
The ecosystem needs developers to actually BUILD DAPPS on Optimism.
Why should a developer want to use Optimism as opposed to any other blockchain network?
Incentives to build on Optimism: the “Optimism Governance Fund” donates money to teams and projects that have built useful things for the community.
These useful projects are known as “public goods”.
The idea here is to reward those that contribute in positive ways.. incentivizing new developers to launch their dapps on Optimism.
Public Goods make people want to join an ecosystem. Science is and example of a public good that is valuable to society.
With retroactive public goods, whatever turns out to be the most valuable tends to be retroactively rewarded after proving its product-market fit. This is the opposite of traditional venture capital firms that go out to fund a bunch of different ideas without knowing for sure what will succeed.
***jrocki.eth ***- Twitter Spaces Co-host. supported Optimism during OptiPunks launch because of Public Goods Funding Infrastructure.
Mark, Co-Founder of Quixotic.io:
Mark was a software engineer at an ad-tech company. Later learned about ETH, Optimism, and the possibility to host projects on IPFS.
Participated in ETH global hackathon in 2021… involved with Feudals Ethereum community… worked on some various developments in Ethereum.
Looked at other Layer 1’s, saw the high cost of trading NFTs on L2. Saw Layer 2’s as the future. Wanted to build something and make something happen in the space.
Build / launch Quixotic.io
Currently building CryptoVania / Storyverse on IPFS
Even though the markets are down it feels like the builders are full-steam ahead.
On the Space, Mark raised the question: what do users need for adoption to increase?
One specific need was brought up: we need a decentralized app store / decentralized app platform.
For example, you don’t see substack app on the App Store. Why not? Because App Stores take too big of a cut due to policies around in app purchases etc. Effectively creates a roughly 30% markup on everything.
Browser apps are harder to block and shut down, however, performance and computation are more difficult in browser.
Huge opportunity for decentralized apps.
IPFS - communication and naming protocol. Similar to bittorrent, everyone can access files on IPFS thru peer to peer network.
With Brave Browser you can visit IPFS, similar to using http.
If no one is pinning the file, it might be really slow. So, you can pay someone in Filecoin or Pinata to pay the network to access the file, if no one pins it.
Warp speed bridge - standard protocol level bridge for optimism…Eth in escrow / burns the eth etc. Came out of a project called teleportal.
Storj - startup for decentralized storage. They encrypt your file.. many copies of the data in little chunks. Users of dropbox could move to something like this - around $7 per month for $1 TB.
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