Fundamentals

By Token TerminalTechnology

Fundamentals episodes

December 07, 2023 Demystifying web3 gaming with Shima Capital – trends, challenges, opportunities | Fundamentals ep.80
In this episode, we’re joined by Alex Wettermann, the Head of Gaming at Shima Capital – an early stage VC firm investing in disruptive web3 companies. Alex gives us an overview of the current state of the web3 gaming market, and walk us through the key trends, challenges and potential opportunities within the space.
Alex highlights the importance of looking beyond trends like 'play to earn' and emphasizes the need to create net new experiences and novel monetization methods. He also discusses the role of token design, in-game economics, user acquisition and retention, building strong gaming communities, and the unlocks needed for web3 gaming to go mainstream.
Finally, we cover how Alex analyses potential investment opportunities, and how Shima actively works with their portfolio companies.
Tune in for a great episode about the fundamentals of web3 gaming.
Shima Capital: https://shima.capital/
Alex on X: https://twitter.com/awettermann
Shima on X (Twitter): https://twitter.com/shimacapital
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
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💬 Join our Discord:
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📱 Follow us on Twitter:
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Timestamps:
00:00 Introduction
02:28 Overview of Shima Capital
03:22 What problem does Shima solve for LPs?
04:13 What does Alex’s day-to-day look like as the head of gaming at Shima?
07:14 The barrier to entry for researching crypto is high
09:32 The core value proposition of web3 in gaming
13:24 The current state of onchain gaming
17:15 Would a Supercell-style game development model work in web3?
20:13 Does the financialization of in-game assets make it harder for game studios to iterate?
24:03 Net new experiences and monetization models enabled by web3
27:22 Balancing monetization and gameplay in web3
30:58 What trends or verticals in web3 gaming currently stand out?
36:56 Investing throughout the web3 gaming tech stack
38:07 Value accrual
40:56 The thesis behind investing in Pudgy Penguins
42:39 The biggest hurdles facing web3 gaming today
45:35 What are the main KPIs that Shima focuses on?
49:38 What qualitative data could be helpful at scale?
51:18 How does Shima work with their portfolio companies?
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#ShimaCapital #Fundamentals #Gaming #Crypto #tokenterminal
54 min
November 30, 2023 Investing in DeFi with Re7 Capital: yield, risk management, data, valuation | Fundamentals ep.79
In today's episode, we’re joined by Evgeny Gokhberg – the founder of Re7 Capital – a fund that specializes in DeFi R&D and liquid crypto investment strategies. We delve into the vast arena of DeFi, exploring everything from generating yield to managing risks. We discuss the intrinsic value of crypto, how investors should approach valuing multidimensional cryptoassets, and what Re7’s edge is in the space.
Tune in as we dive deep into exciting trends, case examples from Re7s portfolio, the best KPIs to look at when assessing an investment opportunity, the challenges we face as an industry, the critical need for onchain data analytics, and Re7's framework for managing risks within DeFi.
Re7 Capital: https://www.re7.capital/
Evgeny on X: https://twitter.com/evgeny_re7
Re7 on X (Twitter): https://twitter.com/Re7Capital
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
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💬 Join our Discord:
► https://discord.com/invite/tokenterminal
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📱 Follow us on Twitter:
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📩 Subscribe to our Newsletter:
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Timestamps:
00:00 Introduction
01:22 Overview of Re7 Capital
03:33 Building a cycle agnostic business
06:07 What is Re7’s edge?
07:59 Current state of the market, and what makes web3 interesting
11:44 What is intrinsic value in crypto?
15:21 Valuing a multidimensional asset like ETH
20:12 The significance of monetary premium for an asset like ETH
24:03 Betting on ETHs growth rather than moneyness
25:19 Investment approach to DeFi applications
30:33 KPIs for identifying potential success in early stage projects
33:19 The power of granular transaction-level data
34:26 Achieving similar upside to traditional VC in a de-risked fashion
37:30 The pros and cons of liquid venture
39:30 Case example from Re7s portfolio: Gelato
43:28 The Re7 Risk Index
49:08 What trends and market sectors currently stand out in crypto?
51:12 The biggest challenges and opportunities for Re7 today
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#Re7Capital #Fundamentals #DeFi #Crypto #TokenTerminal
56 min
November 21, 2023 RockawayX – Value accrual, modular vs. monolithic blockchains, industry trends & pain points | ep.78
In this episode, we’re joined by Viktor Fischer, the Founder and CEO of RockawayX – a product VC building and investing in the Web3 space. Over the next hour, we dive into the details around the current state of the crypto market, RockawayX's unique position as builders, and users, in addition to being investors.
We speak about the differences between modular and monolithic blockchains form an investors point of view, their pros and cons, what RockawayX’s framework is for assessing value accrual throughout the modular tech-stack, the best KPIs for performance assessment, and what the future of the blockchain market could look like.
Finally, Viktor walks us through the current pain points within our industry, where more capital should be allocated, what founders should be mindful of when growing their businesses, and the current challenges related to educating the traditional world about crypto.
RockawayX: https://rockawayx.com/
Viktor on X (Twitter): https://twitter.com/viktorfischer
RockawayX on X (Twitter): https://twitter.com/Rockaway_X
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
01:47 Background and overview of RockawayX
04:02 RockawayX’s builder-first approach?
06:14 The unique position of RockawayX in the market
08:20 Examples of RockawayX's investment approach
14:03 Differences between modular and monolithic blockchain architectures (investors POV)
18:04 Value capture in monolithic chains
22:15 RockawayX’s investment thesis for modular blockchains
26:29 What makes crypto exciting & why we need more user-focused investments
31:04 Value accrual in the modular blockchain stack
36:31 What are the best KPIs to measure/value blockchains?
39:37 The difference between great technologies vs. great investments
42:43 What trend and market sectors currently stand out in crypto?
46:15 Right now, DeFi is dead – we need more use cases for yield generation.
49:28 Biggest challenges for a fund in crypto today
49:50 The need for better education and communication in crypto
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#RockawayX #Blockchain #Fundamentals #Crypto #TokenTerminal
53 min
November 14, 2023 Fantom – value proposition, new tech stack (Sonic), economics, overcoming challenges & more | ep.77
In this episode of the Fundamentals podcast, Michael Kong, CEO/CIO of the Fantom Foundation, discusses the unique value proposition of Fantom within the blockchain landscape, its core technology, and approach to achieving scalability. We explore the structure of the blockchain market sector, how Michael sees it developing, and where Fantom fits into this vision in the long run.
We delve into the architectural development of Fantom, walk through Fantom's economic model and learn how it drives network sustainability.
Lastly, we speak about current business development focus areas, and challenges to tackle. Michael highlights Fantom’s new technology, Sonic, and describes its potential impact for unlocking growth.
Tune in for a great discussion about the Fundamentals of Fantom.
Fantom: https://fantom.foundation/
X (Twitter): https://twitter.com/FantomFDN
Michael on X (Twitter): https://twitter.com/michaelfkong
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
01:21 Fantom’s core value proposition
03:54 Why L1 and L2 blockchains are the same thing
06:45 What sets Fantom apart from other blockchains tackling similar problems?
09:30 What dApps are best suited to be built on Fantom?
13:01 Vision for Fantom’s future within the blockchain market sector
16:57 The importance of EVM compatibility
20:54 Core contributors to the development of the Fantom blockchain
24:21 Fantom’s economic model
28:08 Ensuring economic sustainability
32:08 The venture case for Fantom
35:28 Best metrics/KPIs to measure and value the performance of a blockchain
38:09 Monetary premium: is it relevant in the context of Fantom?
40:55 Challenges and bottlenecks in Fantom’s growth
44:12 Most exciting developments: Fantom Sonic
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#Fantom #Sonic #Blockchain #Crypto #tokenterminal
49 min
November 07, 2023 The Ethereum Investment Framework: History, tech, economics, ETH price targets, and more!
On this episode of the Fundamentals podcast, we welcome back Michael Nadeau, who runs the DeFi Report, to deepen our understanding of valuing blockchain networks. Michael has been working on deep-diving into this topic for several years and has recently published the 'Ethereum Investment Framework'.
He discusses why he was inspired to create the framework, provides a high-level view of its contents, major components, and explains his approach to valuing Ethereum. In addition, this episode explores the various challenges and key learning points encountered while creating the framework, with multiple analogies and perspectives for understanding this new asset class. The conversation wraps up with Michael sharing his future plans for creating similar frameworks for other crypto assets.
Download the Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework
Michael:
Linkedin: https://www.linkedin.com/in/michael-austin-nadeau
X (Twitter): https://twitter.com/JustDeauIt
The DeFi report: https://thedefireport.io/#newsletter
Ethereum’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/ethereum
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
02:02 Intro to the Ethereum Investment Framework
02:56 The inspiration behind the Ethereum Investment Framework
05:09 The main components of the investment framework
07:47 The evolution of the internet and Ethereum's place in it
11:30 How the Ethereum Investment Framework compares to other models in the industry?
13:45 The role of data in the investment framework
16:24 The influence of economic and financial theories on the framework
19:38 How to best utilize the Ethereum Investment Framework
22:01 Approaches to valuing Ethereum
28:25 Biggest learnings from the process of creating this framework
34:21 Future plans for other cryptoasset frameworks
38:36 The future of Ethereum and the investment landscape
42:00 Conclusion and final thoughts
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#Ethereum #ETH #TokenTerminal #DeFiReport
46 min
November 01, 2023 The state of zkSync: scaling, security, UX, traction, challenges, financials | Fundamentals ep.75
In this episode of the Fundamentals podcast, we’re joined by Alex, the Co-Founder and CEO of Matter Labs – the engineering team behind zkSync – a Layer-2 blockchain protocol that scales Ethereum with zero knowledge technology.
In this episode with Alex, we discuss what zkSync’s core value proposition is, and why zero-knowledge proofs are the most viable technology to enable the mainstream adoption of public blockchains.
We speak about Hyperchains, and what the zkSync ecosystem will evolve into on a long-term horizon. Alex walks us through the current painpoints with crypto’s UX, and how zkSync is tackling these problems.
We dive into zkSync Era’s economic model, the venture case for a blockchain protocol, and walk through the best metrics to measure the performance of a blockchain.
Finally, we wrap up with the current challenges related to zkSync’s growth, and what the most exciting things happening within the zkSync ecosystem are.
Tune in for a great discussion about zkSync, and scaling Ethereum’s technology and values
zkSync: https://zksync.io/
Matter Labs: https://matter-labs.io/
X (Twitter): https://twitter.com/zksync
Alex: https://twitter.com/gluk64_ZkSync
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
01:25 zkSync's core value proposition
02:18 Why are ZK proofs the most viable technology to enable the mainstream adoption of public blockchains
05:42 What sets zkSync apart from other blockchains tackling similar problems?
14:12 ZK Stack: a modular framework for building sovereign ZK-powered Hyperchains
18:39 How is zkSync solving crypto's UX painpoints?
23:04 Has native account abstraction been a growth driver?
25:00 What is the importance of EVM compatibility?
27:19 What is zkSync's position and role in a crypto native future?
29:14 Core contributors to the development of zkSync
30:17 zkSync Era's economic model
31:02 Value accrual within the zkSync ecosystem
31:28 How does zkSync benefit economically from Hyperchains?
32:33 What metrics and KPIs are best suited to measure/value a blockchain
34:01 The venture case for zkSync & how it differs from a traditional software business
36:49 Current growth challenges
38:15 Most exciting developments within the zkSync ecosystem
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#zkSync #Ethereum #Blockchain #Crypto #tokenterminal
42 min
November 01, 2023 Demystifying web3 gaming with Shima Capital – trends, challenges, opportunities | Fundamentals ep.80
In this episode, we’re joined by Alex Wettermann, the Head of Gaming at Shima Capital – an early stage VC firm investing in disruptive web3 companies. Alex gives us an overview of the current state of the web3 gaming market, and walk us through the key trends, challenges and potential opportunities within the space.
Alex highlights the importance of looking beyond trends like 'play to earn' and emphasizes the need to create net new experiences and novel monetization methods. He also discusses the role of token design, in-game economics, user acquisition and retention, building strong gaming communities, and the unlocks needed for web3 gaming to go mainstream.
Finally, we cover how Alex analyses potential investment opportunities, and how Shima actively works with their portfolio companies.
Tune in for a great episode about the fundamentals of web3 gaming.
Shima Capital: https://shima.capital/
Alex on X: https://twitter.com/awettermann
Shima on X (Twitter): https://twitter.com/shimacapital
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
01:40 Overview of Shima Capital
06:49 The evolution of gaming and crypto
10:11 The core value proposition of web3 in gaming
14:43 The state of on-chain gaming
18:42 The challenges of web3 gaming
23:56 The future of web3 gaming
25:34 The economics of in-game assets in web3
28:59 Balancing monetization and gameplay in web3
29:49 Designing games for different types of gamers
30:16 The role of monetization in game design
31:18 The importance of user retention in gaming
32:13 Exploring new archetypes of gamers
32:41 Challenges in game development
33:16 Trends in the current web3 gaming market
33:40 The value of intellectual property in gaming
34:07 The potential of on-chain economies and genre mixing
35:30 Exploring out of app monetization and progressive web apps
37:57 The future of IP licensing and metadata standards
39:38 Investing in the gaming stack
48:44 The role of data in investment decisions
54:46 Working with portfolio companies
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#ShimaCapital #Fundamentals #Gaming #Crypto #tokenterminal
54 min
October 17, 2023 Stratos – Valuing L1s and L2s, monetary premium, fat protocols, sustainability, and more | ep.74
In this episode, we’re joined by Rennick Palley, Founding Partner at Stratos – a fund that seeds the future of crypto. Stratos focuses on both Venture, where they invest in DeFi and web3 companies, and Infra, where they provide the hardware, stake, and expertise that helps blockchains grow.
We discuss Stratos, their investment strategy, and how they approach the market. We then move on to speak about the execution layer landscape, and dive into valuing Layer 1 and Layer 2 blockchains – and what the main differences in valuation methodologies are between the two.
We cover topics including monetary premium, staking ratio, real staking yield, positive economic balance, and intrinsic value. We draw parallels between tokens and more traditional assets, and speak about applying comparative valuation concepts to crypto assets.
We speak about the current lack of value accrual mechanisms for L2 tokens, and what the future could look like on that front.
Finally, we speak about the current state of the blockchain market, and what keeps Stratos optimistic about the future.
Tune is for a great discussion about how Rennick and Stratos approach the market!
Stratos:
Site: https://www.stratos.xyz/
X (Twitter): https://twitter.com/StratosXYZ
Rennick: https://twitter.com/RennickPalley
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
01:48 Overview of Stratos
03:09 What problem does Stratos solve for LPs?
05:12 The vast majority of cryptoasset value consists of L1 & L2 tokens – what are the implications for investors?
10:56 “Monetary premium” and its significance in valuing L1 blockchains
16:59 The function of revenue in a L1 network – economic balance
19:36 Positive economic balance is not a strict requirement for monetary premium
21:30 Country theory of L1s
25:09 Blockspace purchasing power parity
28:09 Real vs. speculative intrinsic value
30:43 Why is achieving sustainability so challenging for L1s?
35:09 Sovereignty of money comes with existing outside purely financial metrics
36:41 Fat protocol thesis: what changes as we move towards more modular architectures?
42:45 Where does value accrue when competition increases at the app layer?
45:09 How will dApps creating application-specific rollups affect value accrual?
47:47 How do the above valuation methodologies adapt from L1s to L2s?
51:46 Envisioning the future of value accrual for L2 tokens
53:36 Why it’s so easy for someone coming from tradfi to middle-curve crypto?
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#Stratos #Fundamentals #Blockchain #Crypto #tokenterminal
1 hr
October 09, 2023 MultiversX – Mass adoption, security, sharding, EGLD, xDay, and more | Fundamentals ep.73
In this episode we’re joined by Benjamin Mincu, the Founder and CEO of MultiversX – a Layer 1 blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, MultiversX introduces two key innovations: a novel adaptive state sharding mechanism, and a secure proof of stake algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism.
We discuss how MultiversX works, and what sets it apart from other blockchains on the market. We speak about the innovations behind achieving high transaction throughput, ensuring safety via an onchain 2FA mechanism, the effects of having tokens embedded into the protocol, and how the xPortal wallet and super app fit into the grande vision for MultiversX.
We then break down MultiversX’s current app, developer, and user landscapes - and speak about the upcoming xDay conference and hackathon, and how they aim to bridge the gap between builders and decision makers.
Read more about the xDay conference and hackathon here: https://xday.com/
Finally, we speak about MultiversX’s economic model, the EGLD token, what the best metrics are to track the adoption of a blockchain network, and what economic sustainability means.
Tune in for a great discussion about MultiversX, and tackling the problems that are critical for mass adoption.
MultiversX.
Site: https://multiversx.com/
X (Twitter): https://twitter.com/MultiversX
Beniamin: https://twitter.com/beniaminmincu
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
-----------------------------------------
Timestamps:
00:00 Introduction
01:47 MultiversX's core value proposition
04:48 The main optimizations that MultiversX has focused on
06:55 Implementing state, network, and transaction sharding all at once
10:24 What will blockchain do
for the internet?
14:44 Onchain two-factor authentication (2FA)
18:28 The challenges with implementing 2FA in crypto
21:12 xPortal – The portal to everything finance
28:02 The benefits of having tokens embedded into the protocol
29:45 The core contributors behind the development of MultiversX
31:57 Current app and developer landscape
36:10 Current userbase
39:47 The xDay conference and xDay hackathon
44:48 The renaissance of European ambition
47:21 MultiversX's economic model
50:45 Economic sustainability
52:21 Best metrics to measure and value a blockchain
54:41 Current challenges related to growth
58:29 What's next for MultiversX?
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

This episode is sponsored by MultiversX.
#MultiversX #Fundamentals #EGLD #Blockchain #Crypto #tokenterminal
1 hr 4 min
September 26, 2023 Maven 11 – Value capture, modular blockchains, due diligence, good tech vs. good business | ep.72
In this episode of the Fundamentals podcast, we’re joined by Mathijs van Esch, who is an associate partner at Maven 11 – a crypto-native fund that partners with brave outliers challenging the status quo by redefining ownership.
We discuss Maven 11, their investment strategy, and how they approach the market. The characteristics of crypto that make it an attractive asset class, and how Maven 11 analyses projects within the space. We speak about value capture and how it should be assessed, the most important KPIs in crypto, evaluating long-term sustainability, and distinguishing between projects that are great technologies versus those that are great investments.
We break down Maven 11’s approach to investing in the blockchain market sector, and dive into the details of their thesis on modular blockchains.
Finally, we walk through some case examples from Maven 11’s portfolio, speak about how Maven supports the projects they invest in, discuss managing risks, and the biggest challenges that funds face in the space today.
Tune is for a great discussion about how Mathijs and Maven 11 approach the market.
Maven 11: https://www.maven11.com/
Mathijs on X (Twitter): https://twitter.com/MathijsvEsch
Maven 11 on X (Twitter): https://twitter.com/Maven11Capital
Make sure to leave a comment if you have any questions 🙌
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► https://www.tokenterminal.com/
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Timestamps:
00:00 Introduction
01:29 Overview of Maven 11
02:31 What problem does Maven 11 solve for LPs?
03:38 What characteristics make crypto interesting as an asset class?
04:39 Backing founders that are redefining ownership
05:35 Investment discovery process
08:08 What market sectors does Maven 11 focus on?
09:20 Due diligence and decision-making
11:27 What role does data play in the investment process?
12:56 The utility of airdrops
14:01 What KPIs stand out when analyzing projects?
15:26 Red flags from an investors point of view
17:49 Great technologies vs. great investments
20:34 Assessing value capture
22:39 Public goods from an investors point of view
23:41 Modular blockchains: what and why?
25:53 Maven 11’s modular blockchain thesis
27:51 Will all chains evolve towards more modular designs?
29:54 Developments that stand out in the modular blockchains space
32:46 Case from Maven11’s portfolio: Maple Finance
34:01 Case from Maven11’s portfolio: Astria
35:38 What kind of support from investors is in highest demand for early stage crypto projects?
38:31 Risk management
39:39 Challenges that funds face in crypto today
41:06 Current macro sentiment
…
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.
The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.
None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
#Maven11 #Fundamentals #Blockchain #Crypto #tokenterminal
44 min

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