Author: FL Research Team SocialFi is currently the hottest term on the market. SocialFi is literally a combination of Social+Finance. Social refers to a decentralized situation, while Fi is a social token system added for social behavior management and incentive, thus naturally forming a combination of social and financial.1. Why do we need SocialFi?1.1 People have dissatisfaction with Web 2.0 social platformsYouTube, Tiktok, and other video platforms not only have video resources purchased b...

Author: FL Research Team SocialFi is currently the hottest term on the market. SocialFi is literally a combination of Social+Finance. Social refers to a decentralized situation, while Fi is a social token system added for social behavior management and incentive, thus naturally forming a combination of social and financial.1. Why do we need SocialFi?1.1 People have dissatisfaction with Web 2.0 social platformsYouTube, Tiktok, and other video platforms not only have video resources purchased b...

Fundamental Insights#1 ZK HardwareIn the last week, we released a research paper about opportunities in zero-knowledge industry. Customized chips for ZK mining would be a huge opportunity. This week, Paradigm released a blog about hardware acceleration for zero-knowledge proofs. Let's continue the discussion on ZK chips. We are optimistic about ZK chips because we believe most transactions that happened on Ethereum will happen on layer2. More users and transactions on layer2 mean more va...

Fundamental Insights#1 ZK HardwareIn the last week, we released a research paper about opportunities in zero-knowledge industry. Customized chips for ZK mining would be a huge opportunity. This week, Paradigm released a blog about hardware acceleration for zero-knowledge proofs. Let's continue the discussion on ZK chips. We are optimistic about ZK chips because we believe most transactions that happened on Ethereum will happen on layer2. More users and transactions on layer2 mean more va...

Intuition about ZKOne sentence for ZK: ZK is a way for a prover to convince a verifier that some statement is true but reveals no additional information except that the statement is true. ZK is designed for anonymity. Imagine that we can prove we have a valid ID without verifiers knowing our real name or ID. Here is a more vivid example. Alice and Bob are playing Sudoku. Alice would like to show Bob that she found the answer. However, she did not want to reveal any information about the answe...

Intuition about ZKOne sentence for ZK: ZK is a way for a prover to convince a verifier that some statement is true but reveals no additional information except that the statement is true. ZK is designed for anonymity. Imagine that we can prove we have a valid ID without verifiers knowing our real name or ID. Here is a more vivid example. Alice and Bob are playing Sudoku. Alice would like to show Bob that she found the answer. However, she did not want to reveal any information about the answe...

Fundamental Insights#1 Potential Opportunity in ZK IndustrySince all Layer2 use the same base layer, it would be safer to construct cross-layer2 apps. For example, aggregate the fragmented liquidity between layer2. Starkware proposes dAMM to solve this. dAMM allows layer1 LPs to expose to layer2 traders.dAMM (distributed AMM). A Cross-L2 AMMDevelopment kit to help developers quickly construct app-specific layer2. This may look like Cosmos SDK and Substrate from Polkadot. The idea is that if a...

Fundamental Insights#1 Potential Opportunity in ZK IndustrySince all Layer2 use the same base layer, it would be safer to construct cross-layer2 apps. For example, aggregate the fragmented liquidity between layer2. Starkware proposes dAMM to solve this. dAMM allows layer1 LPs to expose to layer2 traders.dAMM (distributed AMM). A Cross-L2 AMMDevelopment kit to help developers quickly construct app-specific layer2. This may look like Cosmos SDK and Substrate from Polkadot. The idea is that if a...

Author: Zoe & FL Research Team Will the emergence of Web3 mark the subversion of the creator economy in the centralized and advertising-based Web2? We try to first briefly describe the business model and core pain points of creators on mainstream Web2 platforms, and then prove that the arrival of Web3 will be a golden era for the creators. We hope that in the near future the technology based on Web3 will create new business and economic opportunities as a new golden era of creation.1 Tracing ...

Author: Zoe & FL Research Team Will the emergence of Web3 mark the subversion of the creator economy in the centralized and advertising-based Web2? We try to first briefly describe the business model and core pain points of creators on mainstream Web2 platforms, and then prove that the arrival of Web3 will be a golden era for the creators. We hope that in the near future the technology based on Web3 will create new business and economic opportunities as a new golden era of creation.1 Tracing ...

Fundamental Insights#1 Zero-Knowledge ApplicationZK is applicable in recent years. The two main thesis of ZK is rollup which improves computation efficiency and privacy. For the private thesis, it is intuitive since ZK shares no knowledge with the verifier except the statement itself. The rollup thesis heavily relies on two characteristics of ZK: succinct and recursion. Succinct characteristic helps verifiers save lots of computation resources instead of rerunning the whole program. Recursion...

Fundamental Insights#1 Zero-Knowledge ApplicationZK is applicable in recent years. The two main thesis of ZK is rollup which improves computation efficiency and privacy. For the private thesis, it is intuitive since ZK shares no knowledge with the verifier except the statement itself. The rollup thesis heavily relies on two characteristics of ZK: succinct and recursion. Succinct characteristic helps verifiers save lots of computation resources instead of rerunning the whole program. Recursion...

According to Nonfungible.com, NFTtrading volume has reached $17.6 billion untill 2021, a 21,000% increase from that of 82 million in 2020. More than 2.5 million crypto wallets in 2021 belong to those who hold or trade NFTs, while there was only around 89,000 a year ago. The number of buyers rose from 2.3 million to 7.5 million. Although the NFT market is progressing rapidly in 2021, at present, the total trading volume of the NFT market is only 20 billion US dollars. The 24-hour trading volum...

According to Nonfungible.com, NFTtrading volume has reached $17.6 billion untill 2021, a 21,000% increase from that of 82 million in 2020. More than 2.5 million crypto wallets in 2021 belong to those who hold or trade NFTs, while there was only around 89,000 a year ago. The number of buyers rose from 2.3 million to 7.5 million. Although the NFT market is progressing rapidly in 2021, at present, the total trading volume of the NFT market is only 20 billion US dollars. The 24-hour trading volum...