Hey Jumpers,

I’m back from paternity leave, which means our Innovators Brief is back as well! My wife and I had our first kiddo, she's three months old now, and being a crypto dad is awesome.

For today’s brief I want to zoom out and look at the big picture.

What is the state of crypto and onchain applications?

The Big Picture for Crypto

We’re all familiar with the hype cycle chart.

This is the first one I’ve seen for crypto and it really put things into perspective.

Bitcoin is the first crypto product to make through all phases of the hype cycle. That’s a big deal. I would say it officially entered the plateau of productivity when the Bitcoin ETFs were approved earlier this year.

Layer 1s, stablecoins, DeFi and DePIN are all quickly finding strong product market fit.

A world filled with crypto powered products and onchain applications is just around the corner.

My current thesis is that AI is going to create massive use cases that only crypto and blockchain can solve. The faster AI grows, so goes crypto.

It’s good to be back writing and sharing insights myself and other Jumpers come across.

Kauffman 🫡

P.S.

I'm hosting a JUMP meetup at Permissionless in Salt Lake City on October 10.

Also, we recently launched a Telegram group to connect JUMP community members at leading web3 conferences across the globe. Just reply to this email and I’ll send you the invite link.