Holiday Reading Recommendations | Why Decentralized Social Networks Are a Historical Trend; A Conversation with Haseeb, Partner at Dragonfly Capital
Recommendations for 10 Exciting Articles in the Cryptocurrency Industry Recently.Organizer: Hu Tao, Chain Catcher
Every generation of the internet has inspired innovative and native ways for netizens to share information, but it also has its own flaws. This article will analyze the opportunities and dilemmas of Web1 and Web2 respectively, to argue that the emergence of decentralized social networks is inevitable, and that the Web3 revolution is cultural, financial, and social, with its impact permeating every corner of cyberspace.
From a new financial system to new cultural symbols, and to labor organization, the Web3 revolution is here. The prerequisite is to establish an open, transparent, and fair public forum and information market for Web3 citizens who yearn for freedom and autonomy, free from political interference. Now, the latest phase of this revolution is decentralized social networks.
On April 27, Ethereum scaling solution Optimism officially announced the issuance of the OP token, while revealing its tokenomics and governance mechanism, launching a large-scale experiment in decentralized governance called Optimism Collective. It is reported that the initial total supply of OP tokens is 4,294,967,296, with 19% allocated for airdrops, and over 260,000 addresses meeting the airdrop criteria. This article provides a detailed introduction to the project's tokenomics, governance mechanism, distribution mechanism, and airdrop conditions based on official documentation from Optimism.
3. “The Web3 Revolution: Escape, Faith, and Great Migration”
From executives at large companies to young professionals, the Web3 industry is continuously attracting talent from the internet. In the first 20 years of the 21st century, the internet may have been the most friendly industry for the majority of young people in China, although people now often complain about its various issues. As a new generation of the internet, with rich products, high valuations, and a large user base… these elements inevitably remind people of the internet around the year 2000, during its wild and untamed era.
EVM equivalence helps the Ethereum Layer 2 Rollup ecosystem evolve into a highly adaptive and responsive layer, unlocking the next phase of Ethereum. The DeFi Summer of 2020 tested Ethereum's scalability limits. Since then, the network effects of EVM have diverged into many different directions. New L1s, and even many L2s, have broken the EVM standard to overcome performance bottlenecks. However, the era of EVM equivalence has now arrived, and a new Cambrian explosion of innovation is about to unfold, which we only need EVM equivalence to unlock.
5. “Overview of Web3 Social Track: Which Early Projects are Worth Watching?”
Many Web3 native projects are now exploring the transformation of social network models, establishing new Web3 social networks based on open social graphs, NFTs, or token economic models. This article will introduce nine representative projects, including Lens Protocol, Bluesky, DeSo, Mem Protocol, Cyberconnect, Atem Network, BBS Network, 5Degrees, and NFTychat.
6. “Hardcore Interpretation: Why is Zero-Knowledge Proof (ZK) Important?”
The prospects of ZK are promising, as it can turn some previously impossible things into reality. In recent years, there have been many groundbreaking advancements in the ZK field, such as stronger performance, upgradability, and trustless initialization. These improvements have pushed ZK into the application phase. This article will introduce readers to what zero-knowledge proofs are and why they are so important in an easy-to-understand manner.
Following the UK's declaration to become a global center for crypto asset technology, French President Macron recently also made it clear that he will focus on Web3, Crypto, and the Metaverse, playing a core role. Key points include: I want to ensure that European players master the technological components related to Web3 and the Metaverse to avoid reliance on American or Chinese giants; I do not believe in self-regulating financial sectors, as they are neither sustainable nor democratic; I hope our major cultural institutions will formulate NFT policies, such as promoting, disseminating, and protecting digital twins or their physical collections.
8. “Dialogue with Dragonfly Capital Partner Haseeb: Most DAOs are Neither Decentralized Nor Autonomous”
Dragonfly Capital is a crypto asset investment firm with over $2 billion in assets under management, and its managing partner Haseeb wears many hats. In a recent interview, Haseeb shared his views on the current state of investment and DAOs, as well as the so-called "pirate founders," while stating that "when anything in cryptocurrency becomes mainstream, the fidelity becomes very low."
9. “Otherside NFT Sales Create Multiple Historical Records, What Details are Worth Noting?”
As Otherside NFT sales began publicly on May 1 at 9 AM Beijing time, the entire crypto industry was ignited, with sales exceeding $300 million, and the ETH consumed as gas fees reaching $170 million, marking another historic moment for the NFT industry.
10. “Earn While You Run: Running into Web3.0?”
"Exercise + Earning + Web3" as a phenomenon is a great case of "Wei-style dissipative theory: meme + structure." In this article, Xiao Pao and Professor Wang Wei conduct an in-depth case analysis of StepN, discussing topics including analyzing StepN's "meme" and "structure" using "Wei-style dissipative theory"; is StepN a Web3 product or a Web2 product integrated with a token economic model? What is the "positive and negative feedback balance structure"?
