We break down the state of the Meme economy and make comparisons to what we saw in the 2021 bull cycle. Memes on Solana have strong parallels to the NFT market on Ethereum from last cycle, especially when you compare revenue figures of the top marketplaces like pump.fun to Opensea. We give our thoughts on where we are on the timeline of meme mania and speak about the impacts memes are having on the broader crypto market. This includes methods of launching new projects by leveraging memes as a more user friendly go to market vehicle to onboard community and then adding complexity layers down the road to not off-put sentiment.
Also, when it comes to marketing narratives memes seem to be dominating the mind share so we discuss how we are approaching $NAT from a marketing perspective. Now that $NAT is weeks away from officially becoming Bitcoin’s second subsidy reward coin, how we classify this new coin is important for public perception. Some do not see $NAT as a candidate to fit within the existing market demographic of memes and rather see a new narrative formed around the coin that distinguishes it from the meme asset class due to its technical provenance to DMT and the broader mission of supplying Bitcoin miners with additional subsidy to sustain network security. We discuss our thoughts on this and also the liquidity dilemma when it comes to supporting Bitcoin assets. All sectors of the Bitcoin ecosystem are facing this problem and are actively working toward building solutions that can either bring more liquidity to Bitcoin from other chains or port Bitcoin native assets to other chains like Solana to benefit from those capital markets.
If you haven't been paying attention to what types of projects most of the volume is going towards, you might be missing what could cause a trillion dollar crypto market. With several billions locked up in the DeFi ecosystem, this sector of the crypto space is on its way of catapulting the general industry into the trillion dollar range. We begin the discussion with how we predicted that DeFi would fuel the next exponential expansion of the crypto industry in late 2019.
With the sudden pump in Mana, you would think this would be a good thing. We go into the inside details of running a business thats based completely in cryptocurrency and the ramifications of volatile pricing. Decisions need to be made and consequences are felt. How does a small business adjust to unpredictable pricing? How do we build a platform that many creators use and depend on that is reliable. Cultivating a platform with razor thin margin of error keeps us awake at night, maybe the community can provide some input here with some suggestions. In addition, we explore expanding MetaZone's offering to encompass the larger game development community.
On today's podcast we interview the CEO of Liquidity.Network to discuss GAS fees and solutions to the scalability problem. Arthur Gervais breaks down how Ethereum has a bottle neck and how many other blockchains suffer from the same inherent problem. Arthur helps understand why Ethereum can only handle a handful of transactions per second. What are the implications of a sidechain versus an off chain transaction. He also explains how Liquidity Network is able to achieve gasless transactions and what it could do for dapp developers like us. The onbaording process is an important aspect to get correct and we get into the details on how that works for any developer looking to reduce gas fees. Finally, we ask what its like to develop in both bull and bear markets and the differences between each.
We debrief from last week's discussion on how the stock market is in a huge bubble. Except the next day after recording our previous podcast, Bitcoin takes off and reaches the 2020 all time high. So this week we discuss if the possibility of Bitcoin becoming a true store of value during these uncertain times becomes a reality. Open world gaming always have a common thread in the grind mechanism. We discuss how and why this mechanism is needed in Decentraland and ways it could occur. One of the many ways is implementing consumables through ERC1155 NFTs. These tokens can serve to kickstart an economy within a game world and necessary to improve the daily active users. Finally, conspiracy theories are mostly a commentary on how fragile the human mind can be.
2020 has been a record year in many fronts. One of the more unescapable aspects staring us in the face is our diminishing economic model. The United States is pumping trillions of dollars into the economy and we wonder the impact of this diminishing effects on Bitcoin. Is a doom scenario necessary to catapult the value of Bitcoin? We also discuss the outcome of the Crypto World Cup as well as the Decentraland announcement that they're partnering with Samsung crypto wallet. Major Corona Zombies updates with some additional gameplay. Ethermon digital pet game launced an event and has had over 420 unique addresses participate!