Space Summary
The Twitter Space 15 Minutes To The Bell With Carson Investment Research hosted by RyanDetrick. Join the discussion with Carson Investment Research's Chief Market Strategist as they provide valuable insights into market trends, investment strategies, and wealth management. Learn about the significance of diversification, risk management, and aligning investment goals with risk tolerance. Gain advice on navigating market volatility, optimizing investment performance, and making informed decisions based on data and research. Explore the balance between emotional reactions and factual data in investing, and discover strategies for adapting to economic shifts. Carson Investment Research offers advisory services through CWM, LLC, RIA, supporting individuals in wealth management and financial planning.
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Questions
Q: How crucial is diversification in investment portfolios?
A: Diversification helps mitigate risk by spreading investments across various asset classes and sectors.
Q: What role does sentiment play in investment decisions?
A: While sentiment can influence short-term movements, data-driven decisions are vital for long-term success.
Q: How can one navigate market volatility effectively?
A: Strategies like dollar-cost averaging and periodic rebalancing can help manage volatility.
Q: Why is research essential for informed investment choices?
A: Research provides the foundation for understanding markets and making strategic investment decisions.
Q: How should investors align their goals with risk tolerance?
A: Investors should balance their risk tolerance with financial objectives to create a suitable investment plan.
Q: What factors should be considered in long-term investment planning?
A: Factors like inflation, economic cycles, and personal financial goals are crucial in long-term planning.
Q: What advice was given on optimizing investment performance?
A: Strategies such as asset allocation adjustments and periodic reviews can enhance investment performance.
Q: In what ways can investors adapt to economic shifts?
A: Adaptation may involve adjusting asset allocations, diversifying portfolios, and staying informed on market trends.
Q: How can emotional reactions be managed in investing?
A: By focusing on data, research, and long-term goals, investors can mitigate the impact of emotional decision-making.
Q: What services does Carson Investment Research offer?
A: Carson Investment Research provides advisory services through CWM, LLC, RIA, offering insights for wealth management and financial planning.
Highlights
Time: 00:10:45
Market Trends and Investment Impacts Exploring the latest trends and understanding how they affect investment strategies.
Time: 00:25:19
Diversification and Risk Management Insights on the importance of diversifying portfolios and managing investment risks.
Time: 00:35:55
Optimizing Investment Performance Strategies for maximizing investment performance in different market environments.
Time: 00:45:30
Data-driven Decisions vs Emotional Reactions Debating the balancing act between factual data and emotional responses in investing.
Time: 00:55:11
Navigating Financial Uncertainty Tips on navigating uncertainty and volatility in financial markets.
Time: 01:05:47
Long-term Investment Planning Guidance on planning for the long term and managing wealth effectively.
Time: 01:15:32
Research and Informed Decisions Importance of research in making informed investment decisions.
Time: 01:25:18
Adapting Strategies to Economic Shifts Strategies for adjusting investments in response to changing economic landscapes.
Time: 01:35:40
Balancing Risk and Financial Objectives Tips on aligning risk tolerance with financial goals for optimal portfolio management.
Time: 01:45:29
Wealth Management Insights Insights on managing wealth wisely and planning for the future.
Key Takeaways
- Understanding market trends and potential impacts on investments.
- The importance of diversification and risk management in portfolios.
- Strategies for optimizing investment performance in varying market conditions.
- Insight into the role of sentiment versus data-driven decisions in investing.
- Tips for navigating financial uncertainty and potential volatility in markets.
- Considerations for long-term investment planning and wealth management.
- Exploring the balance between factual data and emotional reactions in investing.
- Insights on adapting investment strategies to economic shifts and geopolitical events.
- Emphasizing the significance of research and informed decision-making in investments.
- Guidance on aligning investment goals with risk tolerance and financial objectives.
Behind the Mic
Welcome and Introduction
Yeah. Hello, everyone. Hi. Hello. Absolutely. Yeah. So I just want to make sure you can hear me, please. Can anyone confirm you can hear me? Yeah, I think we can hear you. Yeah, that's fine. So, hello, everyone, once again, and welcome to this edition of our weekly Ma. Osamalin is my name from the head of community for earlier. And we're thrilled to have you all join us for an exciting conversation. I think it's personally, for me, that we're having today, which is majorly the birth of. We call them the new four heavenly kings, which are. We have Solana, Baze, we have torn. I think we have BTC five, which is also an emerging one. And these blockchains, over the years, have been powerhouses for making waves in the crypto space. And we're going to be having some deep dive into what make them so successful and how they're shaping the future of this industry.
Acknowledgment of Speakers and Prizes
But before we dive in, I'd like to take a moment to acknowledge some of the speakers that we have in today. So. And before then, I think we also have some incredible gifts, let's say prizes for people that lucky to answer some of the questions we'll be having today. So, guys, I'd like to indulge you all to be very much attentive. Why we go on with the space. So today we have in our representative from twelve labs. We have in from 04:00. Thank you very much. We also have in. From Aukey network. We also have a representative from in adverse. So I'd like to, before I move on, give an opportunity to introduce yourself and the project. You represent Trove Labs, you go first, please.
Introduction of Trove Labs
Thank you. Sorry. Is Iman on the call? Iman from Trove Labs. I don't think he's here. Okay, let's. Nico, please go ahead. I think this is the second time I'm having you on the space. It's an ultimate pleasure for me personally. Once again. Yeah. Thank you very much. Please go ahead with the introduction. Yeah, well, thank you, Haus, and thanks for the invitation. Hi, everyone. This is Nicol, your old friend. I'm the speaker. I'm the speakers of four o's. So, four o's is the first module omnichannel interoperability protocol that supports the bitcoin ecosystem. So we designed to adjust the bitcoin isolation and liquidity fragmentation.
Presentation from Four O's
Our communication protocol ensures the integrity and reliability of data and transactions within the bitcoin ecosystem. So we have already connected with the bitcoin mainnet and also the largest number of leading bitcoin level two s such as BVM, BSquare, Marlin, Bitlayer, Lustoc, and many others. We were also integrated with over 30 public chains, helping users bridge their assets in one platform with just one click. So in the future, we will expand our interoperability to support more chains and assets to build a real all in one interoperability protocol. Thank you, host. Yeah, thank you very much. Nice to hear from you again, Nico. Oh, by the way, the name is so much intrinsic, I'll tell you, it's quite innovative as well.
Introduction of Aukey Network
Yeah. Thank you very much for that brief introduction. We have Carol from Aukey Network, the partnership manager, by the way. So can you go ahead and give a bit of introduction about yourself and the project you represent? I'm not sure you audible enough. Perhaps you might want to take a look at your mic or something. I'm not sure if this is from our end. Nicholas or Nico, could you confirm you can hear Carol? I'm not sure I can hear clearly. I cannot hear Carol. Yeah, I have my headphones on and she sounds like she's very far away from the mic, from my side. Yeah, yeah, exactly. So Carol, please could you check your mic? Or you might want to consider maybe stepping out of the space and joining the game.
Carol's Presentation on ZK Technology
Perhaps it might be a connection issue or the device. Not really sure. Okay, can you guys hear me now? Yeah, we can hear you now. Absolutely. Yeah, loud and clear. Okay, cool. So hi guys, my name is Carol and I'm the partnership manager from Rog network. So actually we're doing the words for zero knowledge module data availability layers and we break through the limitations of ordinary Da layers with its innovative zero knowledge proof centric modularity layer and why the ZKMDA layer is still under publishing and we will be like having a Testnet launching at the end of this year. We still develop three of our top mouse products and help the developers to build innovative Dapps ZK apps on the robust foundation to break the limitation of on chain execution and scalability issues of web three by providing Oracle the decentralized Oracle service RN, which is the secure, verifiable randomness for gaming and AI.
Product Overview from Aukey
And also our site is a Multisig and NBC wallet. We also got granted by Ethereum foundations and Mina Federation as well of course for the integrations with a lot of chains. We already on a lot of chains right now. AI layer is also one of them and also other bitcoin layer too, like BVM V square bit layers. So I think it's good to be here, you guys. Thank you. Because I don't know why I was logged out for a while. I'm back again, guys. Yeah. Thank you. Let's move forward to Nicolas. Nicolas, this is not the first time. This is the second time I'm hosting you. And I look forward to having an insightful conversation with you as well today. So let's go ahead, the audience.
Discussion on Current Trends in Blockchain
Thank you very much. Definitely. It's super nice being here with AI layer and also with you as well for another panel conversation. And so I've been in the industry, working here, in this industry since 2018, and I have worked with many different kinds of projects before, from blockchains to middleware tools, levy games and et cetera, you name it. And yeah, now I am the COO at Initverse. What we do here as inverse is that we're building a software as a service platform, and with its initial format, being a decentralized application builder, right now, currently in beta, we already have our own highly efficient blockchain and also a decentralized cloud computing platform that works hand in hand with it.
Innovations in Blockchain by Initverse
These two products are something that we're welcoming our community to come and test out, and we're releasing our that build before the end of the year. So that is also definitely something to look forward to. And, yeah, I can't wait to discuss with you guys more on the topic that we're going to communicate about here today. Yeah, thank you very much for that introduction. Yeah. And, guys, Nicole, that's. Yeah, the Nico. The first and second Nico, are quite loaded. I've actually had them on the space before, and. And I can tell you that there's a lot of things to anticipate, for the discussion. So, yeah, let's get back to the. Let's get back to the topic of the day, which is, the four heavenly kings.
Defining the Four Heavenly Kings
Heavenly kings. Like. Like I call them. I don't know if, the audience might actually forgive us, because when we say the four heavenly kings, you know, some might argue that, bitcoin is not there. We don't have ethereum there. You know, a lot of people can hug you to the fact that. What's the criteria, the legitimacy for this heavenly king as well. So, yeah, thank you very much for the intro. So let's. I'm not sure we have, since one of the speakers is not currently on the call, but please call my attention anytime he joins. Yeah. So let's take a deep dive into the topic of the day. So we're talking about the major four ecosystem builders we have witnessed in the space.
Exploring Major Blockchain Players
One of them is Solana, leading the charge. We also have Baze, we have ton and the BTC five. And these guys are not only growing, but they are truly leading the charge in the space today. And each of this blockchain have actually bring something unique to the table. We've seen how their development have exploded over the last few years. And I'd like to ask our guests that we have today that from what we've seen, that Solana with a reputation of speed and low transaction speed, low transaction fees, larger throughput and all that we also know Bayes fully together with Ethereum, how tone is leveraging Telegram's massive user base and how innovative BTC five is also taking the strength of bitcoin to new highs today.
Discussion on Constraints and Strengths
So I would like to hear your thoughts about what each of these guys bring to the table. So in your opinion, what do you believe are the constraints that have allowed these blockchains to capture such significant market share? You know, we've always known bitcoin and Ethereum as one of the major key players in the industry over the years and we've seen them pioneering the charge of, like, bitcoin or let me say, the web three crypto adoption over the years. But suddenly the advent of guys like Solana. Yeah, Solana. And a recent craze. So sorry for the word use of the word craze, I'll say crazy craze, the term blockchain.
Emerging Market Shares of New Blockchains
And also like. Yeah, like, what do you believe are the core strengths that have allowed some of these new emerging blockchains to capture such significant market share? I'd like to go with Nicholas first. Yeah. Definitely. So there has always been a lot of different kinds of blockchains.
Discussion on Niche Blockchain Projects
Right. And then within the selection, what I see is that definitely many of them have their own unique niche or way to go within the market or to try to untackle the current problems that we have within the industry in one specific way. Right. So, for example, we have Solana, as you have already mentioned, for some new users that is very, quite famous for their high throughput, their low transaction cost and etcetera, recently, we also have them being quite famous for all of the new meme coins that are being listed on top of it and definitely grabbing a lot of attention in the previous meme hike, so to speak. Base being a layer two solution that works together with Ethereum and it also utilizes op stack. They have this collaboration that is going on with optimism. And them being a layer two also helps them a lot to leverage a lot of the security or underlying support that the massive Ethereum ecosystem could provide with them. Time is definitely a very new topic as well, with a bunch of new applications as well as BTC five. Right? So I think them getting the attention within the market is also because a lot of users are like industry professionals, all starting to look for new emerging stuffs, new improvements, new innovations.
Impact of New Projects on Blockchain Evolution
And we can definitely see that these four projects or these four tracks or speak are pushing the industry forward in a certain way and have been quite successful in the way that they are utilizing. Hence providing a great impact within the evolution of the blockchain industry and helping us get into the next phase. Lowering down costs and having scalability is definitely super important. Previously with games, we talked a lot about market adoption, how to have mass adoption and etcetera and ton. The ecosystem also provided us with a very good answer in terms of doing user acquisition, web two, user transformation into web three ones, and et cetera. So definitely very impactful. Yeah, thank you very much for that context. As usual, it was much anticipated. So before I move on, I noted that Iman just joined the call from Trove Labs. So iman, welcome. Nice seeing you. Thank you so much. Good evening. From my side to everyone, all the speakers and all the listeners.
Introduction of Iman from Trove Labs
Yeah, yeah. So thank you very much. It's noon much my time and I guess for others it might be night, so we can say good morning, afternoon and night or evening anyone? Yeah. Thank you very much Ahiman, for joining once again. So before we move ahead to the question, I'd like to ask you to give a bit of intro about yourself and the project you represent, if you don't mind. Definitely. Thanks once again for AI layer and also you. So let me just give a small introduction about myself and also about travel apps. I'm in the crypto space from 2019. I was in various sectors, web three, Gamefi, Defi and also RWA, and now in BDC layer two. So coming to Trovelabs. Trovelabs is the forefront of blockchain innovation planning, the first modular institutional bitcoin layer two solution. So in our tech, we enable hyperspeed transactions and also devolves smart contracts on the bitcoin network.
Strengths of Various Blockchain Projects
Yeah. Thank you very much for that intro, Heman. Nice having you on the space today and I look forward to the incredible contribution. He's also behind on discussion and hopefully some of these are projects today might have a destiny of would most likely or definitely should I say. I'm optimistically saying I look forward to a day where we can boost our chance to say, but one of the heavenly would say, we're not ordinarily saying four heavenly kings, but say, one day. I look forward to a day where we say, ooo is one of the heavenly kings. We say, trove labs, one of the heavenly kings in advance. One of the heavenly Kings. And hockey network, by the way. Let's just walk towards that. I feel it's something, it's achievable. It's something that is very possible. These guys just sound like a play and they eventually become something big and.
Core Strengths in Capturing Market Shares
Yeah, back to the next question. Back to the first question, I'd say. So, Nico, so in your opinion, what do you believe are the core strengths that have allowed some of these blockchains to capture significant market shares over the years? Nico? Yeah. Okay. Thank you host, thanks for the question. So I think the four channels we are talking about on shaking up the blockchain space in different ways, and they each bring their own unique strengths and challenges. We know that Solana is famous for being super fast and scalable, right? So which make it really popular during the Solana summer, that homing season help it gain lots of attention, driving its TVL past 10 billion. So its challenge now here is keeping up that speed while staying decentralized and based. As in Ethereum, level two is all about lowering fees and improving scalability for device. I guess it borrowed some of the Solenoids min energy like with base Meetme at the bridge and quickly grew its community, pushing the TVL past 400 million.
Ecosystem Growth Insights
So I guess it benefits from Ethereum security. Well, it depends on it, which might be a limitation and tone with this massive user base thanks to Telegram, which Olivers use every day. And it's turning into a decentralized network that supports the apps. Tone's ecosystem has grown very fast during the past few months with literally everyone building on it. Like everyone, every friend, every project, every investors. So I guess thousands of mini apps have emerged with some phenomena like Cadiz, not coin and dogs, as well as some popular dating apps. I guess that everyone here got the air job from dogs, right? So we can see how popular that the Tong ecosystem is. I can say that tong is shaping the future of web three and bring it into a real world use. I personally like the tone ecosystem very much because I've done lots of research on the official website and I saw many campaigns launched to support the mini apps and the Dapps.
Challenges and Opportunities in Blockchain
So I guess tone has a really great ambition and a clear vision and then I just can't wait to see it come true. The last one we are talking about here is bitcoin fi which brings defi to bitcoin, creating real financial scenarios to bitcoin. So I guess this opens up a lot of new opportunities for bitcoin holders. But the challenge here is building more complex financial tools than the ones mainly focus on being a store of value. I guess each of these networks brings the unique feature and I think they. They are pushing the blockchain space forward, but they also have their own hurdles to overcome. I guess that's another story to tell. Thank you, host. Yeah, thank you very much. I definitely agree with your last statement. I'd say generally just the idea of ever leaking or idea of pioneers leading charge, all sort of that.
Innovations Beyond Hype
It's still a walk in the progress. I don't think anyone is there yet. Bitcoin over seven years, five years before people actually see the value of what you can offer. And I think bitcoin validation actually pays way for Ethereum and other altcoins that we have in today. And I feel like after having a break for over five years of what I say, distinctive innovation, the advent of these guys have actually changed the narrative to say, yeah, people can actually do more than we are. I think sometimes I go, we have a quiz of nfts proliferation of defi products, and eventually the hype got substantiated at some point, and the industry actually yarns for innovation, innovative solutions beyond the hype. And I think that's one of the reasons why we've seen some of these guys on the spotlight today. And, yeah, so that's it.
Challenges in Blockchain Progress
They see a lot of others to overcome. There's a lot of challenges to overcome. Everyone is still a work in progress, but yeah, this guy actually making a wave in the industry. So to Carol. Yeah, Carol, please, I'd like to hear from you personally. So in your own opinion, what do you believe are the core strengths that have allowed some of these blockchains to capture significant market share over the years? Okay, hey, thank you for your question. So actually, like, in my opinion, we got, like, solar, not based on or BC five will, like, always have the positive effect on the entire blockchain ecosystem. Because, like, blockchains do not, I think blockchain do not exist alone and they connected to each other.
Interconnection of Blockchain Networks
So when individual networks, they develop and the surrounding blockchain will still benefit and compared to other traditional blockchains, such as, like we have BNB, Polygon or Ethereum, the strongest point is that they're not properly not speed and transaction fee anymore because they have like been significantly improved by blockchain recently. So in my opinion their strongest are there growing user base and the new money flow like ton or based that you guys have mentioned really recently. They'll bring millions of telegram or income based users to the blockchain, practicing using them. And they will gradually learn about other blockchains as well. And for Solana, they are gradually attracted a lot of attention from large monetary organizations such as like Visa or their strong investment in DAPps that brings particular value to life such as like dependent AI and also have more and more users and cash flow to the blockchains.
Market Adoption Challenges
And finally, I think about like BDC five. Although it's quite difficult for new user to assess today ecosystem. But as everyone knows that in the BDC ecosystem the amount of BDCss that are lying in the Indo is extremely large and they promoting the BDC five will have the amount of BDC to be circulated more widely and thereby helping the blockchain industry develop as well. So they often say that currency must circulate to create value. So I think this can be like one of the best sentence to describe that. And of course with all that benefits, I still think there will be like biggest challenges that the blockchain might face. But new blockchain will face more difficulties, which is legality and blockchain that track a lot of attention will be noticed by government and set up barrier.
Future of Blockchain amidst Challenges
So however, I also think that the security will pass quickly because blockchain has been increasingly accepted and legal framework has gradually emerged. Although it is like a challenge, but it is also an opportunity as well because a more breakthrough, the developments there are, the faster this process will be accelerated. Thank you. Yeah, thank you. That was quite a lot and really insightful on point. I'd say from the explanation you gave we could know that. And I think that inference I could probably draw from most of the users point of view which is saying that these guys are unique in their own ways. Like Solana has come with their innovations around speed throughput transactions fee.
The Unique Contributions of Blockchain Networks
We have BTC Fi which is seeking to make beyond the so value of bitcoin convergence of Defi and bitcoin. We also have the torn ecosystem with the innovative approach in onboarding users like forcing adoption, mass adoption and all that. So each of these guys are quite unique in their own way. I'm not sure if Iman would like to also contribute on this question to see that some of these guys that we've mentioned to be pioneering or literally judge across different vertices to say in your own opinion, like, definitely we've got something to add to what the speakers have said. What are the core strengths, you think allowed some of these blockchains to get a lot of this market share, the market share they are having today, the popularity and name and also of that. So, Iman, you might also want to comment on that.
Iman's Perspective on Blockchain Strengths
Sure. Thank you so much. Once again, I think all the speakers, they have covered most of the points, so, but in terms generally speaking, I would just say some base is new, very new in this actually ecosystem. So Solana and ton were like from many years, but torn has grown rapidly after DWF labs investment, I guess. And also they were focusing more on development side in various parts of the world, in african region, asean region, and also european region as well. So in my opinion, yeah, Solana offers a high throughput with low fees, but coming to the base, which is having a more security and while having a more scalability as well at the same time. So just to say there is a more gap or maybe more opportunity for BTC five projects as well.
Closing Remarks and Opportunities
So these are having a more interesting. Sorry, Heman, sorry for cutting you in. I just noted a very interesting point you just made. Yeah, we talked about Solana's throughput, low transaction fee. We talked about base scalability, security. We talk about tons. You know, each of them have core feature. So do you think this points to the question of the trilemma? That was theory of trilemma, should I say? Is it a theory, is it a theory or unknown for a fact that we can have a single solution that convalesce all these major characteristics? So I think that might be a very good question. We have any of the speakers that is willing to answer this question, and I think it's going to be very much appreciated because we have Solana's throughputs, transaction fee, we have BTC file, you know, decentralization of the bitcoin security, troop security, scalability and all that.
Exploring the Trilemma in Blockchain
So what's the thoughts about, is the idea of trilemma, is it a fallacy? Is it a known fact?
Discussion on Blockchain Ecosystems
Like, we would like to also hear from the speakers that we have today to see what's your thought about? Does this dichotomy beyond between Solana, base tone, even bitcoin Ethereum itself? Does it points to, does it justifies the idea of the trilemma, you know, inherent in the systematic, systemic structure of the space? Yeah, human, you might want to go first. I'd also expect if any of the speakers is also liking to, you know, to comment or give a context to this question as well.
Innovations and Unique Features of Blockchains
Yeah, sure. I can say, I can say. Let's start with BTC five. A lot of gaming projects and DeFi projects they were so interested, for example, taking in the example of core blockchain and they have gained massive number of transactions volume and at the same time unique wallet address. So they are also focusing more into some grants, giving early projects and encouraging them. So we are also seeing the results at the same time and also torn the famous one not coin, it started telegram board. And you see now there are a lot of projects coming up on ton blockchain and also more and more may come in the next few months. And base as well. Base is very new and also like it's a backed by coinbase as well. So the trustee and Solana would, you can say the lower fee and also a lot of developers activity we are seeing.
Comparing Blockchain Growth and Ecosystems
So what I am saying finally is all these blockchains has unique things and also they grow very uniqueness in the. Compared to other blockchains that we are having right now. Yeah, thank you very much for that notable contribution. Yeah, I think I'll get back to my question about Trilemma later on. And there's a concept, I don't know if anyone on the call is familiar with it, the Matthew effects. The Matthew effects, which basically states the strong gets stronger, the weak gets weaker. Probably some of the weak gets, you know, so as you just touched upon, each of these ecosystem have their own unique strengths, but with also at the same time seeing something known as a Matthew effect, where the strong gets stronger. I know we've seen this ecosystem.
The Importance of Unique Strengths
We've seen that this ecosystem are growing exponentially because they've managed to create a network effect. For example, I'll give an instance. I'm Solana rapids. Transaction speed. I've made it a very go to for DeFi and gamefi projects majorly. I'll say meme coins and all that. It's making a very ideal space because of the transaction field, the throughput as well. So they've been able to successfully create a network effect around their solution base, for example, which is all backed by Coinbase. I've also been seeing a very strong integration with ethereum ecosystem. Ambitious fire is also offering, you know, bitcoin odors a new way to engage with DeFi applications without leaving the safety of the bitcoin network.
Targeting Niche Markets
So, you know, like I said, like these guys have been able to build a philosophy around their solutions. They've been able to successfully targeted niche down their markets. You know, to a very much. I use the word segments, I'd rather use the word segments like segment the markets in such a way that they've network effects around some sort of like user group to make them the ideal destination for some targeted audiences. So in your own opinion, I'd say, what do you think Solana, Bayes and the rest of all the guys are able to pull ahead while a lot of us in the ecosystem today struggle to keep up? And what does it mean for some of us that are looking to compete in this environment?
Competitive Landscape of Blockchains
It's so much crazy, the fact that we used to have bitcoin, we used to have Ethereum, and suddenly now we used to have Cardano and all that, next Knox, etcetera. But today we have likes of Solana come out of nowhere. We have ton, we have Bayes, we have BTC five. What is the competitive landscape in the industry today? What does it look like for some of us that imagine still yet to come see, yet to be known? Because I believe every project have their own unique innovations in one way or the other, because were able to see likes of Solana today they are in spotlight, doesn't really mean they are the one at the forefront of innovation.
Innovation and Attention in Blockchain Projects
They say a lot of projects, I say a very small scale today. They are doing far better in terms of the transactions and throughput, scalability and all sort of that, even in terms of utility, in terms of, you know, having uniqueness in utility. So for our speakers, how do you think these guys have been able to amass so much attention around their project today? And what are they doing differently that some of us struggle with? What does it mean for the, for some of us that are looking to compete in this environment? So let's do a 360 cycle. Back to Nicholas, let's hear from you.
Analyzing Ecosystem Fragmentation
Nicholas, thank you very much. Sorry, once again. Right, definitely. I totally agree. There are a lot of blockchain networks out there recently, and this is something that is also within the recent topics recently, right. Because the users and also different kinds of asset values are then scattered around different kinds of blockchains. So with this kind of a background, there is also an industry theory that is coming out, in which people are also starting to see that with so many competitive blockchain ecosystems out there, it is becoming a little bit clearer or starting to have a trend where users and attentions generally start to gather, where there are successful and comprehensive applications.
Ecosystem Expansion Influences Success
This is also one of the reasons why a lot of people really look a lot into ecosystem expansion. So with many of the projects that we have been talking about, blockchain projects, we see that they all have very good project enrollments or project onboarding abilities. They have a comprehensive and also vast ecosystem them. And they also have this ability to help the projects that are onto their blockchain to become more successful or influential in some sense. And this then helps the blockchain to capture the value of these applications and the users that come because of the applications themselves and basically benefits on top of that.
Creating Industry Collaborations
I guess, though technical wise they are different and fundamental wise they are all different, but this is one of the points in which they are all succeeding. A lot is of ecosystem expansion and definitely also with the assistance of a lot of promotion, user acquisition strategies, authority levels, building industry collaborations and etcetera. Yeah, I'm looking at these examples. This is what comes to my mind. Yeah.
Exploring the Blockchain Impossible Triangle
So Nicholas, do you think this also contributes to the idea of the bitter Lima, that we might not have a solution that actually captures some of these inherent characteristics of blockchain in terms of scalability, centralization, security and all sort of that? Does this add this uniqueness, inherent uniqueness across all this project? Does this prove to this idea of prolama? Or is it a strategy of each project having to fragment or segment their markets and define their users rightfully? Right.
The Inherent Architectural Problem
I think this is a topic or the blockchain impossible triangle. Three things being balanced or succeeding three together is very difficult. Decentralization, scalability and security. Right. So this is a concept that has been within the industry for a very long time. The first time I heard it was around 2018, I guess. So at least that is when, like, I started to join the industry and it was already there.
Layer Two Solutions
So I guess, for example, within these projects, we're already starting to see base, right? Base is a layer two solution. So before, at that time, there weren't this kind of a concept of a complete layer two. At the time we had side chains, which currently is more considered over layer one. So layer twos have this unique advantage, for example, to start to utilize the security office underlying blockchain, and then it could focus more on the other two parts itself. So these two can start to work together.
Innovation in the Blockchain Industry
Then we're also starting to have a lot of industry technological improvements that are currently going on. So what I'm currently seeing is actually that this kind of a triangle is still a kind of a, I don't know, magical force or underlying force that works there. However, these three things put together, there's some at least is starting to grow bigger and bigger as the industry innovates and improves. Yeah.
Balancing Security and Transaction Speed
Thank you very much. Well, coming from a security background perspective, I'd really say that, like you said, it's just a kind of like, inherent architectural problem, because it's always the case when we have security at the optimum level, you sort of have a conflict in terms of user experience and also in terms of speed, because to make things secure, like, to actually enforce security in any system, it has to be complex enough for machine to break.
Advancements in Technology
And another week, we gradually moving towards the era of AI and quantum computing, when we have machines that can actually process things in almost, I don't know the units, how they used to pronounce it. Should I say quantillion or should I say septillion? I don't even know if that makes sense. But that's just to tell you how unfathomable machines can actually process things today.
Bitcoin's Security Architecture
And that's why bitcoin, for example, is being built with that inherent security feature. And that comes at the expense of the true put, which is the transaction speed. And that's why you see today that bitcoin still struggles to get about seven transactions per second. And it's actually given a lot of concerns. But we know with the advent of layer two solutions, we've seen more of use cases in terms of look at lightning network, for example, another layer 2 billion on the bitcoin ecosystem.
Meeting Bitcoin's Challenges
Why? Because I'd always repeat this. For bitcoin to actually fulfill the destiny of being a globally acceptable medium of payments, I think it has to majorly power microtransactions. And I think that's the very basic use case. It has to fulfill before it becomes a global entity that people use in exchange and also beyond the store of value, because I'll say that visa is one of the major examples that is always being used in this case. And visa process tens of thousands of transactions per second.
The Challenge of Transaction Rates
And bitcoin competing with web two proponents and having seven transactions per second, I think that's a lot to go with in terms of security. We all know that bitcoin leads the charge. I'll say that perhaps due to the security architecture of bitcoin, that's why we have this low transaction speed. And that's why we always encourage the advent of layer two solution. We could actually gap between the security and transaction speed as well, because so far so good. I would say bitcoin is the most secure.
The Security Discussion Continues
It has a tamper for security. Yeah. So, yeah, I would hack Nico, a much different question, you know, and I would like to take it from the last question I asked Nicolas, in terms of the competitive competitiveness in the space. Can you imagine projects? You know, I used to just get discouraged and leave this guy to keep innovating. And I think Nicolas mentioned a very good point in terms of why these guys are on top of their game today.
The Role of Major Players
Even beyond their personal innovation, but beyond their basic innovation, they still have a lot of incredible support by some of the major players in the space today. We could see that Coinbase is actually one of the major backer of base. I don't know, it's a root word in the base. By the way, I'd like to ask Nico and also I'd even give a more bigger context just to expand on the previous point I've established we're now seeing increasing number of projects entering the market as well.
Challenges for Small Projects
Like Nicolas mentioned, a lot of blockchains imagine, but most likely few always manage to succeed at the level of this dominant ecosystem. You understand? You know, even despite their innovations, despite their approach, despite the strategy, we always tend to see few of these guys tend to succeed at the level of this dominant ecosystem. And while it's certainly possible to break through because these guys have actually depicted there were nowhere to find, nowhere to be found five years ago.
The Steeper Barriers to Entry
So why it's certainly possible to break through the barriers to entry are now getting a little bit steeper. As you know, some of these four major guys are solidifying their positions and these blockchains are drawing in developers in terms of funding, in terms of user acquisition, incentivizing participation, incentivizing activities and all sort of that like massively take domination space. And this is actually making it quite difficult for smaller chains to establish even a foothold.
Advice for Emerging Blockchain Projects
So in your opinion, Nico, what advice do you give developers or projects trying to make their mark in this ecosystem? Should they aim directly as these giants? Or is it more strategic for them to find a niche opportunity to complement some of this platform that we have today? Over to you, Nico.
Seeking Clarity on Competition
Sorry, can you repeat the question? I think you were talking about talking with Nicolas? Oh, you know, definitely. So I think the question I was asking for, I was directing to you was, you know, I was just trying to expand a bit on the previous point that was established by Nicolas, you know, as regards to the competitive ecosystem, the competition in the ecosystem today, and I'm. The inference I'm trying to make is with the increased number of projects entering the market, we've got a lot of big blockchain solutions like or Defi solutions building on the space today, you know.
Understanding Failure Patterns
But we've most likely seen a consistent pattern in terms of the failure of this, of these guys, you know, and you know, not being able to succeed at the level of this dominant ecosystem. A lot of people are succeeding at a very small scale. I've not seen most of these guys rise to the level of, you know, these big guys, you know. And I've also majorly said, you know, I believe personally that it's possible for anyone to rise and actually reach the Ecuador, you understand.
Addressing Barriers to Emerging Projects
But the major problem is like there's a lot of barriers to entry and it's getting steeper as some of these guys are solidifying their positions. We've seen them drawing developers in. We are funding, we have support users making it difficult for even smaller chains to establish a foothold. So I'm asking as a direct question to see if you would like to give developers or project owners trying to make a mark in this ecosystem sort of like advise that should they go, should they aim directly for this main giant or is it more strategic for them to find a niche, opportunities that can complement these platforms well.
Exploring Niche Opportunities
I would like to take Tong as an example because of its deep integration with the telegram.
User Base Importance
So this gives it a. And access to millions of active users. So if I give any advice to the developers or the project owners I would say get your own user base because it's really important to bring more energy, more utilization, even more found into the ecosystem. Still take Tong as an example. As more users within the Telegram start using Tong's blockchain features such as it's in app, wireless or mini apps, it creates a positive feedback so new users are more likely to join because of the existing large and active user base. So I would say user base would be like the most important thing for project owners or the developers to focus on.
Competitive Strategies
Yeah, definitely. I think that's a very straightforward answer response to that question. And I think that will bring us to the next question I'd like to ask. And I'm going to come back to Nico just in a while. So for Carol. Yeah, I'd like to because Nicole just mentioned about having a user base and how that is most likely to even give you an edge. Compete fairly in the space today, like coming with your own users as opposed to trying to acquire some of the users that this guy has labored hard and has daily paid for to get onboarded, trying to retarget their existing users. And as opposed to bringing your own user base, or, I don't know, I would say creating a niche market so I can actually attract a new level of users. So for Carole, one of the reasons why, I think what Nico said is one of the reasons why some of these guys are thriving because their strength is their community, is this user base they have.
Community Engagement and Strategies
And we've seen whether through airdrops, second campaigns, social media engagements, a lot of them have figured how to keep some of these users involved excited. Look at Solana's NFT community, the tone telegram integrations, likes of not coin hamstack on brad Tapswap, etcetera. You know, how they've been able to massively tap into the love web, two users, incentivize them and bring them on board. And I think that comes a lot of cost. At the same time comes a lot of value. And that's how the strength of this guy. So in your own opinion, Carol, so how important is community engagement to the success of some of these guys from your own standpoint of view? And can you share any standout strategies or campaign that have stricken you out in the last few months?
Trends in Blockchain Technologies
From what we've seen from ton, I think Solana, the trend around Solana is, I don't know, not very consistent with what we used to know in the past. I think the major guy of the town, the major sheriff in town today, is torn. They're the one doing the magics and all that with the telegram integrations. And we've now been particularly effective in building stronger community. So do you think it's a very nice approach for other project owners? Take. Nico has advised project owners to try as much as possible to build their own user base. People that will be loyal to them, are loyal to their ecosystem and all that. So do you see this strategy has been a repetitive one.
Advice for Emerging Project Owners
So what's your thoughts about what project owners could target for future campaigns or just focus on this, you know, maintain this momentum? Okay, thank you. Okay, thank you. So basically, I will speak for my opinions. Actually, to be honest, I'm not quite familiar to everything about campaigns, about four tons or certain other things. Because actually, right now, with all the community engagements that, with thinking that can be focusing on, for example, I would take ROG from our side would be an example for that. We are really focusing for opening for community, especially not just in terms of reward or any kinds of airdrops or any kinds of activities.
Engagement Strategies and Community Focus
I mean, it's just a part of that, but we got to be focusing for education for the community as well. We do not want all the community just come for us in terms of just wanted to get the airdrop in the future or just wanted to get a part of the reward for the future. But they wanted to get to Rog because they wanted to know about Rogs. I think it would be the same with other blockchain as well. And in the other times that there are some kind of blockchain and also some kind of projects that they're going to be using all the news about like investment new funding news in order to attracting from more communities and also like others audiences from outside in order to get no to their projects.
Investment Strategies and Community Value
What Rog, basically for personally Rog is doing right now, we are keeping that investment news at the. For the very last end because we do not want just shows about our funding status. Our financial are like investment in order to attract for their communities and also to get the engagement. But we wanted to make it like the most valuable information as much as possible in order for communities to try. And so for example, right now, Archie, we are having like we actually do have our own campaigns that call contribute to earn. If you check our twitter you can see that.
Collaborations and Community Growth
And we already integrated with like more than twelve partners already and mostly doing for social engagement and also like education as well. And I think that current problem is that based in other blockchain ecosystem like Chung Son, they also have a very huge cash flow. So I think doing a lot of activity won't be a problem to them. Right. And and I think there's specific role for Solon Anton probably, but like the special role that Solanan Tong probably do not have with each. Like they mostly go to the market by like extremely news.
Competitive Landscape in Blockchain
For example, like Bayes are backed by con base. So that what makes Bayes really unique and there's the role that Solon Anton probably do not have which is back in back on base. And they also like companies also like locomotively leading the crypto industry in the US and also does it says that base has a certain impact on the mass adoption of crypto in the US as well, where not only is the most abundant money flow, but also have industry standard. So I think there are a lot of ways that they can get to the market and also to engage with the community as well.
Encouragement for Builders
Yeah, I think that will be my opinion. Yeah. Thank you very much for that. I don't know. We run out of time. We spend closely an hour in the space in as much as I like to take my time to milk as much as possible valuable information from the guests we have today, I like to equally consider the timing as it's getting late for some of the guys on the call today. It's about a few minutes to 09:00 p.m. singapore time on Hong Kong time as well. Yeah. So the last question I'd like to ask Iman is, I don't know.
Looking Ahead for Blockchain Innovators
Iman is on the call. I think it's going to be a very important discussion we might be looking to have in our next space to see, to take a look, a deep dive into some of the strategies that these guys have imbibed over the years in terms of incentivizing users participation. I like the fact that Carol took a very different point of view in terms of objectively looking at some of these approaches. Like, do they really bring loyal users even after the incentive stays back to use your products? You know, I don't know. You know, share the love of the product to other people and become a very regular person.
Evaluating User Engagement Approaches
Like, I don't know the approach you're using in terms of onboarding user today. Is it effective enough to emulate or is it just creating a sort of, like, craze? I love, like, ungrateful sort of like users or let me say, should I say entitled form of users. So those are some of the things I was looking to discuss, but I think that will be a topic for another day. So may just have a conversation around, like, you know, exploring some of these approaches in terms of, you know, user acquisitions that, you know, guys like tones have leveraged incentivizing activities and all that.
Thoughts on Emerging Projects and Sustainability
So. Yeah. Lastly, I would like to ask Iman this question. Iman, sorry, are you with me? I'd like you to also share your thoughts. I'd like to combine two questions for you, and that will be the end of the question today. So what do you think of other guys that are coming up, like, for the upcoming project owners that are looking to be one day in the position that is currently occupied by Solana torn base BTC five, what do you think? What do you like to say to the emerging product owners? What advice would you most likely give to them in terms of the approaches they should take in terms of, you know, should they engage in the same, because the competitive landscape is just getting steeper and, you know, it's becoming much more difficult for young guys, or let me say, the smaller guys to come up and also, should I say freely compete or let me say, fairly compete in the space?
Support and Growth in Blockchain
Nicolas made a very solid point around some of the support so we can really attribute all these successes to this guy alone. I think we can also give thanks to the support they've actually gotten from the industry leaders over the years. So for a guy that is building a very innovative product in a corner of Singapore, maybe some markets in Hong Kong or anything, like, most likely we don't have this kind of support or most likely not have the acumen to woo guys, to woo the founder of Telegram, like Tona Z, you know, so what do they stand to do? Like, how should they do? Should I just give up and say, these guys are just a big four and nothing more?
Perseverance in Innovation
Because I could vividly remember that five years ago we don't have these guys, and today we have them, and tomorrow we'll be having some other guys, but the other guys that wouldn't give up today. So what is the, what's the food of thoughts for them? Coming up. Jack, Matt said, today is difficult, tomorrow is much more difficult, and the day after tomorrow is beautiful, but many people die tomorrow evening. So what was the one word you like to say today? Not to give up, not to die tomorrow evening, and to stay, keep fighting, keep innovating till the very tomorrow that everyone laugh last and laugh the best here.
Building and Innovating Together
Thank you very much for that. Iman, over to you. Thank you so much. It's a great information that you have shared and also the speakers as well. So I just want to say only one word, like key building. Take feedback from your community. So eventually you will be growing and also your project. Everything will be growing ahead. And one thing I can say is, if you see a big, major projects as a competitor, of course you can see them as a competitor, but you can also get a support unknowingly at some moment, you don't know.
Maintaining Focus and Encouragement
So just believe in your project, take suggestions, and also take feedback from the community and keep building a unique one. And also, maybe if you're building the same one on a different blockchain, really no worries. But you can just go ahead with your focus. That's it. I can say. Yeah. Thank you very much. Nicholas, do you have anything, do you have anyone want to say to, the current builders not to give up and keep striving, keep building, keep fighting, you know?
Upcoming Bull Market and Community Collaboration
Yeah, just keep fighting. yeah. Nicholas, any word of encouragement? Yeah, definitely. looking ahead, everyone is expecting for a bull run to come, right? So there is a lot of excitement within the industry, and I guess the industry has never been better than today. So, yeah, just join us, all of the professionals that are here within the panels as speakers and also other amazing projects. And let's co build together and make a more perfect and more prosperous blockchain environment together.
Looking Forward to Future Collaborations
Yeah. Thank you very much. Nicole, onto you we go to. Yeah, I think you last, then we call it a day. Nico, any word, any word of encouragement for current builders to keep building, to keep fighting, never to give up. And one of them might become, most likely become like these guys. Okay. Yeah. So thank you very much, everyone, for joining the space once again, AI layer TG is coming up, probably most likely in few weeks, I'd say.
Acknowledging Contributions and Looking Ahead
That's just the basic, I could tell you for a fact. So thank you very much for joining us. Please. We'll be having this next week. This is the 25th episode, by the way, and thank you very much to. So, yeah, for the speakers. I'd like to also thank you once again for your time and insightful perspective. I'll say some of the successes that we've witnessed of Solana based on BTC, testament to some of the incredible innovation and community building happening in the blockchain space today.
Final Thoughts on Future Developments
And we're excited to see how the ecosystem will continue to evolve. And I would also like to appreciate the attentiveness of some of the audiences that have joined us today. And most likely, should I say, the composure and be sure to follow us and keep an eye on our upcoming announcements, especially as we prepare for our TGE in the next few weeks. So say, stay tuned and see you next time. Bye. So thank you very much, Nicholas, Nico, bye.
