2022 is ending. This is the time where many VC’s / institutions come up with a YoY reviews or insights on what they’re looking at in the space for 2023.
If you want to know what they’re looking at, I summarized some reports from key players in the industry.
Part 1 🧵 below:
If you want to know what they’re looking at, I summarized some reports from key players in the industry.
Part 1 🧵 below:
1/
• @HashKey_Capital’s 2022 DeFi Ecosystem Report (bit.ly)
✍️: @henriquecentiei, Jupiter Zheng, Scarlett Xiao
• @HashKey_Capital’s 2022 DeFi Ecosystem Report (bit.ly)
✍️: @henriquecentiei, Jupiter Zheng, Scarlett Xiao
2/
1️⃣ Reasons on being bullish DeFi:
→ mass adoption
→ enabling Web3 financial interactions
→ fast track for innovation
→ unprecedented network effects via connectivity/scalability
1️⃣ Reasons on being bullish DeFi:
→ mass adoption
→ enabling Web3 financial interactions
→ fast track for innovation
→ unprecedented network effects via connectivity/scalability
3/
2️⃣ What needs to happen for DeFi?
→ Better user experience (UX) for adoption especially wallets
→ Institutional adoption while complying to regulations
→ Unlocking liquidity from NFTs via NFT-Fi
→ 2023 Macro to improve
2️⃣ What needs to happen for DeFi?
→ Better user experience (UX) for adoption especially wallets
→ Institutional adoption while complying to regulations
→ Unlocking liquidity from NFTs via NFT-Fi
→ 2023 Macro to improve
4/
3️⃣ Topics Covered:
→Recursiveness between DeFi Activity and ETH price
→DeFi revenue streams
→Lending markets for retail and institutions including NFT lending platforms
→Defi Stablecoins
→Options, Insurance and Permissioned DeFi for Institutions leading DeFi Summer 2.0
3️⃣ Topics Covered:
→Recursiveness between DeFi Activity and ETH price
→DeFi revenue streams
→Lending markets for retail and institutions including NFT lending platforms
→Defi Stablecoins
→Options, Insurance and Permissioned DeFi for Institutions leading DeFi Summer 2.0
5/
• @a16z’s Big Ideas in 2023
(a16zcrypto.com)
✍️: @NoahCitron, @lera_banda, @moodlezoup, @josephbonneau, @carrawu, @blauyourmind, @guywuolletjr
• @a16z’s Big Ideas in 2023
(a16zcrypto.com)
✍️: @NoahCitron, @lera_banda, @moodlezoup, @josephbonneau, @carrawu, @blauyourmind, @guywuolletjr
6/
1️⃣ Blockchain on Mobile due to accessibility
→ using light clients to run nodes for decentralization and privacy
→ mentions Helios (Rust-based Ethereum light client), Kevlar (light client utilizing Light Sync and Optimistic Sync) and Nimbus light client.
1️⃣ Blockchain on Mobile due to accessibility
→ using light clients to run nodes for decentralization and privacy
→ mentions Helios (Rust-based Ethereum light client), Kevlar (light client utilizing Light Sync and Optimistic Sync) and Nimbus light client.
7/
2️⃣ Zero-knowledge proof (zkp) development
→ to find a balance between prover efficiency, proof succinctness and trusted setups
→ ECDSA signature improvements
→ developer onboarding for zk with the rise of languages such as Noir and Leo
2️⃣ Zero-knowledge proof (zkp) development
→ to find a balance between prover efficiency, proof succinctness and trusted setups
→ ECDSA signature improvements
→ developer onboarding for zk with the rise of languages such as Noir and Leo
8/
3️⃣ Verifiable Delay Functions (VDF) hardware
→ deployment of reliable and efficient VDF hardwares capable of handling attacks
A video explainer on VDFs
youtube.com
3️⃣ Verifiable Delay Functions (VDF) hardware
→ deployment of reliable and efficient VDF hardwares capable of handling attacks
A video explainer on VDFs
youtube.com
9/
4️⃣ GameFi & AR
→ Decentralized gaming infrastructure where everything is onchain and censorship-resistant
→ Overcoming regular constraints such as storage, while remaining executable
4️⃣ GameFi & AR
→ Decentralized gaming infrastructure where everything is onchain and censorship-resistant
→ Overcoming regular constraints such as storage, while remaining executable
10/
5️⃣ Non-Transferable Tokens / Soulbound Tokens
→ Decentralized identities with verifiable credentials, paving the way for protocols to leverage these assets
→ Incorporating them with tickets, digital/physical items, reputations etc.
5️⃣ Non-Transferable Tokens / Soulbound Tokens
→ Decentralized identities with verifiable credentials, paving the way for protocols to leverage these assets
→ Incorporating them with tickets, digital/physical items, reputations etc.
11/
6️⃣ Decentralized Energy
→ Using microgrids, storage and transmission networks to overcome centralization and high upfront capital for power grids
→ Renewable energy certificates and carbon credits on-chain markets
6️⃣ Decentralized Energy
→ Using microgrids, storage and transmission networks to overcome centralization and high upfront capital for power grids
→ Renewable energy certificates and carbon credits on-chain markets
14/
2️⃣ Adoption of zero-knowledge
→ zk allows for privacy due to its technology, also scalability thanks to zkp being lightweight
→ Mentions @SuccinctLabs, @RiscZero and @EspressoSys who are utilizing zkp
→ Looking forward on how zkp integrates with identity and bridges
2️⃣ Adoption of zero-knowledge
→ zk allows for privacy due to its technology, also scalability thanks to zkp being lightweight
→ Mentions @SuccinctLabs, @RiscZero and @EspressoSys who are utilizing zkp
→ Looking forward on how zkp integrates with identity and bridges
15/
3️⃣ Real-world-assets (RWAs) onchain
→ Expects growth in flashloans and real estate
→ Will see regulation compliant TradFi institutions bringing RWA into the space
3️⃣ Real-world-assets (RWAs) onchain
→ Expects growth in flashloans and real estate
→ Will see regulation compliant TradFi institutions bringing RWA into the space
16/
4️⃣ Blockchain data
→ Mentions there are still inefficiencies on blockchain data and expects development on tools/projects leveraging this
→ @nansen_ai, @nxyzdata and @DefinitiveIO were mentioned being key players in providing insights and utility
4️⃣ Blockchain data
→ Mentions there are still inefficiencies on blockchain data and expects development on tools/projects leveraging this
→ @nansen_ai, @nxyzdata and @DefinitiveIO were mentioned being key players in providing insights and utility
17/
5️⃣ Developer tooling integration
→ Vital to provide developers with composable tools to increase development efficiency (especially cross-chain tools)
→ @AlchemyPlatform and @TenderlyApp played a big part in supporting developers
5️⃣ Developer tooling integration
→ Vital to provide developers with composable tools to increase development efficiency (especially cross-chain tools)
→ @AlchemyPlatform and @TenderlyApp played a big part in supporting developers
18/
6️⃣ NFTs
→ Bullish on utility NFTs (in-game, identity, token-gated communities, software and events)
→ Focusing on fan engagement, traditional companies like Tiffany and Nike leading the way
→ Mentions @proof_xyz and their innovation and Vitalik’s idea on soulbound tokens
6️⃣ NFTs
→ Bullish on utility NFTs (in-game, identity, token-gated communities, software and events)
→ Focusing on fan engagement, traditional companies like Tiffany and Nike leading the way
→ Mentions @proof_xyz and their innovation and Vitalik’s idea on soulbound tokens
19/
My personal thoughts:
▶️ Institutions will bring money flow to web3 once they have clear regulations on how to proceed. We will likely see an increase on projects focused on this sector enabling web2 > web2.5/3 transitions.
My personal thoughts:
▶️ Institutions will bring money flow to web3 once they have clear regulations on how to proceed. We will likely see an increase on projects focused on this sector enabling web2 > web2.5/3 transitions.
20/
▶️ZK-rollups and ZK-proof integrations offer scalability and privacy which will play a part in enabling innovation from various sectors especially high load products (eg payments / anonymous bridging) to be normalized.
▶️ZK-rollups and ZK-proof integrations offer scalability and privacy which will play a part in enabling innovation from various sectors especially high load products (eg payments / anonymous bridging) to be normalized.
21/
▶️ Onboarding of retail/devs can and should be improved via better tools and user interface to allow ease of transition into web3 space, which then enables them to innovate and contribute to our existing infrastructure creating a flywheel effect.
▶️ Onboarding of retail/devs can and should be improved via better tools and user interface to allow ease of transition into web3 space, which then enables them to innovate and contribute to our existing infrastructure creating a flywheel effect.
22/
If you have the time, would highly recommend to read each individual report to gain valuable insights on what some of the top minds in the space are excited for.
1 thing is for certain, everyone is bullish DeFi paving the way for innovation and adoption.
If you have the time, would highly recommend to read each individual report to gain valuable insights on what some of the top minds in the space are excited for.
1 thing is for certain, everyone is bullish DeFi paving the way for innovation and adoption.
23/
Part 2 will be coming soon, apologies if I mistakenly interpreted some of the ideas above, feel free to correct me if I was wrong, all credits go to the amazing authors listed and thank you for sharing them with the community!
Part 2 will be coming soon, apologies if I mistakenly interpreted some of the ideas above, feel free to correct me if I was wrong, all credits go to the amazing authors listed and thank you for sharing them with the community!
If you liked the info and want Part 2, do like and retweet the first tweet so I know you guys want a part 2 lmao, and follow @C4dotgg would be rude not to >:)
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