Weekend Recommended Reading | Detailed Explanation of the Five Major Multi-Chain Architecture Features; ByteDance Angel Investor Tim Gong Talks About Web3
This week's 8 recommended articles on the cryptocurrency industry.Organizer: Gu Yu, Chain Catcher
For a long time, scalability has been a widely discussed topic in the field. A popular viewpoint has emerged—establishing dedicated execution environments or even finality tools for specific applications or use cases. In recent weeks, more L1/L2 blockchains have announced architectural adjustments, providing out-of-the-box infrastructure for blockchains tailored to specific applications, reigniting related discussions.
This article examines various forms of architecture developed in pursuit of this vision and compares their trade-offs in shared consensus, capacity, and interoperability. Specifically, it includes five multi-chain architectures: Polkadot, Cosmos, Avalanche, Polygon Supernets, and Binance BAS.
Recently, SIG announced it would lead a new round of $40 million for ByteTrade, a software platform for Web3 information applications based in Singapore. Surprisingly, Tim Gong, founding partner of SIG China, directly took on the role of chairman of the company. Tim Gong has a background in physics, graduated from Shanghai Jiao Tong University, and obtained a Ph.D. in Electrical Engineering from Princeton University. In the eyes of many investment banks, SIG became famous as an early investor in ByteDance. Moreover, SIG has invested in over 260 companies, including Musical.ly, Agora, Flash Express, Banyu, WM Motor, Himalaya, and Yitiao, with a total investment exceeding $4 billion. Today, the wave of Web3 is unstoppable; how do traditional venture capital firms view this emerging phenomenon, and why is Tim Gong supporting a Web3 project that is not well-known to us?
3. “The Arrogance of Crypto Elites: A Deep Critique of the Seven Deadly Sins of DAO”
DAO may seem like a beautiful concept, but the ambiguity of the concept and the intentions of capital create a high probability of falling from a beautiful vision into a new tool for capital games. This article first critiques DAO on four levels and then analyzes how the seven deadly sins of human nature are vividly reflected in the development and construction of DAO. It describes the seven major sins of DAO in order from severe (root) to light (superficial). Finally, it deeply analyzes the power structure of DAO. At the end of the article, the author expresses concerns about DAO and its future possibilities.
As the empowerment of NFTs continues to grow, the application of NFTFi should not be limited to the main body of NFTs. In the foreseeable future, NFTFi is likely to focus on the extended application of empowerment and rights transfer, which is the most anticipated aspect. This article details dozens of NFT projects, including BendDAO, Genie, NFTX, and Abacus, by listing pain points in the NFT market across several categories such as NFT lending, NFT liquidity solutions, NFT aggregators, NFT special pricing mechanisms and oracles, NFT derivatives, and NFT automated market makers.
5. “The Carbon Credit Tokenization Track is Heating Up: Which Early Projects are Worth Watching?”
Many early-stage crypto projects are attempting to tokenize traditional carbon credits, using blockchain technology to transform carbon credit quotas into divisible, easily tradable, and transparently structured tokens to address issues in the carbon market. This article briefly introduces seven representative projects, including Flowcarbon, Klima DAO, Nori, JustCarbon, Toucan Protocol, Coorest, Powerledger, and Moss Earth.
6. “How Do Venture Capital Firms Value Crypto Startups?”
Venture capital firms have valued crypto startups Blockchain.com, OpenSea, and Yuga Labs at $14 billion, $13.3 billion, and $4 billion, respectively. However, with the volatility in the cryptocurrency market, observers wonder if these high valuations have become a thing of the past. In this article, Kurzweil and Tushar Jain, co-founders and managing partners of Multicoin Capital, along with Ravi Mhatre, founder and managing director of Lightspeed Venture Partners, explain how they assess crypto startups amid market turbulence.
7. “In-Depth Study: How to Design a Token Economics Framework?”
The token economic models emerging from this bear market will be more creative, thoughtful, and revolutionary than any models seen so far. Founders and token designers can focus on building prosperous economies rather than applications, with these economies featuring vibrant domestic activities and active international trade.
8. “How Will Ethereum Change: Understanding the Merge, Scalability, and the L2 Battle”
Although Ethereum's merge has been delayed, it is expected to achieve the end of the POW mechanism by the end of 2022. Meanwhile, L2 projects are gearing up, with several projects about to launch tokens, which is likely to attract a wave of new users and capital. The road to Ethereum's upgrade is long, but it will ultimately impact the landscape of public chains.
