DeFi

I don't usually talk my book but $tipn below $50M FDV is fake news.

Its very clear to me two things are bubbling up right now:

1. This cycle, consumer mini apps powered by onchain economics *will* be the narrative driver. Everyone I have collaborated on farcaster seems more aligned than ever to drive this thesis. We technically haven't been able to truly deliver apps with onchain economics because we never had an environment with high yields + cheap blockspace. Prepare for the induced demand of app tokens backed by yield generating protocols + a kickback in token equity. Tinder, Uber, Airbnb but users become the army of rabid followers powered by cryptobanking on blockchain rails. Bet on Jevon's paradox.

2. No one is prepared for this. Last cycle the net new user came to crypto via NFTs. Memecoins were largely late cycle, but by and large in 2020 no one in the crypto space predicted the face melting wave of entrants. Your average OG was betting on DeFi plays which did survive, but wasn't the main narrative driver. No one that I speak with except for @niftytime.eth and @ruminations really gets that this might be this cycles main narrative. Not RWAs but Real Revenue Apps.  Sticky consumer experiences that are paid for "free" by backend yield protocols. No loss-lottery evolving to no-subscription fee earn as you use social apps. This wasn't possible in web2 world but the environment is in place for this energy to release into the wild and make some of the most viral applications we have ever seen. Disrupting the $500B ad market is on the table here as new products can tap into the crypto rails and pay users directly instead of handing it to Google, Facebook, and Amazon.

proper grown man take right here tbh

what's this cycle's consumer friendly parallel to NFTs which were *the* "surprise" main narrative driver of the last bull? hint: not memecoins lmao

it's still tbd obvi, but more big brains are aligning around the real revenue app or appcoin thesis in projects like $tipn

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