Cryptso’s Casts | Jan 2024, Onchain Is the Next Online

Cover artwork courtesy of Crowdmuse.

Welcome to the Cryptso’s Casts newsletter! Every month, I curate my best thoughts, ideas, and observations on crypto and the industry at large.

Casts of the Month

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David Tso on Warpcast

There is no other sector in tech that is as messy and noisy as crypto But behind all the noise, a lot of smart people are quietly improving wallets and L2s that will bring the next billion people onchain As we go into 2024, I’m more bullish than ever that every single part of our world is going to come onchain

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David Tso on Warpcast

2024 is the year that the world wakes up to the benefits of onchain: - A platform that is global from day one - Payment rails built in by default - Ability to save money in a stable currency - Access to basic financial services globally - Free-flowing of value and money - Disintermediating gatekeepers...

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David Tso on Warpcast

Via @fredwilson.eth “As important as regulatory clarity is to web3, it pales in importance with the need for a ChatGPT moment for blockchain-based technologies. AI developed for over 40 years before its coming out party. I think it will take web3 less than half that time.” https://avc.xyz/what-will-happen-in-2024

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David Tso on Warpcast

2024 will kickstart crypto’s S-curve, where the right mix of decentralization, security, and performance enables a wave of safer, easier, and mainstream consumer apps This is why I’ve created the /consumer-apps channel to share cool consumer crypto apps emerging – give it a follow!

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David Tso on Warpcast

Core infra that enables new apps continues to be one of the hottest narratives in crypto Join me and others on the /infra channel to discuss some of the most promising crypto infra and tooling developments! https://i.imgur.com/9k5u6hE.jpg

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David Tso on Warpcast

Messari’s State of DePIN: https://messari.io/report-pdf/f125632168e9a04e016fe43bc551f412389eda4f.pdf

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David Tso on Warpcast

This roadmap is the beginning of a paradigm shift where the entire world is going to be re-platformed from online to onchain Base is already where people are building products that will change the world, and now it is starting to become the center of the onchain economy https://warpcast.com/jessepollak/0xe15d3572

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David Tso on Warpcast

Crypto UX doesn’t suck, it’s actually better: - Sign in to apps with @coinbase wallet - Send messages and money directly with @xmtp - One-click payments and checkouts with slice.so What did I miss?

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David Tso on Warpcast

The biggest winner of the Bitcoin ETFs today? @coinbase They’re the custodian for 9 of the 11 firms that filed a Bitcoin ETF (Grayscale, Ark/21 Shares, BlackRock, Bitwise, WisdomTree, Invesco/Galaxy, Valkyrie, Global X, and Franklin Templeton) https://i.imgur.com/abRGC3U.jpg

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David Tso on Warpcast

Bitcoin ETFs have crossed $2 billion in trading volume in the first hour of listing But job’s not finished All eyes on Ethereum ETFs, which could be approved as soon as May https://i.imgur.com/FWRNmKj.jpg

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David Tso on Warpcast

People in countries that are high-inflation and remittance-dependent want: - A stable store of value to save money - Faster and cheaper ways to send money - Access to the financial system to make money This is where $USDC comes in https://twitter.com/jessepollak/status/1745830362859864141

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David Tso on Warpcast

Last week, $100M+ was distributed to 501 projects building public goods and open-source software RetroPGF, now in its third iteration, is becoming an incredible force of good that has the potential to fix many of the challenges we see today with ESG https://i.imgur.com/RRJaVK4.png https://twitter.com/VitalikButerin/status/1745514958442361174

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David Tso on Warpcast

thirdweb’s Consumer Crypto Report: https://docsend.com/view/7rtwqsyq6gmvznpu

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David Tso on Warpcast

Excellent piece on consumer crypto from @amanda Feels like a continuation of @nickgrossman.eth’s The Myth of The Infrastructure Phase and how it applies to crypto today Early apps inspire infra, then that infra paves the way for new apps https://medium.com/@amanda0x/consumer-cryptos-breakout-cycle-2a212f2d1f4b

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David Tso on Warpcast

Coinbase Ventures’ Understanding the Zero-Knowledge Landscape: https://www.coinbase.com/blog/understanding-the-zero-knowledge-landscape https://i.imgur.com/6YOdQnx.png

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David Tso on Warpcast

The much anticipated 2023 Crypto Developer Report by Electric Capital is finally out The future of crypto is: - Global - Multichain - Bright There’s no better time to build onchain than now!! https://www.developerreport.com/developer-report

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David Tso on Warpcast

When it comes to crypto education, Cornell is not just the #1 university in the world – it also offers more crypto/blockchain-related courses than any other top university Join my alma mater Cornell Blockchain this semester to be part of the next generation of blockchain leaders: cornellblockchain.org https://i.imgur.com/Xc3m1sN.jpg https://i.imgur.com/5NMdRGf.jpg

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David Tso on Warpcast

Agreed, the goal now is to make secure blockspace affordable for every developer to build on Compute on L3s will be as cheap and accessible as Amazon EC2 This will unleash the next wave of permissionless innovation and the long tail of use cases for crypto to succeed https://warpcast.com/jessepollak/0x5654f3df

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David Tso on Warpcast

Crypto’s killer app is exporting the dollar on software-native rails: - Stablecoins have grown from $3B in circulation to >$125B in 5 years - Ton of real users in LatAm, Africa, Asia - 5M weekly addresses, 75% <$1K per week Who’s hacking on a bridge from Tron to Ethereum? https://liamhorne.com/stablecoins

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David Tso on Warpcast

The Crypto Consumer’s The State of Consumer Crypto https://paragraph.xyz/@consumercrypto/state-of-consumer-crypto

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David Tso on Warpcast

Big win for onchain payments and checkout! 🛒 @beam-eco and @join enabling shopping on Amazon and Shopify with stablecoins is a major step forward The best part is it feels all the same whether you’re using $USDC or $USDT on @optimism or @base – time to bring commerce onchain https://warpcast.com/dstny/0xd172bd6e

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David Tso on Warpcast

Venture studio model for consumer apps courtesy of @li 👏 https://warpcast.com/li/0x752ef30e

Consumer Apps I Liked

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David Tso on Warpcast

Mint an onchain hat NFT and redeem for a physical hat https://t.co/hOKhEvmnrb

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David Tso on Warpcast

Onchain commerce @crowdmuse by @mmazco https://www.crowdmuse.xyz/collect/attention-power-crew-neck-slow-rodeo-base-house

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David Tso on Warpcast

Create your onchain store https://slice.so/

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David Tso on Warpcast

Upload your own sticker art and get paid when other people mint it to customize their 3D bottle NFT https://h2o.deleteyourself.com/

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David Tso on Warpcast

Become a shareholder in world-renowned songs https://anotherblock.io/

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David Tso on Warpcast

Get access, rewards, and perks whenever you dine out https://www.blackbird.xyz/

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David Tso on Warpcast

Bring your imagination onchain https://zora.co/

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David Tso on Warpcast

No-code tool for onchain NFT collections https://www.indelible.xyz/

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David Tso on Warpcast

Mint NFTs and give your collectors unique and valuable utility https://manifold.xyz/

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David Tso on Warpcast

Create generative art onchain with powerful testing and preview tools, draft mode, and the ability to use any assets or libraries you like https://highlight.xyz/

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David Tso on Warpcast

Multiplayer open-world adventure and monster combat arena game with truly decentralized IP https://www.pixelmon.ai/

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David Tso on Warpcast

Sci-fi based competitive card game where you build decks and face off, bank energy, and decide the fate of humanity https://parallel.life/

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David Tso on Warpcast

Store, invest, and convert your local currency to digital assets and vice versa https://www.onboard.xyz/

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David Tso on Warpcast

Onchain community currency supporting local businesses in Oakland https://www.oak.community/

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David Tso on Warpcast

Design unique digital spaces to share exclusive content, host drops, and engage directly with your biggest fans https://www.bonfire.xyz/

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David Tso on Warpcast

Chip, mint, link, and configure to deploy digi-physical experiences that better connect you with your audience: iyk.app https://i.imgur.com/qGC5Rjc.jpg

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David Tso on Warpcast

A fully onchain, generative racing game: speedtracer.xyz https://i.imgur.com/tU7aJDj.jpg

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David Tso on Warpcast

Play as your NFT avatar with the communities you care about to win onchain rewards: niftyisland.com https://i.imgur.com/s8HO8lw.jpg

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David Tso on Warpcast

One Collective Noun, every day, forever https://www.yellowcollective.xyz/

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David Tso on Warpcast

Create and customize your very own custom punks: custompunks.app https://i.imgur.com/l4tQK6w.jpg

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David Tso on Warpcast

Onboard Wallet is making it easier for people in Nigeria and Kenya to get onchain 🌍 https://x.com/onboardwallet/status/1750129902479626325?s=46&t=WH1NEB3O4jfMt861gchHvA

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David Tso on Warpcast

Catalog Radio launching Jan 30 📡 ♾ 💽 https://beta.catalog.works/

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David Tso on Warpcast

Guide your Snaky Cat through obstacles and outmaneuver rivals to claim the top spot on the leaderboard https://snakycat.io

Infrastructure Updates

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David Tso on Warpcast

A match made in heaven: - @privy abstracts wallet creation - Pimlico abstracts all onchain UX https://warpcast.com/privy/0xf1ae320d

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David Tso on Warpcast

Deploy a rollup with @celestia underneath on 11 RaaS platforms https://twitter.com/CelestiaOrg/status/1742599112904802550

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David Tso on Warpcast

Great read on EIP-4844 by @cygaar Getting the average rollup transaction fee down sub-cent and sustaining that is the goal This way, everyone around the world can do a significant number of onchain transactions per day https://twitter.com/0xCygaar/status/1742934105732554802

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David Tso on Warpcast

Ethereum has no formal marketing department, but very valid point from @qw – most developers and users only care that the chain is cheap, fast, and easy to build on/use https://twitter.com/QwQiao/status/1742983690416742607

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David Tso on Warpcast

Ethereum is a network securing hundreds of billions of dollars in value And it is not run in a top-down manner but by freely associating client teams who must agree to and implement all changes – @dcinvestor https://i.imgur.com/g2RPE6m.jpg

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David Tso on Warpcast

Etherscan now offers a Multichain Portfolio view: https://etherscan.io/address/0x41653c7d61609d856f29355e404f310ec4142cfb#multichain-portfolio

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David Tso on Warpcast

Parallelism = lower and more consistent fees https://twitter.com/neelsalami/status/1742748470312923186

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David Tso on Warpcast

Etherscan is awesome but is also a critical point of failure for Ethereum https://medium.com/@marcoworms/etherescan-is-awesome-but-is-also-a-critical-point-of-failure-for-ethereum-167b0e995fe0

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David Tso on Warpcast

User fees on @base and other L2s are going to reduce 10-100x via 4844 after the Ethereum Dencun upgrade This will be a key enabler for bringing the next billion users onchain h/t @jessepollak https://twitter.com/jessepollak/status/1747018622063804584

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David Tso on Warpcast

EIP-4844 is now live on Goerli 🎉 The blobs are among us .oO https://i.imgur.com/CUqsSVL.jpg https://x.com/timbeiko/status/1747507577230082276?s=46&t=WH1NEB3O4jfMt861gchHvA

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David Tso on Warpcast

Huge unlock for the Arbitrum Orbit ecosystem: - Self-serve Arbitrum L2s on Ethereum - Self-serve L3s atop non-Arbitrum L2s e.g. Optimism, Scroll, Linea, Polygon, zkSync, Starknet, and Loopring - Permissionless L3s on Arbitrum One/Nova One united Ethereum 🤝 https://i.imgur.com/Wv6bmFe.jpg https://twitter.com/arbitrum/status/1748073865132052689

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David Tso on Warpcast

Pimlico team on fire: - Very first bundler supporting transaction compression - Can unlock 80%+ cost savings for apps that make their own compression contracts - New permissionless.js version with the new endpoint AA is about to have its moment 🚀 https://i.imgur.com/4w11ArT.png https://twitter.com/pimlicoHQ/status/1749226240920387730

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David Tso on Warpcast

Get rewards for your open-source contributions – from @mxcl, the creator of Homebrew The march toward funding open-source continues https://tea.xyz/

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David Tso on Warpcast

The question of what exactly the fees will be when 4844 launches is a function of: - How much blobspace capacity we will have (known) - How much blobspace capacity rollups will use (unknown) I.e. fees are dependent on how much activity there is on rollups https://warpcast.com/jessepollak/0xb03f2dc5

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David Tso on Warpcast

One step closer to the Superchain! ↔️ https://i.imgur.com/LJAKp5P.jpg https://twitter.com/superbridgeapp/status/1750654514162729085

And that’s my monthly roundup! Subscribe for free to receive new posts and follow me to stay in the loop.