Proof of Talk: The Cryptocurrency Podcast

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

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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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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

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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

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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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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.

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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.

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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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Looppress  is a WordPress plugin that provides content creators to "token gate" content on their website. The driving philosophy behind Looppress is rooted in providing accessibility and ownership over one’s content.

As an open-source token gating solution, Looppress can lock a certain piece of information (such as a page, a login screen, or a piece of text) and only make it available to owners of a specific NFT.

Applications like Pinata have already recognized a need in the market for Token Gate content, so they have created paid solutions to address this need. Looppress however, is completely free to use and comes with a variety of useful features.

Looppress offers a user-friendly interface and a straightforward setup process, making it easy for creators to enter the world of web3 without a steep learning curve.

Looppress also emphasizes self-hosting, allowing creators to have control over their content and how it’s distributed. Unlike centralized platforms, Looppress operates on WordPress. This means you have full ownership of your content, and it can’t be censored or deplatformed.

Why Loopring?

Looppress currently works with Loopring NFTs and there is good reason for that. Loopring is an Ethereum Layer 2 scaling solution that enhances the functionality and scalability of Ethereum while maintaining its security.

By leveraging Loopring, Looppress minimizes these costs, making it more accessible to content creators and their audiences.

Oh and did I mention that Loopring’s API is completely free to use? That’s right. If you want to create an application that interacts with the Ethereum chain, you’re going to have to use the Etherscan API, which isn’t really free, so therefore not so scalable. Loopring on the other hand, allows you to interact with on-chain data completely free of charge.

Loopring offers Ethereum-level security, ensuring that your content and transactions are safeguarded. This level of security is vital in the decentralized web3 space, where trust is established through code and cryptography.

Looppress Features

Looppress offers a range of features that empower content creators and artists.

1. Token Gating: Creators can tokenize their content and grant access to specific content or features in exchange for tokens, enabling a monetization model that doesn’t rely on ads or subscriptions.
2. Web3 Login: Users can log in with their web3 wallets, enhancing privacy and simplifying the login process.
3. NFT Role Access: Looppress supports access to NFT roles, enabling creators to offer exclusive content to NFT holders on different tier levels.
4. Access-Protected File Downloads: Content creators can protect file downloads behind token gates, ensuring that only those who own the required tokens can access them.
5. Visual Block Editor Blocks: Stephen plans to introduce a user-friendly interface for token gating, making it accessible to creators with no coding experience.

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Seasteading is a concept that involves building permanent human habitation in international waters. The idea is to create floating cities that are self-sustaining and can provide a range of benefits, from reducing overcrowding in cities to promoting environmental sustainability.

At the heart of seasteadingt is the idea of creating special economic zones in international waters that are governed by their own regulatory frameworks. These zones would be designed to promote innovation and economic growth, and would be subject to a combination of international law and private contracts.

By creating new living spaces in international waters, seasteading can provide an alternative to traditional urban living that is more sustainable and less crowded. This can help to reduce the strain on existing infrastructure and resources, and can promote a more balanced distribution of wealth and opportunity. 

By using renewable energy sources and advanced water purification and waste management systems, seasteads can be designed to be self-sustaining and environmentally friendly. This can help to reduce the impact of human activity on the natural environment, and can promote a more sustainable and resilient way of life.

Seasteads require a platform that can support the weight of a house as well as withstand the forces of wind, waves, and currents. The platform must also be self-sustaining, meaning that it can generate its own power, purify its own water, and dispose of its own waste, which sounds like a lot for a sole inhabitant in the middle of the ocean, but these services can be shared by residents who specialize in a certain area. Maybe you’ll be dealing with the water filtration system while your neighbors takes care of the emergency grid.

Mitchell says that he spent the last 1.5 years engineering the platform on which the Steastead will need to stand on. The Stead team are currently working building the first seastead concept, designed as a sustainable floating house, inspired by the same technology that Oil rigs use to stabiles themselves on sea. Seasteads are raised above the sea level so that the house is perfectly stable even in waters with up to 10 foot waves.

In order to work towards this goal, and help people in developing economies get access to funds that they may otherwise be unable to, Stead uses blockchain technology to create a decentralized lending platform for managing inflatable infrastructure. The platform allows people to raise funds through the sale of Stead tokens, which can then be used to lease time on these structures.

For example, let’s say that someone wants to build a floating house but doesn’t have the funds to do so. They could create a campaign on the Stead platform and describe the project they’re looking to build in to raise the necessary funds. Users can then deposit crypto and receive Stead in return, effectively helping to raise capital for the project. Once the funds are raised and the structure is built, the operator of the floating house would now be required to burn Stead tokens in order to pay back the funding of the project.

Similarly, someone in a developing country who wants to buy a new fishing boat but doesn’t have access to bank loans could use Stead tokens to raise the necessary funds. This would enable them to purchase the boat and then pay a lease by burning tickets in order to keep ownership of the structure.

Stead Website

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Ripple's XRP has been making some serious waves ever since the historical win against the SEC lawsuit. The token has gained more than 70% since and trust in Ripple’s vision is soaring.

Ripple has the potential to become the de-facto transaction method for international transfers by Global Banks. There is a lot to unpack here, as Ripple has been silently striking partnerships with some of the biggest banks out there and can become one of the leading financial instruments that the Global Financial system may integrate within their systems.

Ripplenet Adoption

RippleNet is a distributed worldwide network, made up of banks and payment service providers, that utilizes Ripple’s innovative decentralized financial technology. This tech facilitates instant communication, clarification, and reconciliation of financial dealings. Ripple establishes connections between banks, corporates, digital asset exchanges, and payment providers through RippleNet, offering a seamless global money transfer experience.

Ripple’s partnerships with Bank of America, PNC Bank and Santander are a testament to Ripple’s continued effort to consolidate and create a financial instrument that can bring global economies together.

With the increasing adoption and transaction volume, Ripple’s market cap could inflate significantly. Banks may find holding XRP attractive as it streamlines transactions, making them faster and cheaper. If banks can increase their profit margin while improving customer satisfaction, we could see XRP reserves be used for faster transaction settlements. This scenario could fuel the demand for XRP, pumping its value and, consequently, Ripple’s market cap.

XRP and The Basel 4 Reform

The imminent transition from Basel 3 to Basel 4, which has started in January 2023 and is expected to complete within 5 year, means that new regulatory standards shape how banks calculate risk, affecting their asset allocation. If XRP was to be classified as a Tier 1 asset, banks would be allowed to hold XRP to resolve transactions quickly and cheaply.

 This flexibility could be the push banks need to fully embrace XRP and other digital currencies, driving their adoption in mainstream finance.

XRP Adoption in Japan

Banks are always looking for ways to maximize their profits, and XRP might just be the winning ticket. Ripple’s technology can cut transaction costs by 60 to 80 percent on international transfers. The potential savings for banks are massive, freeing up resources that can be used to improve other services.

Several Japanese Banks have already adopted the Ripple-based payment system MoneyTap, and it continues to grow in popularity. The integration of MoneyTap allows regional banks in Japan to provide a service for peer-to-peer funds transfer to their customers via a mobile app. Apart from using bank account numbers, the service also supports online money transfers using mobile phone numbers. The app is equipped with online identity confirmation and biometric identification features to guarantee high-level security for customers from Yamaguchi, Momiji, and Kitakyushu.

More about Ripple and the Global Financial system in this podcast, thanks to Robert Doyle.

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The LTO Network is a  hybrid blockchain solution that combines the benefits of public and private chains, providing enterprises with transparency and security while maintaining control over their data. 

Ownables - A Layer 2 for NFTs

Ownables are digital assets that can be owned and traded on the blockchain. Unlike traditional NFTs, Ownables are designed to be more flexible and customizable. They can be used to represent anything from digital art to real estate. One of the key benefits of Ownables is that they are what NFTs should have been in the first place.

Ownables focus on the idea that you own that piece of data. Ownables allow you to choose where you host this information, it could be on a hosting service such as IPFS or even on your own computer. Furthermore, you can choose who has access to see this Ownable. You can make it public is you wish, or you might choose to make this information private. Because of that, Ownables allow you to truly own your NFTs.

Proofi

Proofi was designed to help organizations comply with regulations and prevent fraud by verifying the identity of individuals and businesses. Proofi works by taking the user through a KYC process and then storing the KYC status on chain.

Proofi then gives KYCd users what’s called a verifiable credential, which is an on-chain flag to say that this address has been KYCd and passed verification. This way a user may only perform a single KYC and, by sharing their on-chain status can immediately gain access to any other application that requires KYC, without them having to give their sensitive details to this application.

Consumables and Gaming

Consumables are a special class of NFTs that can be owned and “consumed” by other NFTs. There are many applications for this kind of relationship, but video games are a very good example of this mechanic.

For example, a player could own a Consumable that gives their character special abilities or skills. This Consumable could be traded or sold to other players, creating a market for unique and valuable items within the game.

Let’s say that this consumable is a health potion. Your character (the Ownable) owns this potion. You get into a tough fight with the arena Boss and need to heal. Your character will now use this consumable. This action will be recorded on the ledger, and the quantity of your consumable will decrease by 1.

This technology can be used to create decentralized and MMO games that are completely hackproof, completely removing exploits and hacks from MMO games, as every action is recorded and cannot be re-written.

Cross-metaverse Compatibility

A metaverse is a virtual world where users can interact with each other and digital assets. However, different metaverses have different standards for digital assets, which can make it difficult for users to transfer assets between different metaverses.

The LTO Network is addressing this issue by helping create a standardized protocol for digital assets that can be used across different metaverses.

Imagine having a cool sword in your favorite MMO game, and you want to transfer it to another game altogether and use it there. Standardizing item properties and how they render could enable gamers to transfer items between completely different games.

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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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