2025 is the year where the rubber meets the road for Sparsity. We couldn't be more excited cruising into 2025. Wishing everyone a memorable and prosperous 2025! 🎆
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Happy thanksgiving!
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AI agents are redefining gaming! 🤖🎮 Check out Sparsity CPO Charnjit's latest blog exploring how AI, games, and Web3 converge to unlock smarter, evolving virtual worlds. Dive into the future of gaming: https://x.com/sparsity_xyz/status/1859647385116475764
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Top casts
🌟 Thrilled to announce that we've been selected to join the
@a16zcrypto CSX Fall 2024 cohort! 🚀
Over the next 8 weeks, we'll be in NYC learning from some of the best in the crypto space, building alongside 20 other incredible teams, and pushing the boundaries of what's possible in Web3.
Can't wait to share more of our journey and the amazing things we have in store. Stay tuned! 💥
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Fascinating talks by @eddy on Tokenomics Design at @a16zcrypto CSX.
Here are my notes:
Network Effect
* Tokenomics is all about defining and reinforcing network effects. It’s crucial to outline core metrics tied to the network’s primary behaviors—where value is truly created. These metrics guide the incentives.
* For example, in Uber’s case, core metrics might include rider wait times and driver utilization. Enhancing these metrics draws more participants, thereby strengthening the network effect.
* Network effects differ from reflexive effects (e.g., price increases leading to further price increases), which are self-reinforcing but less sustainable.
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A full day packed with insightful talks at a16z crypto CSX.
Here are my notes:
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Fundraising: (Arianna Simpson, Guy Wuollet, @mason, @carra, @michaelblau)
- "Preparing for the Pitch" by
@AriannaSimpson
from the last cohort: https://youtube.com/watch?v=wVKcgn2W1uw
- Put team slides first.
- Business model and GTM strategy are mandatory.
- Understand the knowledge graph in your audience's mind and use that to explain your concept.
- Relax, as it helps to relax your audience.
- Demo day short pitch is like a trailer to a movie. It needs to get the audience curious enough to want a follow-up meeting. It is not meant for in-depth explanation.
- Let the market set your valuation.
- You can ask the investor about their typical engagement model with their portfolio companies.
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Faucets and Sinks
* Faucets expand the network effect; sinks defend it.
* Faucets should directly incentivize the core metrics, not proxies. Subsidizing proxies may lead to wasting resources as they’re easily faked.
* Never subsidize demand; it creates low-quality growth. Subsidize supply through verified mechanisms, such as staking or using web2 identities.
* Sinks should preserve the token’s value and be linked to value creation events. Avoid simplistic sinks like buy-and-burn during the early stages when all resources should be spent on strengthening the network effect.
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