2> the difficulty for traders lies in derermining what the current mis-pricings are (d: what is the solution to that problem?)

3> five trends:

3-1> devs go from web2 to web 3

• infrastructure most overlooked vertical: infura/POKT

  • d: POKT: 650m supply, no listing, otc only

  • d: infura: currently subscription model, from free individual a/c to $1000 per month (not sure IPO/Token)

  3-2> sustained prominance of multi-chain defi (Cosmos/IBC mentioned)

• AVAX/SOL/Luna will not repeat demise of EOS as more things users can do.

  • avax is the strongest EVM chain, strong team in BD>>user adoption

  • Sol: FTX network/SBF as advisor/Pyth Network (solana oracle)

  • terra/luna: 10b issuance but already good partnership within Cosmos/IBC eco/only bet can be played on stable coin growth and evm at the same time.

  • Cosmos eco is the most mis-understood. already modular design from begining as ETH eco just start to warm up to modular architecture.

  • Ansem: fav bet on L1 is Terra Luna

  3-3> modular architecture actualising

• fav modular project in ETH eco: Celestia

  • Celestia: data availability layer for ethereum. (d: twitter 18k/discor 5k, not sure about token)

  3-4> emergence of many p2e

• web3 v web2: no product being sold anymore (d: business model irrelavant) but network of participants being rewarded for their activities/contributions.

• fav project: Defi Kingdoms - defi+NFT+multichain collaboration (discord: 11k online/53k member. warning: Kingdoms runs on Harmony One network, which the author may be working on. so some conflict of interests. / Harmony $ONE: FDV 3.8b, on Binance vol 123m per last 24h)

• d: Defi Kingdoms: token = $jewel/FDV 9.5b. $Jewel is the governance token/$ONE is the gas.

  3-5> more players entering metaverse

Portfolio discussion:

• Near protocol: strong team/both user and developer focus/$800m eco-fund

• Aurora engine: evm on Near

• Octopus network: collection of smart contracts on Near to create inter-operable eco of specialised appchain (d: whatever tf that means)/structure to parachains in Polka but less expensive, also IBC compatible

• defi kingdoms: current apr for LP 400-600%/ 30% of trading fees to $jewel staking

• POKT: see above

• AR: market consolidating since last may, maybe accumulating stage

• Lido: multichain staking. not many players in this field yet

• Aleph.im: decentralised distributed cloud platform. partnership with Ubisoft

• ATOM

• LUNA

• Secret Network: programmable privacy/low cap/Shade Protocol for Defi and Stash Network for NFT.

• Aragon/$ANT: DAO tooling

Others

• BTC: dominance as a key indicator for risk on'/off in the market/still holds value for longterm

• ETH: not a great play for trades/large cap/holding L2s may be a better choice/ETH is not optimised for modular structure./maybe evovling to a pure settlement layer, which leads to value retained by L2s and dapps.

• Other things Ansem is looking at:

Curve Wars: CVX / CRV / YFI / BTRFLY SYS+MUTE Spell & MIM + Sushi FXS INV GMX / dYdX / PERP / MNGO / Drift Protocol DPX / RBN / PsyOptions Dusk Metis Magic (TreasureNFT) Ninja on Sol Levana Protocol