Weekly Recommendations | Conversation with Wang Feng from Element; Behind the Popularity of Move Public Chain
This week's 11 recommended articles in the cryptocurrency industry.Organizer: Hu Tao, Chain Catcher
In mid-August, the NFT aggregation trading platform Element 2.0 officially launched, marking a significant shift and advance for Wang Feng into the Web3 space. At this important juncture, Chain Catcher invited Wang Feng for an exclusive interview, where he discussed his experiences and insights in entering the NFT industry, as well as the development path of Element. Wang Feng believes that although Element lags behind OpenSea in several data dimensions, the main difference lies in the timing of their launches, and he plans to surpass OpenSea in usability at the tool level while seeking new opportunities amidst changes.
Recently, Chain Catcher invited OneKey founder Wang Yishi for an in-depth conversation. During nearly three hours of dialogue, Wang Yishi introduced the security value of hardware wallets, market trends, and usage recommendations, while also sharing his entrepreneurial experiences in the crypto industry and his calm reflections on Chinese entrepreneurs going abroad, clarifying misconceptions from the Web2 industry.
Wang Yishi believes that hardware wallets are the last line of defense for crypto users, suitable for storing important cold assets. With improvements in user experience and cost, hardware wallets will become as ubiquitous as USB drives. He reminded entrepreneurs based on his own experiences that they should not get overly excited but focus on whether they are creating real value for users.
3. “Behind the PandaDAO Dissolution Proposal: Can Efficiency and Democracy Only Be Chosen One?”
On September 19, PandaDAO released a "Community Refund and Dissolution Proposal" on Snapshot. As of now, over 80% of community members support the proposal, and although the voting deadline has not yet arrived, it can be predicted that this organization, incubated by People DAO, which raised 1900 ETH and was once the largest DAO on Dework, will ultimately dissolve in less than a year. The impending dissolution of PandaDAO reflects the common governance issues faced by DAO organizations today.
4. “Vampirism, Migration, and Capital Landscape: The Rise of Move Public Chains”
Aptos and Sui not only share a similar investment matrix primarily composed of Solana's investors, but even the project teams, developers, and some employees are highly overlapping. Compared to the "organized" migration supporting the Rust language on Solana, another leading public chain supporting Rust, Polkadot, is also quietly undergoing deployment migration. Like Solana, many existing Polkadot projects are simultaneously developing and deploying multiple projects in the Aptos and Sui ecosystems.
Regarding the popular Move public chains Sui and Aptos, over 20 venture capital institutions, project teams, and developers from China and the U.S. will take you behind the scenes of their stories.
5. “Ethereum Roadmap: After the Merge, Rollup + Sharding is the Key to Scalability”
Ethereum has finally completed its consensus iteration from POW to POS. The merge is just one part of Ethereum's roadmap; so what does the roadmap look like afterward? Due to data availability, the merge will not bring any changes. That is, Ethereum will not scale, and the Layer 1 user experience remains the same. At this point, Rollup + Sharding have made changes in execution and data availability, enabling Ethereum's scalability.
6. “Messari: Ethereum Merge Successful, Key Q3 Data to Watch”
On September 15, 2022, the Ethereum protocol transitioned from proof of work to proof of stake, gaining widespread recognition in terms of development depth, decentralized finance ecology, and Web3 use cases. However, before entering the last quarter of 2022, there are still some key metrics and data that need attention. This article analyzes network performance, market indicators, Layer 2 analysis, DEX, NFTs, and more.
In addition to the concept of "modular execution layer" proposed by Fuel, more and more Layer 2 scaling solutions are beginning to propose more flexible execution layer solutions. For example, Boba Network recently introduced the concept of "multi-chain execution layer," building a multi-chain environment alongside EVM-compatible Layer 1 blockchains, and announced collaborations with L1s like Moonbeam, Fantom, and Avalanche.
Modularity is becoming one of the industry's cutting-edge trends, with many new projects emerging around execution layers, data availability, and more, which may lead blockchain user experience to new heights.
In the past year, many star applications have launched their own application chains or announced plans to deploy their own application chains. For high-growth projects, the direction of application chains is undoubtedly a foreseeable future. Some articles related to application chains even begin to predict that every popular Web3 application will eventually have its own blockchain. This article elaborates on the best use cases for application chains, the problems that need to be solved in building application chains, and entrepreneurial opportunities.
9. “Vitalik: DAOs are not Companies, Decentralization in Autonomous Organizations is Very Important”
Idealists of DAOs naively believe that the ideal of egalitarian decentralization can perform better; however, such attempts in traditional corporate sectors have at most achieved limited success. This article will argue why this stance is often incorrect and discuss its importance from three perspectives: decentralization is meant to make better decisions in convex environments, resistance to censorship, and credible fairness.
Why must there be multiple trustworthy computers shared by the world? Why can't these computers be interconnected using real TCP/IP, but need cross-chain communication protocols instead? What is the trust layer? How valuable is Web3's TCP/IP? And most importantly, among so many cross-chain protocol projects, which ones have a higher chance of success? This article answers these questions through analysis and reasoning based on underlying logic.
11. “Will the Move to Mobile Be a Breakthrough Opportunity for Web3?”
In the past five years, consumer-facing mobile applications have been the biggest driver of growth in the industry, which explains why Wyre and Moonpay are valued at $1.5 billion and $3.4 billion, respectively. They are key infrastructures for applications to penetrate retail users through small transactions (mainly via mobile devices). If cryptocurrency wants to break free from Peter Pan syndrome, it must reach out to ordinary people who do not want to care about private keys and protocols; unlocking the next trillions in value means understanding what people beyond Twitter want.
