Old Fashion Research

作者：Nicole Cheng (Analyst of OFR) Advisor: JX (Partner of OFR)赛道现状随着多链生态的爆发，近半年来桥接以太的跨链协议上TVL也呈现出不断攀升的状态。然而，由于不同区块链系统之间存在不同通信协议、身份管理、共识机制及其他差异，跨链互通依旧面临着与经典的不可能三角相似的问题——即扩展性，安全性和去中心化程度。以下将根据这三个维度来衡量目前市面上的跨链桥，并探讨未来跨链桥的发展空间和可能性。探讨跨链桥的不同维度前，我们先来看下跨链桥的工作步骤和原理。资产成功的从源链转往目标链，通常要经历以下几个步骤：状态监控：通过预言机、验证器或中继器监控源链上状态，及时获取跨链请求。信息传递：一旦接收到跨链请求，从源链上将信息传递到另一条链（中间共识链或目标链）。达成共识：监控链的参与节点达成共识后将信息进一步传递到目标链。加密签名：参与节点对发送到目标链的信息进行加密签名。而依照工作原理，目前市面上的跨链桥大致可以分为以下两种：通过锁定原生资产，铸造和销毁映射资产完成跨链。从A链跨到B链时，A链上的资产被跨链协议锁定在其智能合约地址中，并...

Author: Mstone (Analyst of OFR), Nicole Cheng (Investment Manager of OFR) Advisor & Editor: JX (Partner of OFR) At the start of the year, Ryan Selkis wrote in his Messari 2022 Crypto Theses, “Of the various components in the Web3 hardware stack, decentralised storage is arguably the most robust.” Compared to the short-term services offered by IPFS and Sia, the report acknowledges Arweave as a key player in the long-term blockchain storage sector. So how exactly does Arweave come to carry the ...

作者：Nicole Cheng (Investment Manager of OFR), Mstone (Analyst of OFR) Advisor: JX (Partner of OFR) 新年伊始，Ryan Selkis 在Messari 2022 论文中写道：”在 Web3 硬件堆栈的各种组件中，去中心化存储可以说是最强大的。”与 IPFS 和 Sia 提供的短期服务相比，该报告承认 Arweave 是长期区块链存储的关键参与者。那么Arweave究竟如何来扛起存储板块的重任呢？永久存储Arweave是一个区块网络，其目标是为数据实现去中心化的永久存储。一次付费，终生使用也解决了用户需要不断订阅的繁琐过程。Arweave承诺可以为用户提供至少200年的存储服务，并且伴随着每年存储成本的下降，这一目标变得更越来越清晰。 为什么需要永久储存？ 早在Web3.0之前，人们就已经探索到数据的永久存储是一件很重要的事情。现如今，用户是否还能访问10年前的某个URL地址或是浏览和下载存储在中心化服务器上的数据呢？在加密世界中，动辄数千万美金的NFT作品，存储在传统的中心化服务器中，...

Author: Otto Verstl (Analyst of OFR) 0n1 Force launched in August 2021 and was one of the most hyped collections from the start, shooting for a floor-price of 7 to 8 ETH. But poor decisions by the team led to supporters abandoning the project and thus a slow decrease in price and volume. All-time development of sales by 0n1 Force, OpenseaOn1 Force is an anime-inspired collection, featuring 7,777 unique avatars in the form of side-profile pictures with 100 hand-drawn attributes created by IMCM...

Tons of articles have discussed the Axie Infinity fever, but few have dug deeper enough in a scientific manner. Thus I wrote the first report about Axie covering its in-game economic system from a data-driven perspective. Any feedback is appreciated. https://drive.google.com/file/d/1ip3H6lE6gsT3I-3JinYDcWJxawMQd7tr/view The Axie's economic flywheel is currently driven by two core gameplays: Battle and Breeding. The value chain formed a closed-loop from inflow to outflow.2Taking the battl...

Author: Otto Verstl (Analyst of OFR) The Ethereum Name Service (ENS) recorded over 2.800 ETH in daily volume in the beginning of May. Floor-prices exploded for three-and four-digit ENS-domains and also the accompanying governance-token almost doubled in this timespan to a market capitalization of 450 million USD. Why did ENS take off recently and what is behind it? What is ENS? ENS is a naming service, which converts the 42 characters of an ethereum-address into a readable text-string, simila...

Before the AR's huge price pump in early Nov, the protocol's revenue saw a 1200%+ increase since the first week of Sep which was mainly contributed by the surging demand of minting NFTs on the Solana blockchain.It is worth strengthening that with the SOLAR Bridge built last December, Solana‘s blockchain data would be stored on the Arweave seamlessly instead of relying on replicators. From the graph, we can also clearly see the correlation between the price of Sol and AR also increas...

May 26, 2022 — Old Fashion Research (OFR), www.ofr.asia, a multi-strategy blockchain investment fund, has completed its first close with the support from notable limited partners. OFR Group was founded in late 2021 by former Binance senior executives. Largely operating in stealth mode, OFR invested in over 50 blockchain projects, building a diversified portfolio across blockchain ecosystems and geographic markets. It has backed projects such as WOO Network, a trading platform featuring deep l...

在 11 月初 AR 价格暴涨之前，该协议的收入自 9 月第一周以来增长了 1200% 以上，这主要由在 Solana 链上铸造 NFT 的需求激增所致。需要强调的是，随着去年 12 月 SOLAR 桥的建立，Solana 的区块链数据将无缝存储在 Arweave 上，而不再依赖复制器（replicators）。从图中我们也可以清楚地看到 SOL 与 AR 之间的价格相关性也增加了。此外，6 月推出的 Metaplex，一个以 Arweave 作为默认存储层帮助 NFT 发行的工具，促进了人们在 NFT Summer 购买 AR，从而收紧了价格相关性。（见上图） 验证 JPEG Summer 对 Arweave 生态系统贡献的另一个维度如下图所示。Arweave 的总收入与在 Metaplex 上铸造的 NFT 数量高度相关。Arweave 的价值主张：综上所述，我们可以总结出 Arweave 作为 NFT 存储的 Web3 基础设施的叙事，或者有人说它是 NFT 的「公链」。 不仅如此，Amber Group 的报告还显示，Arweave 的盈利能力远高于其他存储协议。Arwe...

Author: @bigfatpenguinQ (Analyst of OFR) Advisor & Editor: JX (Partner of OFR), Alex (Investor at OFR)Key takeaway:Unlike Axie Infinity and its clones, Thetan Arena added more internal scenarios for the consumption of its native reward token-$THC to hedge the inflation generated as rewards to users.Thetan Arena attracts people not only by its P2E model but the intense gameplay which will trap users inside the ecosystem. The more players it gets the more value the $THG token will capture since...