Live thread from the @1confirmation Summit from @nick & @yekim.eth 

So far the art is onbrand and the pastry’s are massive

It’s starting with the Ethereum Foundation 

Nick promises the next Summit will be easier to get to

Question for Tomasz, “does Ethereum have a PR problem?”

Tomasz:
“ETH hasn’t responded to questions from the market, and that itself was seen as an answer. 

We need to do a better job of communicating, and we think we are starting to do that”

@nick “when people say that Ethereum foundation has too much control, I argue that the governance of Bitcoin and Ethereum are effectively the same”

Should L2’s like Base pay more in fee’s to the mainnet? 

“L2’s clearly see Ethereum as essential and you have to balance the setting of fees between growing the network and showing strong connection between L1’s and L2’s”

First mention of Content coins

No audible groans

We’re live with Josh Lee of Keplr 

Here is the schedule BTW!

Please Comment any questions you have!

We need more big applications for the AppChain thesis to play out 

What are the most successful app chains today?

“Osmosis is a good example

We need more big applications for the AppChain thesis to play out 

What are the most successful app chains today?

“Osmosis is a good example https://osmosis.zone/“

When building multi-agent, multi-tool systems, simplicity scales. One team, one chain—less complexity, lower cost. 

But long-term? Incentives matter. Every player eventually wants their own turf. Tech scales fast, but incentive design scales forever.

In ethereum we’re seeing more embedded wallets, is Keplr seeing more of this on Cosmos?

“Embedded wallets are inevitable. They simplify onboarding, reduce dev friction, and unlock new gateway experiences. Keplr’s building in-house too—expect a wave of wallet-native UX that quietly captures users before they even realize they’ve signed up.”

Next up @dfinzer from OpenSea is coming up to talk NFTS

Comment your questions for Devin and I’ll ask the best ones!

“The power of small lean teams with the right people in the right places cannot be underestimated

We’ve really been focused on doing more with smaller teams, the right focus can work wonders”

-@dfinzer

How do you deal with all the negativity that comes from being such an important platform?

“Don’t disassociate, there is good signal in negative feedback. Just try to not internalize the really unhinged stuff” 

“If you engage in good faith you can turn critics into evangelists”

“We’ve seen more and more get built out since the hype of 2021.

We’re still in the building phase, you can make the argument that NFTs were early for their use case.

The case for digital ownership is just getting stronger”

Has the volume of NFT purchases with stablecoins vs native assets changed over time? 

“As NFT markets mature and attract more mainstream users, stablecoins make more sense—especially for real-world use cases. It’s not about preference, it’s about platforms setting defaults and making it easy.”

Are you seeing any new functions or types of utility being built into NFT contracts that excite you—either at OpenSea or more broadly?

“NFTs are actually about much more than buying and selling—they’re evolving into tools for utility, community, and interaction.”

Are exclusive Web2 brand deals the key to scaling OpenSea to 100M users? 

Devin says: not really. Coachella was cool, but real momentum comes from grassroots creators. Big brands can help—if they’re ready to get weird.

Now it’s demos! First there is @frens from @bli.eth and @jpren.eth

Next we have Agro 

Stablecoin yield without the hassle

Available today on the App Store!

Next we have Agro 

Stablecoin yield without the hassle

Available today on the App Store!

https://agroearn.com

Now we have Soren, the CEO of Titles

“Help artists create, share, and monetize their own culture”

Checkout titles.xyz

Next up is @coopahtroopa.eth’s Coop Records

“A crypto record label that lets you be early and bet on your favorite songs” 

Over $1m in sales so far 

Cooprecords.xyz

Finally we have @meebits ! 

Each Meebit is a fully rigged 3D character you can take into different worlds!

HUGE POST because @polymarket founder Shayne just layer a ton on us

Prediction markets are a better information source


Most people aren’t cut out to work at best in class companies

Don’t hire people that aren’t willing to go above and beyond 

You can only work on certain things, you only get things right when you think deeply about it 

We want to head in the direction in letting anyone setup the prediction markets and earn the fees 


We’ve grown by understanding virtually and making things that people share. 

Great ideas need great founders to pound on them for a while. Stick with it and it may end up being bigger than you can imagine. 

Going viral: try things

Time for @nick himself on the state of crypto (& 1Conf)

“We don’t believe in company coins, like ripple, Solana, avalanche

We believe fundamentals matter:
Eth has dominant market share in almost every category that matters 

Staying small has allowed us to remain focused on the bleeding edge stuff

Crypto and culture are colliding”

Now it’s Beeple!

He’s been making art everyday for 18 years

His ability to create has sped up exponentially since he started

Does he actually even like crypto? “I learned about it right before my big sale, and @coldie was very helpful” 

“I’m still not crypto native”

“People gave me shit for selling my ethereum, but I had a $30m tax bill so fuck them”

“But I truly believe in it”

Beeple cont.

You’ve been doing this so long, do you remember a time when you ever cared about the haters?

“Even now I can still get triggered by things people say, by I’m now disciplined to not respond”

“People don’t know what the fuck Pepe is”

Now we’re on with @jessepollak 

Base is three things:

1. A new app platform

2. A new social network

3. A global onchain economy 


Jesse has been able to do so much at Base because he has built 8 years of trust inside of Coinbase

Also @barmstrong lets Jesse do his work and empowers him to act like a founder 

Downside of this can be things like the Coining Drama


“Creators don’t want to be creating on Bank of America, that’s why Coinbase and Base will look like very different products” 

We built a product that lets you borrow against your Bitcoin offchain, despite it doing $600m in volume it was too burdensome to do it. Now we have relaunched it onchain, it’s cheaper for consumers and easier for Coinbase to run. 

We chose to build Base as an L2 because we wanted to build a chain that were connected to the rest of the onchain economy. 

“Moralism on Ethereum is toxic”

“We will not win by competing on Solana’s strategy, we win by believing in an abundant future”

FINAL SESSION: The Frontier

RWA’s:
“Only 2200 people hold stocks Onchain”

“Over 60% of all $100 bills circulate outside the US”

“The higher the inflation the higher the percent of stablecoins held” 

“RWA’s have 8% of the market cap of stablecoins” 

SOCIAL:

Trad Issues:
- Deplatforming
- Ineffective monetization 
- Walled Garden Social Graph

Onchain social fixes this

“Where are the next set of users going to come from?”

(Shoutout to @wyat from @alvesjtiago.eth )

fridays at the park season 002 https://zora.co/collect/base:0x1bbea2cc3b2c41774687fd00684ad12f9a666557/6

Already had some before I got here so haven’t tried it yet!

Love your sweatshirt, how’s the coffee?