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February 7, 2025

Summary

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.

65

Summary

In Roundtable 5 we go in depth comparing Decentraland with Second Life. We go into how and why Second Life came into a billion dollar in volume. What's missing in Decentraland to make a multi billion dollar market place as well. We also discuss how to properly hold a metaverse conference where the experience in the metaverse wouldn't be possible in real life. We also discuss audio and video capabilities support in Decentraland. Finally, the never ending wearables debate continues.

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64

Summary

We gather for another roundtable number four. The usual suspects return as we debrief from our previous discussion of the LAO. A way to govern the DAO funds in Decentraland is one of the more polarizing discussions to have. Sustainability seems to be the most intuitive way to govern the funds but a for profit DAO does come with consequences. In another discussion point, how do you determine the best metaverse? Who becomes liable when a deployment is considered detrimental to society? Who has the responsibility to throttle content? Finally, we discuss what Decentraland should be prioritizing in the short term.

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63

Summary

We just recently discovered the LAO in our quest to govern DAO funds currently in Decentraland. In today's discussion with bring in Pri Desai from Openlaw.io to speak with us about their upcoming launch of the LAO which is a member directed venture capital crowd fund for accredited investors. In this fund anyone can propose their project and allow 100 members of the LAO to vote to fund your project. We open the discussion with the relationship between OpenLaw and the LAO and the inspiration for the LAO. Our discussion includes how a blockchain community can improve with a for profit venture backing it. One of our main attractions to the LAO is that it provides a mechanism for sustainable growth of a pool of funds.

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62

Summary

In the 3rd installment of the Decentraland Roundtable, we bring new faces into the discussion inlcuding Baus from Decentral Games and Daniel from PolygonalMind. In today's roundtable our topic around the social features of Decentraland are being improved and how this will help retain new players. We brainstorm ways to improve that retention and what the collective community can do to help. Another important topic is whether or not to make wearable creation a free market minting process or one where you apply for a whitelist. Many other metaverses allow for a seamless onboarding process whereas Decentraland requires you to have a metamask. Is eliminating the wallet requirement good enough to bring in more people? With new voices in today's discussion, the DAO still has many ways it could be implemented. We discuss a few ways we can align the growth of Decentraland with the voters that influence the direction of the metaverse.

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61

Summary

In the second installment of the roundtable series the collective group discusses the latest developments within Decentraland. The group discusses the most efficient way of bringing the masses into Decentraland. One path is to focus on developers to create new experiences. Decentraland being the platform can facilitate unique experiences if the focus is to onboard developers. We bring up the LAO and maybe have the DAO focused on replenishing their reserves will align the incentives for all parties involved. With the Foundation forming, we're getting a more transparent look as to what the team is building and better communication with the community. At the end, we take a look at the proposal for creating wearables and authorizing collections.

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