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taetaehoho Profile
taetaehoho

@0xtaetaehoho

4,251
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Following
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2,324
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Strategy Lead @EclipseFND | prev @1kxnetwork

GE, Varrock
Joined October 2020
Don't wanna be here? Send us removal request.
@0xtaetaehoho
taetaehoho
5 months
@zksync has just shipped one of the most game changing updates to an Eth rollup EVER. Boojum. Let's dive into some numbers 🧵
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@0xtaetaehoho
taetaehoho
6 months
Will rollups be congested? Is DA the real bottleneck to scaling blockchains? What is enabled by new DA layers that claim 10-100x throughput? @_weidai and I aim to present a preliminary exploration to these questions in our rollup x DA model: A thread 🧵
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@0xtaetaehoho
taetaehoho
2 years
1/ Play to earn (p2e) games are about building economies that community members can trust, own, and build on. But how can we make this economy long-term sustainable while retaining players? An introduction to sinks and faucets:
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@0xtaetaehoho
taetaehoho
11 months
The energy behind the on-chain gaming ecosystem has exploded - the number of folks building games and building infrastructure to support them is increasing everyday! #1 / A compilation of the on-chain gaming related infrastructure (comment if I’ve missed something):
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@0xtaetaehoho
taetaehoho
2 years
Service DAOs are crypto-native consulting firms poised to create the 250B consulting market equivalent in crypto. @Mikey0x_ and I spent the past month interviewing 20+ serviceDAO operators and here’s what we learned:
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@0xtaetaehoho
taetaehoho
1 year
Fully on-chain games and autonomous worlds are next generation crypto platforms They store all game state and logic on-chain allowing full asset ownership, censorship resistance, and permissionless extension.
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@0xtaetaehoho
taetaehoho
2 months
🧵1/ Wanted to announce to ya'll that I've left @1kxnetwork . It's been an INCREDIBLE two and a half years, working with some of the best founders in the space, and an incredibly smart yet hungry team.
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@0xtaetaehoho
taetaehoho
2 years
1/ Super excited to announce that I've joined @1kxnetwork , where I will be conducting research and supporting founders across NFTs, P2E games, and more!
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@0xtaetaehoho
taetaehoho
1 year
Plonk Skilltree 🎄 I've found learning zk by just going raw on papers is quite difficult. So... I've compiled a list of resources that guide you STEP by STEP through concepts to fully understand Plonk. Link to paper:
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@0xtaetaehoho
taetaehoho
2 years
Megathread on NFT finance content NFT finance is blowing up with @NFTfi leading the charge. Open-sourcing the content I’ve found the most helpful for understanding the space.
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@0xtaetaehoho
taetaehoho
3 years
In this piece (link below), we ( @StingRayL0 ) wanted to use our experience as gamers to talk about the pain points that NFTs and blockchain could help mitigate or solve, as well as briefly suggest some new applications. A thread:🧵
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@0xtaetaehoho
taetaehoho
3 years
What happens when NFTs go beyond something static that you hold? How do we extract richer functionalities from NFTs? We explore these questions in “Economic Primitives of the Metaverse” with a particular focus on renting and lending NFTs. A thread 🧵
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@0xtaetaehoho
taetaehoho
2 years
What happens when NFTs aren't just static things you hold? How do we create complex NFT denominated capital markets? We explore these questions in Economic Primitives of the Metaverse 2, starting with mortgages and leveraged purchases. A 🧵/15:
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@0xtaetaehoho
taetaehoho
2 years
Ponzinomics as a GTM strategy for baselayer protocols Why SLP prices crashing is not necessarily a bad thing, considerations for games that want to be a “metaverse” in the attention economy, and why every baselayer needs a ponzi My smol addition to
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@0xtaetaehoho
taetaehoho
2 years
NFT finance stack: 1. Real world assets on chain with @centrifuge 2. Financial NFTs with @Uniswap , @goldfinch_fi , @NFTfi @SolvProtocol 3. Collateralized loans, rentals with @centrifuge @AaveAave @MakerDAO @NFTfi @renftlabs @PineLoans @dropsnft
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@0xtaetaehoho
taetaehoho
2 years
NFT finance season is coming to free NFTs from illiquidity - particularly through NFT collateralized loans. But how do these protocols work? In this piece, I discuss methods NFT finance protocols are using to establish valuations and their pros/cons.
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@0xtaetaehoho
taetaehoho
1 year
My Autonomous Anonymous talk as a short thread (tl;dr why I believe on-chain games will succeed through the lens of history) 🧵
@LordSecretive
SECRETIVE
1 year
A̶u̶t̶o̶n̶o̶m̶o̶u̶s̶ ̶W̶o̶r̶l̶d̶s̶ ̶S̶u̶m̶m̶i̶t̶ @1kxnetwork
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@0xtaetaehoho
taetaehoho
3 years
The first two charts @AxieInfinity are important but combined with the last is where it truly blows my mind. @Jihoz_Axie
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@0xtaetaehoho
taetaehoho
6 months
12/ Takeaway 1: With @eigenlayer and @CelestiaOrg , DA is not the bottleneck. It is execution. (Especially once we have better compression). Assuming only one rollup settles to Celestia/EigenDA at 100bytes per tx, 21,000 gas / tx EigenDA can support 3B gas/s.
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@0xtaetaehoho
taetaehoho
2 months
Why does @MetaMask have wrong gas fee estimates for so many new L2s? ie) @0xMantle @Scroll_ZKP ?
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@0xtaetaehoho
taetaehoho
2 years
Virtual worlds with self-governance and open economies have existed since the 1980s. P&E and Metaverse projects should pay close attention to these past experiments to know what has worked and what hasn’t. Some must reads on the subject:
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@0xtaetaehoho
taetaehoho
2 months
People aren't talking about @vertex_protocol Edge enough. It allows replication of the CEX experience. 1. Deposit from any chain while accessing maker liquidity on all chains. 2. seamless UX, no transaction signing. 3. The first live instantiation of a shared sequencer network
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@0xtaetaehoho
taetaehoho
5 months
9/ Overall this amortization of bytes per transaction as batch sizes increase (from 220 to EVEN 10 BYTES PER TX!) is what is allowing lower costs per L2 transaction AND this is happening while shortening time to hard finality! 🤯🤯🤯🤯🤯🤯🤯🤯
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@0xtaetaehoho
taetaehoho
5 months
3/ Post Boojum, @zksync is now doing around ~68 average bytes per tx (71 median) A ⅔ reduction in costs! This is ~450 TPS at PDS initial. The amortization of bytes per tx with batch size increases also grew.
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@0xtaetaehoho
taetaehoho
9 months
Tech moat erodes in the long run in a open source culture / environment. Only developer ecosystem building and community is a true differentiator in crypto. Devrel remains the most important job for protocols imo.
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@0xtaetaehoho
taetaehoho
1 year
I'm at a demo day and I get the VC skepticism. Why are people asking if a creator platform is going to incorporate ZK for scalability?!?
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@0xtaetaehoho
taetaehoho
5 months
10/ As more people onboard to L2s, we will see more scalability issues with existing networks TBD on what happens when we get ~3-5m DAU on L2s, but the data so far shows that @zksync has true economies of scale.
@_weidai
Wei Dai
6 months
3/ We will be keeping a close eye on @zksync as they deploy the Boojum upgrade, which enables larger batch sizes as well as further calldata compression even at the same batch size. Will state-diff rollups win the cost game at the end? We need more data to tell the story.
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@0xtaetaehoho
taetaehoho
2 months
@pixels_online has a higher FDV than @Ronin_Network . Might be the ONLY case in all of crypto where the underlying L1 is valued LOWER than the biggest DAPP on it.
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@0xtaetaehoho
taetaehoho
5 months
4/ The minimum bytes per tx we observed was ~10 bytes during the inscription craze. @zksync was packing 5000-7000 transactions into a single L1 tx. Look at the query - anything above 5000 transactions in a L1 tx is seeing INSANELY amortized bytes per tx.
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@0xtaetaehoho
taetaehoho
1 year
If you're a ZK builder and are looking for a free place to stay at ETHDenver, we @1kxnetwork and @DelendumV are co-hosting a hacker house! Feel free to DM me or tag friends for details
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@0xtaetaehoho
taetaehoho
10 months
Onchain games damn
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@0xtaetaehoho
taetaehoho
3 years
It seems that within a relatively short couple of months, NFT gaming has gone from ignored to consensus as the “next big thing” thanks to Axie. But to date, we haven’t found a comprehensive/exhaustive explanation as to why this is the case.
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@0xtaetaehoho
taetaehoho
5 months
1/ One of the most important metrics in a smart contract rollup is L1 committed bytes per L2 transaction. DA is still a bottleneck - therefore the less L1 calldata you need for a L2 tx, the more TPS you can do.
@0xtaetaehoho
taetaehoho
6 months
Will rollups be congested? Is DA the real bottleneck to scaling blockchains? What is enabled by new DA layers that claim 10-100x throughput? @_weidai and I aim to present a preliminary exploration to these questions in our rollup x DA model: A thread 🧵
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@0xtaetaehoho
taetaehoho
2 years
Delivering on an earlier promise: ​​ This is a primer to a 6-part series on governance models used in games today, new models used by p2e and enabled by crypto, and where I see this design space going in the next few years. 🧵⬇️
@0xtaetaehoho
taetaehoho
2 years
Gauging interest - anyone wanna read a 6 part series on the history of player governance in the games they play?
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@0xtaetaehoho
taetaehoho
1 month
Does the man ever miss? I genuinely don't know
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@0xRainandCoffee
rain&coffee
1 month
During Denver I presented on "Building Apps with Modular Infrastructure" and the powers that provides. We take that a step further, and present how the new wave of infrastructure in the coming year will usher in a new wave of powerful apps:
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@0xtaetaehoho
taetaehoho
2 years
Tons of new experiments in new governance system design - most using nontransferables + non-token related influence. Proud to say @MetaPortal_DAO and @AxieInfinity started implementation here almost 6+ months ago.
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@0xtaetaehoho
taetaehoho
2 years
4. Marketplaces @sudoswap 5. derivatives on @nftperp @puttyfi @insrtfinance 6. yield aggregation @spice_finance 7. diversified exposure, structured products @metastret @insrtfinance 8. appraisal, valuation @abacus_wtf @NFTbank_ai @UpshotHQ 9. knowledge terminals @nansen_ai
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@0xtaetaehoho
taetaehoho
5 months
I'll be in Bangalore from 12/6-10! Hit me up if you're there as well!
@IBWofficial
India Blockchain Week (IBW) Conference
6 months
Introducing our next speaker: @0xtaetaehoho ! Terry Chung is a Research Analyst at @1kxnetwork , one of the world’s leading blockchain VCs 🔥 At 1kx, Terry focuses on investments and research into ZK, scalability, and NFT finance. 📅 Listen to Terry speak about rollups, only…
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@0xtaetaehoho
taetaehoho
2 years
2/ Luckily virtual economies have existed for decades. Some effective currency sinks in the past have been: - Paying for utilities - Rare collectibles - Gambles - Taxes - Crafting - Staking - Events
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@0xtaetaehoho
taetaehoho
2 years
Game Governance 4 In Game Gov 4, we go over existing models and crypto governance in practice in @illuviumio and those proposed by @TheCitadelGame .
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@0xtaetaehoho
taetaehoho
2 years
Player governance is going to be a core part of web3 games. But why is governance good - and if so what are the structures / best practices to adopt that’ve worked in the past? h/t @StingRayL0
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@0xtaetaehoho
taetaehoho
18 days
locked and loaded - ready for mainnet @fantasy_top_
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@0xtaetaehoho
taetaehoho
2 years
7/ Credits to @dberenzon @pet3rpan_ @nichanank for helping write the article and @AxieSando , @CharlieSandor , @StingRayL0 for conversations around p2e. + to all else who have helped influence my thinking on this topic @Jihoz_Axie , @0xRyze , @Tocelot , @RyanWatkins_ , @fareastwitcher
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@0xtaetaehoho
taetaehoho
25 days
Any interesting new dapps to use? nothing to do while waiting for @fantasy_top_ mainnet
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@0xtaetaehoho
taetaehoho
1 year
Me and @billionxdev 's hack for ETH Tokyo: We used @LitProtocol LitPKPs (tied to any Oauth or webauthn method) to create, sign and execute Tx's on @safe ! You can essentially use your google account as a wallet to interact with Safe.
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@0xtaetaehoho
taetaehoho
2 years
6/ And discuss the conditions under which any sink works. Namely that Fun + additional utility from using sink > cost of using a sink
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@0xtaetaehoho
taetaehoho
1 year
If you are an L1 / L2, you are painfully missing the point if you don't support, encourage on-chain games 🧵
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@0xtaetaehoho
taetaehoho
2 years
Metafi ❌ Defi x NFT ❌ NFT finance ✅
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@0xtaetaehoho
taetaehoho
15 days
One of my close friends just got the most atrocious haircut I've ever seen in my entire life. It is truly over. RIP
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@0xtaetaehoho
taetaehoho
2 years
I'm moving all @goblinsax podcast related tweets to @goblinsaxpod . If your a listener, NFT finance enthusiast, NFT trader or follow me for related content give @goblinsaxpod a follow!
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@0xtaetaehoho
taetaehoho
2 years
How uncollateralized defi lending works today and how it will work in the future - ala @TrustToken and @goldfinch_fi . 👇
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@0xtaetaehoho
taetaehoho
11 months
#5 / @dojostarknet is a provable game engine built for the @Starknet ecosystem written in Cairo. It’s features are similar to MUD. It Cairo specific qualities like macros, and provability in the CairoVM to provide a unique developer experience.
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@0xtaetaehoho
taetaehoho
1 year
Bid depth now live on the biggest nft marketplace. Wonder what this does to volumes and NFT lenders on Ronin.
@artemilse_
Artemilse.ron🌙
1 year
Excited to finally announce that offers on the App.Axie marketplace are live! A quick rundown of what is included in offers v1, the process of how we got here and what is to come ⬇️
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@0xtaetaehoho
taetaehoho
2 years
@HDaxos @flam_sanct Another day another reason to pay attention to @TheCitadelGame
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@0xtaetaehoho
taetaehoho
6 months
7/ c. Most importantly! We don't take into account bytes/tx amortization as batch sizes grow and transaction compression mechanisms are implemented! As you can see this has a HUGE effect on bytes per tx on BOTH TDRs and SDRs.
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@0xtaetaehoho
taetaehoho
5 months
2/ Pre-Boojum, @zksync was doing around ~211 average bytes per tx (207 median). This meant that at the PDS initial target DA rate of 0.375 mb/block, Zksync would have done ~150 TPS The amortization factor (how fast bytes decreased as you added more txs) was also ^1.0267.
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@0xtaetaehoho
taetaehoho
2 years
400 Followers! Might not be that many to a lot of people but happy to have reached this milestone. I'll continue to write (hopefully a bit shorter) long-form research! Thank you @Jihoz_Axie @NineChronicles @renftlabs for giving me a platform when I only had 10-50 followers!
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@0xtaetaehoho
taetaehoho
5 months
6/ This also comes at no loss to time to soft finality - in fact post Boojum batches are being posted more often. It also doesn’t come with more gas! In fact Boojum has LOWERED the gas per proof. Pre-Boojum we saw ~760K gas per proof while we are now seeing ~450K gas per proof
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@0xtaetaehoho
taetaehoho
1 year
If you're into zk, zkml, onchain-gaming, NFT finance, digiphysical goods it doesn't really feel like there's a bear market
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@0xtaetaehoho
taetaehoho
1 month
Solana …. On ethereum 🤯🤯🤯🤯🤯
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@0xtaetaehoho
taetaehoho
2 years
Gauging interest - anyone wanna read a 6 part series on the history of player governance in the games they play?
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@0xtaetaehoho
taetaehoho
2 months
5/ If you're interested in working with this world-class team, they are hiring for an infra analyst! You'll get to work with the one and only @_weidai .
@_weidai
Wei Dai
2 months
We are looking for a crypto infrastructure analyst to join our team! If you are driven by innovation and eager to shape the future of crypto infrastructure, we would love to hear from you!
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@0xtaetaehoho
taetaehoho
1 year
Who’s at eth Tokyo?
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@0xtaetaehoho
taetaehoho
1 year
NFT finance is heating up. I think our time is coming.
@richardchen39
Richard Chen
1 year
What bear market? @NFTfi just hit an all-time high in January for: 📈 - Monthly volume (ETH) - Monthly number of loans - Monthly number of borrowers and lenders
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@0xtaetaehoho
taetaehoho
2 years
Should we start devrel dao?
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@0xtaetaehoho
taetaehoho
2 years
Used to have to work two jobs to support myself in NYC - now @BlockchainatCU provides me with micro grants in ETH to write about crypto. Thankful 🙏
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@0xtaetaehoho
taetaehoho
2 years
5/ We also introduce new methods available only to community and culture first p2e games including - Seeding new games and mods - community/guild led burning - Taxing core infrastructure
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@0xtaetaehoho
taetaehoho
2 years
12/ Matthew cites @TheCitadelGame as a game that has excelled in their implementation of actual drains tied to the game lore. Players have to actually understand the rationale behind the mechanic or otherwise they wont use them. Another reason to be bullish on @TheCitadelGame .
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@0xtaetaehoho
taetaehoho
1 year
#/10 @0xCitadel team is building a space themed virtual world. They’re decentralizing from day1 with an end game vision of building a persistent world created for and by its players on top of an open, modular core platform.
@flam_sanct
Flam Sanct
1 year
Virtual worlds have mostly been designed to entertain. From text MUDs, to early 2D MMOs, to the 3D titles we run around in today, we've seen more toy worlds and theme parks than anything else. What would it mean to construct worlds that are something more than just toys? 🧵
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@0xtaetaehoho
taetaehoho
1 year
One thing I've observed having been in public markets (equities LS) AND VC (crypto) is that what drives VC decisions and what drives liquid decisions are significantly different. 🧵
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@0xtaetaehoho
taetaehoho
11 months
#3 / The most popular game engine on EVM today is MUD by @latticexyz . Built by the same folks who built Dark Forest, it currently has the most community adoption among EVM on-chain games.
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@0xtaetaehoho
taetaehoho
2 years
3/ For each mechanism, we delve into examples, why they work, their efficacy, and reception by the gaming community.
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@0xtaetaehoho
taetaehoho
1 year
Shit post -> high engagement Engagement farming tweet -> zero engagement Actually useful info -> medium/low engagement
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@0xtaetaehoho
taetaehoho
5 months
7/ The reason we’ve recently seen a spike of proof costs is because @zksync is posting a SIGNIFICANTLY larger number of proofs per day. ie) on 12-17-2023 they posted 5566 proofs at ~0.0196 per proof for a total of 109 ETH spent.
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@0xtaetaehoho
taetaehoho
6 months
2/ 2. State-diff rollups (SDR) - ( @zksync ). These rollups only post aggregated state differences across batches. Calldata compression is advantageous for both rollups (TDRs and SDRs) - but SDRs also benefit from large batches that write to a small # of state variables
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@0xtaetaehoho
taetaehoho
7 months
Whoever lives at 2731 Ross Rd, PA CA 94303 I still haven’t forgiven you for taking my AirPod at SBC
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@0xtaetaehoho
taetaehoho
2 years
When I asked people "how do you get into crypto" everyone said "join a DAO!" but NO ONE told me how! So here's my step by step guide ⬇️
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@0xtaetaehoho
taetaehoho
5 months
5/ Some insane numbers for L1 bytes per L2 transaction for @zksync after Boojum.
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@0xtaetaehoho
taetaehoho
24 days
CMON @privy_io !!!
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@0xtaetaehoho
taetaehoho
1 year
I think it could be that folks who made good yield on @NFTfi spill over some liquidity/usage onto other new nft finance platforms that're launching now ie) @spice_finance @insrtfinance @nftperp that're not quite lending-borrowing but derivatives, other yield products.
@0xtaetaehoho
taetaehoho
1 year
NFT finance is heating up. I think our time is coming.
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@0xtaetaehoho
taetaehoho
9 months
It’s going to be the best time ever to be an influencer
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@0xtaetaehoho
taetaehoho
3 years
My friend @stingrayL0 and I just posted my first @viamirror Article on why the Axie economy is long-term sustainable - "Axie Infinity: Yields and Long-term sustainability". Please check it out!
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@0xtaetaehoho
taetaehoho
15 days
Of all the reasons Monad is launching as an L1, performance is probably the least relevant. @keoneHD has remarked that full node hardware requirements scale with sequencer throughput and consumer hardware verifiability of the chain gets rekt - a core reason why he built Monad as…
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@0xtaetaehoho
taetaehoho
6 months
13/ Implication 1: We will likely see a lot of new execution layer experimentation with rollups built on top of @CelestiaOrg , @eigenlayer , @EspressoSys DA layers which promise significant throughput improvements.
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@0xtaetaehoho
taetaehoho
6 months
15/ Call to Action: If you are a rollup team ( @optimismFND , @Scroll_ZKP ) and have internal data about transactions per batch, we would love to chat! If you are a DA team and see any errors in the calculations, we would also love to chat!
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@0xtaetaehoho
taetaehoho
2 months
2/ I want to give a particular shoutout to the platform team @KoschigRobert , @j_kiesewetter , @ishanvermaiv , @DianacBiggs , @melquarto . We've co-invested with a ton of other funds and have worked closely with VCs from the project side (through incubating @goblinsax ) ...
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@0xtaetaehoho
taetaehoho
2 years
At least we’ll have good stories to tell
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@0xtaetaehoho
taetaehoho
2 months
Someone explain to me how preconfs with Eigen restaking is not the same as just optimistic bridging today. Now => risk of reorg on bridge LPs. Preconfs => risk of reorg on bridge LPs.... Until @eigenlayer has the ability to redirect slashed stake... its the same thing.
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@0xtaetaehoho
taetaehoho
24 days
these are just my bosses ser
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