110
Austin Green
@austin #110
Cofounder @llama
21652 Follower 1638 Following
Big congrats to all the creators who received an airdrop this week!
It’s awesome to see how fast the @drakula community is growing
It’s awesome to see how fast the @drakula community is growing
What’re the strongest reasons why prediction markets need to be built on crypto rails?
They’re one of the canonical smart contract use cases and I find myself increasingly using them to understand world events, but it’s not clear to me if Kalshi or Polymarket have the better approach
They’re one of the canonical smart contract use cases and I find myself increasingly using them to understand world events, but it’s not clear to me if Kalshi or Polymarket have the better approach
Interesting case study on the future of crypto app monetization - what would you do if you were running Uniswap Labs?
- $2.6M of revenue in 3 months from frontend fee. $10.5M run rate
- 1.2% of total volume has paid fees
- Avg fee revenue per day has declined 22% between October and January
- Company valued at $1.6B
- $2.6M of revenue in 3 months from frontend fee. $10.5M run rate
- 1.2% of total volume has paid fees
- Avg fee revenue per day has declined 22% between October and January
- Company valued at $1.6B
Apps like @warpcast and @converseapp are the most exciting consumer apps for showing the potential of crypto to normies
Their values props are easy to understand (i.e. use converse to send messages and $ instantly to anyone in the world) and they're slowly introducing the benefits of building on open protocols
Their values props are easy to understand (i.e. use converse to send messages and $ instantly to anyone in the world) and they're slowly introducing the benefits of building on open protocols
Today we announced our fundraise and product launch
Feel free to DM me here if you’re thinking about managing smart contract privileged access and want a fullstack, enterprise grade solution
https://x.com/austingreen/status/1721547148263584189?s=46&t=PS6OqGJqFtDOLH_UXii4jA
Feel free to DM me here if you’re thinking about managing smart contract privileged access and want a fullstack, enterprise grade solution
https://x.com/austingreen/status/1721547148263584189?s=46&t=PS6OqGJqFtDOLH_UXii4jA
Most people will never understand how difficult it is to design simple, valuable protocol mechanisms that seem obvious in hindsight
Consumer crypto apps need to feel like magic and Zora is leading the way here
Consumer crypto apps need to feel like magic and Zora is leading the way here
Channels are the killer feature and should scale well
- Creation can be permissionless because clients don’t need to expose all channels
- Channel creators can choose curation rules (who has read and write access)
- Clients can choose their own algorithms for ranking conversations
- Creation can be permissionless because clients don’t need to expose all channels
- Channel creators can choose curation rules (who has read and write access)
- Clients can choose their own algorithms for ranking conversations
I’m in the minority here, but I’m skeptical of the DAOs ability to successfully fund offchain software.
- Funding for non-public goods software is a solved problem
- Software gradually decays even when open source (does the DAO need to pay maintainers forever?)
- Judging quality is by committee is suboptimal
- Funding for non-public goods software is a solved problem
- Software gradually decays even when open source (does the DAO need to pay maintainers forever?)
- Judging quality is by committee is suboptimal
I’m around all week if any protocol teams are thinking through onchain governance/access control
We just deployed a new framework to most major EVM chains that’s a fresh take on the space. We based it on our experience contributing to Aave, Lido, Maker, Uniswap, Nouns over the past couple of years
We just deployed a new framework to most major EVM chains that’s a fresh take on the space. We based it on our experience contributing to Aave, Lido, Maker, Uniswap, Nouns over the past couple of years
All it takes for crypto VC funding to shift from infrastructure to apps is one breakout success.
Funding the long-tail of infra will keep being the beneficial strategy until something works at scale which derisks tech choices for all other founders.
Funding the long-tail of infra will keep being the beneficial strategy until something works at scale which derisks tech choices for all other founders.
Does anyone have extra optimism or base goerli eth? The faucets are dripping too slow 🙏
0xaa37Cd16dAc2E7160c5a4799Cc75bEF08b59cd10
0xaa37Cd16dAc2E7160c5a4799Cc75bEF08b59cd10
Really impressive to see Coinbase execute an aggressive product strategy turnaround as a public company.
Exchanges went from being the place where crypto happens to fiat on/off-ramps for onchain activity and few have accepted this reality.
Exchanges went from being the place where crypto happens to fiat on/off-ramps for onchain activity and few have accepted this reality.
Using ads to monetize content leads to optimizing for views and requires scale to generate meaningful income.
Minting is medium agnostic (i.e. music, text, podcasts), enables creators to monetize much earlier in their creative journey, and allows experimentation with different incentives (i.e. 1/1, open edition).
Minting is medium agnostic (i.e. music, text, podcasts), enables creators to monetize much earlier in their creative journey, and allows experimentation with different incentives (i.e. 1/1, open edition).
The Zora open edition mint → cast with embedded NFT flow is s-tier
The dominant conversation topic on all new social networks is talking about the network itself
I don't think this is a bad thing (eg. tweets about twitter still get a lot of engagement), but it seems like a great filter to grow past this phase
I don't think this is a bad thing (eg. tweets about twitter still get a lot of engagement), but it seems like a great filter to grow past this phase
Llama is launching an onchain governance system. It's a flexible framework that can work for service orgs, NFT communities, protocols.
I'd love to chat if you're thinking through your project's governance.
Its design is heavily influenced by our experience contributing to Aave, Uniswap, Nouns, Gitcoin, Lido, Maker.
I'd love to chat if you're thinking through your project's governance.
Its design is heavily influenced by our experience contributing to Aave, Uniswap, Nouns, Gitcoin, Lido, Maker.
Is anyone building a crypto UI using Next.js app directory?
server components by default does not mesh well with the client-side nature of connect wallet
server components by default does not mesh well with the client-side nature of connect wallet
decentralization through granular access control > decentralization through direct democracy
what's the best way to get an FC invite these days?
Incorporating DAO-like structures into your product/protocol is ultimately a tech stack decision
There are a lot of applications that require credibly neutral, user-first decision making (e.g twitter suspensions)
There are a lot of applications that require credibly neutral, user-first decision making (e.g twitter suspensions)
The most interesting feature of contributor DAOs is that they can build meaningful ownership in protocols without raising external capital
It avoids the principal-agent problem inherent to VC
It avoids the principal-agent problem inherent to VC
Martin Shkreli has been working out of the office next to me this week
What should I ask him?
What should I ask him?