This article will discuss and analyze the Monad ecosystem and their upcoming L1 blockchain which aims to be a high-powered version of Ethereum. Furthermore, we’ll take a look at several different upcoming apps and art collections that will be hosted on Monad. Monad recently raised $225 million in their Series A round of funding, led by Paradigm; the new funding puts Monad at a valuation of $2 billion. In the words of @intern (on X), the head of growth at Monad, “Monad is a re-imagining of Ethereum from the ground up by redesigning both execution and consensus layers to introduce 4 major improvements: MonadDb, parallel execution, asynchronous execution, and MonadBFT.” This was from @intern’s summary notes on the recent Bankless podcast “Monad vs MegaETH” - a great introduction to what Monad is shaping up to be when it comes time to launch their mainnet, which is expected to release in Q4 of 2024.
It’s no secret that Monad has a strong reputation not only for what they’re building, but the quality of their team. It starts with their co-founder and CEO, @keoneHD, a former trader at Jump before Monad; I’ve personally seen Keone respond on the timeline to individuals curious about Monad or interested in getting more involved in the Monad community. A great example of what it means to be a proactive and caring founder. Add two more co-founders in @0x_eunice and @_jhunsaker, and there’s a great leadership team with a highly visible presence on the timeline. Everyone’s favorite crypto and NFT account @notthreadguy is also on the Monad team; the Monad team runs deep and is full of nothing but top of the line talent.
Monad’s core anticipated feature is parallel execution and the blockchain’s expectation for an incredible throughput of 10,000 transactions per second (TPS). There are several applications that are being built on Monad; @KuruExchange is an exchange that will be on Monad and will enable you to find and trade coins through a fully on-chain orderbook. An angel investor in the company is @keoneHD, further proving the CEO’s commitment to developing future ecosystem growth. Another app that will be on Monad is @kizzymobile, a social media betting app that currently has a closed alpha form on their website for individuals interested in what they’re building. There’s also @aprMEV, which will be a mev powered liquid staking platform on Monad; many more incredible apps will be built on Monad and developer activity will surely be high, with Monad’s devnet already being launched this past March.
There are several anticipated NFT art collections that will be on Monad; the main PFP collection receiving interest has been @monadians_xyz. Another NFT collection that will be on Monad is BlockNads, which takes an interesting approach by introducing factions within their collection. You may be wondering how you can get involved with Monad and join the community; the first step would be to join their discord and network with other community members while being your authentic self on the timeline. There are also three houses within the Monad ecosystem: the House of Chog, the House of Molandak, and the House of Moyaki; these houses are telegram chats named after Monad’s fun and recognizable characters regularly seen on the timeline. An invite to one of these houses may be received through remaining active in the Monad community; creating content and connecting with other Monad enthusiasts is a great way to do so. I’d like to give a special shout out to the House of Moyaki as that’s where I reside and you can find me posting art and just having a good time there. Additionally, there are regional communities for Monad on a global scale, with meetups happening regularly.
The Monad community is incredibly strong now and will only continue to experience growth well into the future. Big companies in the crypto space such as Phantom will be compatible with Monad from day one of their mainnet launch, and more news will surely be on the way when the time comes. Thank you for reading the first article of Catch up with Cascade; I hope you enjoyed it and be sure to subscribe for more crypto-related stories.
