#9 POT: The Cryptocurrency Podcast - Horizon: Building The Future of Web3 Gaming

Dynamic emerged from a desire to tackle the complexities associated with using blockchain technology. The result is a web3 authentication solution with support for tradition social and web2 logins.

Bridging Web3 and Traditional Authentication

For Dynamic - Web3 comes first meaning that their authentication solution was built with web3 at the core of the application, however it also offers tradition web3 Auth and SSO and can link the various different identities between each other. 

The company's approach enables users to log in using familiar methods such as email, Google, and Discord, while simultaneously creating a wallet in the background. This blend of traditional and blockchain-based authentication aims to democratize access to crypto-enabled applications, ensuring that users can enjoy the benefits of blockchain technology without needing to navigate its complexities.

This is a trend that's been emerging in crypto in the last year and we'll likely see more and more user-focused solutions where complexity keeps being abstracted away.

The Future of Digital Identity and Authentication

The conversation touched on several forward-thinking concepts, including account abstraction and token-bound accounts. These innovations represent a leap towards more secure, flexible, and user-friendly digital interactions.

Account abstraction, for instance, allows for customizing wallet functionalities, potentially transforming how users manage digital assets and identities. Similarly, the introduction of token-bound accounts opens up new avenues for asset ownership and transfer, illustrating the dynamic nature of blockchain technology's evolution.

The Expansive Potential of Web3 Applications

Creating tools for developers means that you get to see some of the absolutely wild and unique ideas that people are building, from reimagining music ownership on the blockchain to tokenizing real-world assets like land and collector's items. 

These examples underscore the transformative impact of web3 technologies across various sectors, highlighting the vast potential for creating new experiences and value propositions.

Looking Ahead: Dynamic.xyz's Vision for 2024

As Dynamic.xyz looks to the future, the focus remains on simplifying the integration of web3 technologies into everyday applications. 

The goal is to make deploying crypto-related functionalities as straightforward as possible for developers, thereby accelerating the adoption of blockchain technology across different digital experiences.

Dynamic Website

Aesir Website

Jason's adventure into cryptocurrency began back in 2013, during his time in the Bay Area. What started with attending local Bitcoin meetups blossomed into a full-blown passion, eventually leading him to his current role as Chief Innovation Officer at OKX. 

His background in traditional finance coupled with a fascination for the intersection of finance and technology drove him towards the cryptocurrency, marking the beginning of an exciting journey in the industry.

OKXs Work in DeFi

OKX is making significant strides in simplifying the crypto experience for its users through its Web3 wallet. The wallet's multi-chain support, which currently accommodates over 85 different networks and protocols signals the direction where this industry is heading. 

Across different products and teams, I see the same trend emerging. Abstracting away from the complexity of having to deal with multiple chains. In the future, we may very well be looking at "The Web3" or whatever its name will be as a whole, interconnected network of chains. 

One wallet and one gateway to the entirety of web3 - at least that's the vision, but there's certainly still a long way to go to get there.

Community and Support

The team at OKX are also involved in contributing to the wider ecosystem in a number of ways. Jason points out for instance that OKX is, wherever possible relying  on existing, open-source solutions rather than rolling our their own proprietary code.

This means that the team is putting time in developing and growing existing code bases.

Where that is not a possibility, OKX is offering grants and other incentives for developers in the space to build solutions for the Bitcoin ecosystem for instance.

Looking ahead, OKX is set to launch a Layer 2 solution, further enhancing the connectivity and efficiency of transactions across different blockchain protocols. This move is expected to contribute significantly to the ongoing evolution of the crypto ecosystem, making it more cohesive and user-friendly.

Jason's Twitter

OXK Website

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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Daniel Rosen started Bitcoin mining while keeping a garage gym warm during the cold winter months. By setting up a single ASIC miner, Daniel not only managed to maintain a cozy temperature of 55 degrees Fahrenheit but also turned a neat profit every month. There are just so many untapped use cases to be explored when it comes to Bitcoin mining and it's exciting to see people using ASICS to warm up garages, greenhouses and other buildings.

Not only is it sustainable, but can be profitable too.

Bhutan's Secret Crypto Operation

While personal stories of innovative mining solutions capture our imagination, entire nations are making strategic moves into the mining scene. Bhutan, a small Himalayan kingdom known for measuring Gross National Happiness, has been quietly mining Bitcoin since 2019. 

This move isn't just about adding to the national coffers; it's a strategic decision to leverage Bhutan's renewable energy resources, demonstrating how countries can adopt crypto mining within their economic and environmental frameworks.

Luxor and Bitcoin Mining

Luxor are Bitcoin and Asic mining specialists that offer a suite of specialized services, including a mining pool that is responsible for about 3.5% of all mining hashing power.

Luxor's approach includes a focus on derivatives and financial products tailored for the crypto mining sector with the purpose of enabling miners to hedge their risk. For instance miners are able to lock in a certain hashrate and get paid 6 months in advance for that compute.

Luxor operates as an AMM or automated market-maker allowing users to buy and sell hash rate. 

The case for Bitcoin Ordinals

When ordinals came out, I called them a fad, and a nuisance on the Bitcoin blokchain. I mean, with 7TPS why would you want to add more strain on this system?

Daniel managed to change my mind on it. 

As Block rewards decrease with every Bitcoin halving, transaction rewards become more important for rewarding miners for their work. On a 6.25 BTC block reward, the current transaction fee reward sits at an average of 0.3-0.4 BTC/ block. Post April, this will account for about 10% of the total reward.

During the ordinals boom,  we saw this increase by 10x temporarily making up nearly half of the block reward. Miners being incentivized to secure the network is a good thing, so ordinals are a good thing too.

Luxor Website

Daniel's Twitter

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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Ethereum is probably one of my all-time favorite projects and an absolute trailblazer in the blockchain space. Getting the scoop from someone who was there at the start is pretty awesome.

That's exactly what we got by sitting down with Christoph Jentzsch, a key player in Ethereum's early days.

The Early Days of Ethereum - How it started

Christoph stumbled onto the early blockchain scene while hunting for cheap GPUs for his PhD, which led him to Bitcoin. Christoph worked alongside Gavin Wood and Vitalik Buterin as lead tester during the early days of Ethereum and wrote thousands of unit tests to ensure the stability of Ethereum clients.

They weren't looking to beat Bitcoin at its own game. Instead, they wanted to see what else blockchain could do—like running apps and contracts on it, not just coins.

Building Ethereum was like assembling a plane mid-flight. The team was figuring it out as they went along, driven by the dream of a platform where anyone could build their own decentralized apps.

The whitepaper, written by Vitalik Buterin, was eventually turned into a Yellow Paper by Gavin Wood. That is to say - a technical spec sheet that one can take a write a client for.

Etherum was "launched" by hundreds of people starting a client at the same time, and inputting a certain value into the console.

The Original DAO

Then came The DAO, a kind of radical, leaderless venture capital fund built on Ethereum. It was Christoph's baby, and it started with a bang, pulling in a massive amount of money.

But then, a hacker found a loophole, leading to one of the most infamous hack in crypto history. The community faced a tough choice: let the hacker win or hit the reset button with a hard fork. They chose the latter, causing a split in the Ethereum world but saving the project from disaster.

Asset Tokenization

The DAO was a lesson in the highs and lows of pushing tech boundaries. It showed the potential of decentralized business but also the need for a balance with real-world rules. That's what Christoph is tackling now with Tokenize.it, making it easier for companies to manage ownership and investments without getting tangled in red tape.

With Tokenize.it, Christoph is all about bringing the spirit of The DAO into the legal daylight, making it super easy for companies to go digital with their shares. It's a bit like having the best of both worlds: the flexibility of blockchain and the security of following the rules. He's starting in Germany but has his sights set on changing how business is done everywhere.

Tokenize Website

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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Interchain Foundation are pioneering the development of tools and protocols that enable blockchains to communicate and interact with each other. They have been instrumental of the development of the Cosmos.

Managing Director Maria Gomez and IBC Product Lead Susannah Evans explain the bigger vision and inner workings of Interchain.

The need for interoperability has never been more critical. The Interchain Foundation's work, particularly through innovations like the Inter-Blockchain Communication (IBC) protocol and Cosmos SDK, is setting new standards for how decentralized networks can operate in harmony, paving the way for a truly interconnected blockchain ecosystem.

Interchain's believes the future of blockchain technology lies not in a monolithic structure but in a diverse and interconnected network of blockchains. The foundation is providing the tools and protocols necessary for creating a decentralized web of blockchains that can interact without central intermediaries, in a safe and efficient way.

Inter-Blockchain Communication (IBC) Protocol

At the heart of Interchain's toolkit is the IBC protocol, a standard for interoperability that enables secure and reliable communication between different blockchains. By allowing data and assets to be transferred across chains, IBC opens up a world of possibilities for cross-chain applications and services, enhancing liquidity and enabling more complex decentralized applications (DApps) that can leverage the strengths of multiple blockchains.

What makes the IBC protocol unique, is the concept of Light Clients. Unlike bridges, which are known to have been exploited in the past, Light Clients operate  by basically copying a very "light" version of Blockchain A's state, on Blockchain B and vice-versa. This means that transactions and data transfers need to be verified on both state machines  before they can take place. This is a massive bonus for security as well as scalability. 

The IBC protocol works as a mailman. The transport layer is concerned with delivering the post, and the authentication layer makes sure that there is a delivery and return address on the message. The protocol is completely agnostic to the data sent, and it's up to the receiving chain to acknowledge and do something with that data.

There are currently hundreds of interconnected chains on Cosmos, and the more the ecosystem grows, the more desirable the idea of being part of the internet of blockchains becomes.

Cosmos SDK

The Cosmos SDK serves as a foundational framework for building blockchain applications with an emphasis on modularity. This set of tools allows developers to create blockchains tailored to specific use cases by selecting and implementing only the necessary components. The SDK's design principles prioritize flexibility and ease of use, empowering developers to bring their blockchain visions to life with greater efficiency.

Interoperability, Scalability, and Security

Looking to the future, the Interchain Foundation recognizes the evolving challenges and opportunities in the blockchain space. Interoperability remains a key focus, with ongoing efforts to enhance the IBC protocol and expand its adoption across a wider range of blockchains. It's a non-trivial task for a chain to integrate the IBC protocol but the team is hopeful that with increased adoption, new and existing chains will begin participate in the Internet of Blockchains.

Interchain Website 

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.  

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The idea for Horizon started from a desire to introduce the world to Web 3 through engaging and enjoyable means. Co-founder Peter, and CEO of Horizon, was one of the first to conceptualize blockchain games and web3 gaming.

This idea crystallized into the development of Skyweaver, a free-to-play trading card game that utilizes blockchain technology, allowing players to own and trade digital collectibles. This game development journey highlighted the need for a robust infrastructure to overcome blockchain-related challenges, leading to the creation of Sequence.

Sequence, born out of the challenges faced while developing Skyweaver, is an all-in-one development platform designed to simplify the creation of Web 3 games. It addresses various complexities associated with blockchain infrastructure, such as wallet integration, transaction management, and data indexing. Sequence offers a no-code dashboard, enabling both technical and non-technical developers to craft Web 3 experiences efficiently.

Horizon recognizes the critical role of developers in the evolution of Web 3 technologies. Providing tools that simplify interaction with blockchain technologies, making them accessible to game developers who may not specialize in blockchain infrastructure.

Horizon has successfully attracted a wide range of gaming partners, spanning various genres from RPGs to farming simulators. The platform supports both ERC-1155 and ERC-721 token standards, catering to different game dynamics and item types, from fungible collectibles to unique digital assets.

Horizon website

Horizon Twitter

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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Satori is a decentralised AI blockchain that can predict the future. Its creator - Jordan, explains how it all works in an engaging conversation around the possibilities of a decentralised AI that esentially looks at the world and makes predictions about its future. 

Developed by visionary Jordan Miller, Satori is not just a blockchain network; it’s a confluence of AI and blockchain technology, designed to predict the future. Unlike traditional blockchain applications focused on financial transactions or data security, Satori’s only purpose is to make predictions about the future of the world.

The Core Functionality of Satori

At its heart, Satori is a network where each participating computer functions as a node. These nodes are assigned specific areas or ‘data streams’ to monitor. The variety of these streams is vast, covering elements from climate data and stock market trends to socio-political changes.

The nodes continuously gather and analyze data, constantly refining their predictive models. This relentless pursuit of accuracy is what sets Satori apart. Each node acts as an expert in its domain, continually updating its knowledge base and sharing insights with the network. This collaborative approach enables Satori to evolve and adapt, making its predictions more nuanced and reliable over time.

The Role of Satori Nodes

Each Satori node plays a pivotal role in the network’s predictive capabilities. These nodes are not just passive receivers of data; they are active analyzers and forecasters. Depending on the computational power of the host computer, a node can process one or multiple data streams. This versatility ensures that Satori’s network is not just powerful but also resilient and diverse in its analytical capacity.

The nodes are more than just conduits of information; they are centers of learning and adaptation. As they process data, they develop specialized expertise in their respective domains. This expertise is then shared across the network, contributing to a collective pool of knowledge. This process ensures that each node not only enhances its predictions but also enriches the entire network’s intelligence.

One of the most innovative aspects of Satori is the way nodes communicate and collaborate. Each node shares its predictions with the network, creating a rich tapestry of insights. This inter-node communication is vital for refining forecasts and identifying patterns that might be invisible to a single node.

The Broader Implications of Satori

Satori’s potential applications are as diverse as the data streams it analyses. From predicting stock market fluctuations to anticipating climate change impacts, the network’s scope is vast. Moreover, Satori’s design enables it to cater to both public and private forecasting needs. While it can offer insights into societal trends and global events, it can also provide bespoke predictions for businesses or individuals, adding a layer of personalized intelligence to its capabilities.

Satori Discord

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This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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During this conversation, Jake emphasizes the importance of understanding the fundamental principles of blockchain and emphasizing the fact that blockchain technology is still a relatively young tech where innovative new applications are still discovered on a regular basis. There are likely many more groundbreaking implementations of blockchain technology that we haven’t even began considering, but there is only a matter of time until a new breakthrough is discovered.

Principles of Crypto Investing

Jake explains his approach to evaluating cryptocurrency investments, which is founded on established principles like Metcalfe’s Law. Metcalfe’s Law states that the value of a network is proportional to the square of the number of connected users or nodes. The bigger a network is, the higher its value. This is especially relevant in blockchain, where the number of nodes have a direct impact over a network security and speed.

Another law JT relies on is Lindy’s Law, which suggests that the longer a non-perishable idea or technology has existed, the more likely it is to continue thriving. Applying Lindy’s Law to cryptocurrencies, it becomes clear that well-established projects with a long history are more likely to persist.

Both Metcalfe’s and Lindy’s laws are built on a similar mathematical formula which states that the more complex a system is, the higher the likelihood to organize itself, rather than descend into chaos.

The Role of Decentralization and Security

As a software developer, Jake highlights one of the security advantages of a decentralized network compared to centralized systems. He points out that centralized systems, like Twitter, pose single points of failure, leaving users vulnerable to security breaches. That is because monolithic organizations own all of their servers and data and are solely responsible for keeping it secure. Decentralized networks, on the other hand, distribute trust among a wide number of nodes, offering a much more secure environment.

The Arrival of ETFs

Recent developments in the cryptocurrency space have sparked optimism among investors. The potential approval of cryptocurrency Exchange Traded Funds (ETFs) is one such development. Regulatory progress, including the pre-approval by institutions like the DTCC, suggests that ETFs may soon become a reality. This could attract significant investment and further legitimize the cryptocurrency market.

In conclusion, navigating the cryptocurrency investment landscape requires a comprehensive understanding of the technology, laws, and market dynamics. Jake shares valuable insights into evaluating investments based on established laws and principles. While the cryptocurrency world may appear complex, those who invest wisely and stay informed are likely to reap the benefits of this ever-evolving financial frontier.

Connect With Jake
BleedingEdgeCapital

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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In a world where most people spend a significant portion of their day scrolling through trending videos and posts, Cheelee promises a more productive alternative.

The concept of Engage to Earn in Social Media is not new however, Cheelee is one of the first to desogn a mobile app and specifically around shortform video content — making it an interesting alternative to TikTok.

With nearly a million downloads and hundreds of thousands of users, Cheelee have made remarkable progress in just five months. The platform’s growth is set to continue as it expands its presence worldwide. Victoria teases the upcoming marketing push in Kazakhstan, however the application is available worldwide on both iOS and Android.

How to Earn on Cheelee

One of the standout features of Cheelee is its integrated NFT system. Users are rewarded with tokens for their engagement on the platform, creating an ecosystem where users can earn and benefit from their participation. In order to start earning on Cheelee users will need acquire a pair of digital glasses, in form of an NFT. You’ll get a starting pair at the beginning, but if you’re looking to improve your rewards, you’ll have to upgrade your digital glasses.

Each pair of glasses has different traits that you’ll want to upgrade, depending on your preferred style. You can upgrade your glasses with the $LEE token, which you earn by performing various actions on the Cheelee app such as watching content and following users. Cheelee recommend that you level up Lenses to maximize your earning potential.

The price of a $LEE currently sits at just over $2.63 USD and once you start earning, it’s up to you what you choose to do with this token. You can re-invest it by leveling up your glasses, withdraw or exchange for fiat, or, and this what I differentiates Cheelee from other social media apps out there — use it to boost your own content. Cheelee is currently working on an Ads Manager platform similar to Meta and Tiktok, but they will also allow users to use their earned $LEE in order to promote their content.

This offers additional value for content creators who want to make the most of their time while using the app.

Challenges of Engage To Earn

Naturally, all systems have their own challenges and limitations. One of the biggest vector for an exploit for Cheelee is its own monetization system. Viktoriia assured me that Cheelee is using machine learning along with other systems in order to detect and deter people wanting to exploit the engage to earn model.

Another challenge discussed on the Podcast is how potentially addictive a platform like this may be — where, not only are you encouraged to scroll to get your dopamine hit, but scrolling is now directly associated with a monetary reward. Cheelee are committed to steer the content of its platform into an educational direction and to incentivize people to create more educational content. Social media is not going anywhere, so according to Viktoriia, the solution is not to ignore social media, but to work towards making it better.

Get Cheelee

This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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PaintSwap have one of the most popular communites on Fantom, with some of the biggest projects to be deployed on the chain.

In fact, PaintSwap are working directly with the Fantom foundation in order to create the best possible experience for their products NFT marketplace and their recent on-chain MMORPG EstFor Kingdom

PaintSwap’s NFT Marketplace on Fantom

PaintSwap’s is a general purpose marketplace on Fantom, with a thriving community and a rich ecosystem. It’s an open, non-curated marketplace where any creator is free to list their NFTs.

Chronic emphasizes the importance of PaintSwap DAO’s commitment to openness, where even controversial or unconventional works are welcomed. The DAO’s core team handles issues that arise, ensuring the marketplace remains free and open while preventing malicious or inappropriate content from flooding the platform.

Estfor Kingdom: On Chain MMORPG

During the lockdown, the DAO focused on building a 100% blockchain based MMORPG called Estfor Kingdom. One of the things that immediately stand out are the designs for their Heroes and items, which fit in very well with the overall theme and scope of the game.

Estfor Kingdom is a vast, mysterious land, inhabited by sentient woodland beings. Within the Kingdom of Estfor there are many secrets, quests, and challenges that players can uncover. The lore of Estfor Kingdom is conveyed through a series of quests, storylines, and item descriptions.

Within the game’s lore, there may be various factions, guilds, or groups, each with its own goals, philosophies, and rivalries. Players can pick a guild and work as a team to become the best players on the leaderboard.

This is an idle-play game where players don’t have direct control over their characters’ actions but instead focus on managing their resources, optimizing their in-game time, and strategizing to achieve various objectives.

Economy and Trade within Estfor Kingdom

The in-game economy revolves around the BRUSH token. Brush is utilized for various in-game transactions, such as purchasing items, skills, and XP boosts. The in-game economy uses a token which can be traded outside of the game on any DeFi platform that supports it. 

The game economy doesn’t use “gold” and then you use $BRUSH to acquire gold, $BRUSH is the game’s economy, which creates additional incentives for people to and explore all of the mechanics that the game has to offer.

If you happen to find a rare item within Estfor Kingdom, you have multiple options. You can sell it on the open marketplace for $BRUSH tokens (which can easily be traded for any other cryptocurrency), perform trustless peer-to-peer swaps, or even sell it directly to the in-game store. Items sold to the in-game store are destroyed to maintain a balanced in-game economy and prevent oversupply of certain items.

Alongside the core developer team at PaintSwap DAO, members of the community get to decide what direction the game is taking. Chronic emphasizes that while some decisions require the input of professionals and experts, the community’s voice is highly valued. Users of the platform have the opportunity to vote on various aspects of the game, such as skills, lore and quests. This democratic approach allows the community to have a say in the game’s development without compromising its integrity.

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This podcast is fueled by Aesir, an Algorithmic cryptocurrency Trading Platform that I helped develop over the last 2 years that offers a unique set of features.

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