Matt Polvi

Co-founder of DappFuse -

[acai @russian_acai]

what is it with gaias, ogs nfts, and $henlo

before anything, i'm saying all this as someone that fudded @onchaingaias and @henlokart, dunked on @ciniz, then dunked on a couple of mfers that i found extremely cringe in their tg, and got kicked out of tg and blocked by ciniz on twitter.

i like the idea. i just wish the execution could've been run better. the comms still sucks balls, which was why i dunked on it in the first place. put all that aside, now it seems to be a good time to reexamine the idea at least.

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gaias pmf

with the ai agent narrative still being hot (maybe a little too hot?), i'm looking for less saturated niches within the vertical that few are building and can grow into something of gigantic TAM. now, with some first principles thinking, you can pretty much identify the big three for building agents:

- model, data, training

what do we already have in the market in relation to these three?

ai16z, virtuals, zerepy, rei, etc. are essentially frameworks/platforms for agent creation. they give you the necessary means to get off the ground and you are on your own to "grow" your agent.

it is the "growing" part that at least i personally haven't seen being addressed yet. you need a vast amount of data and training for that.

Think of the existing ai agent frameworks/platforms as pump,fun, where you can easily launch a memecoin (agent), maybe even with a tg group and twitter account all set up for you. but you'd still have to go out there to get a community, or maybe even pay kols to help you hype up the token, which together are actually the most important aspect of a memecoin. all that is equivalent to the data and training you need to grow your agent.

if you don't already have a strong network, how do you bootstrap all that? in the context of memecoins, you have things like zealy. you create some tasks that can amp up the engagement and reward ppl for completing them.

that's what gaias can do. while providing "similar" agent creation services (some important caveats here related to ogs nfts) , gaias has a unique focus on bootstrapping data and training by democratizing them with incentives, i.e. helping you grow your agent. in zealy, you create tasks like following the official twitter account, reposting the tweet, etc. in gaias, you create tasks that involves onchain computation, e.g. games, and this means proof of work.

the analogy of zealy may not sound so sexy. it applies only because of the resemblance in mechanisms, but the scale of importance and impact is largely different. both data&training and the proof of work are paramount for ai agents. while zealy may contribute to ~5% of a memecoin's growth because it easily leads to easy-to-identify, low-quality and inorganic engagements, a service like gaias can contribute to north of 60% of an agent's usefulness, and the proof-of-work in computation is indiscriminative and indisputable, e.g. it doesn't matter if the computation for bitcoin network comes from home mining rigs or industrial farms, as long as there is enough of it.

what about incentives to ppl that do the work/tasks?
the most obvious one would be rewarding ppl with your own token if you have one; you can also just make your game/tasks entertaining/meaningful and ppl genuinely like to play/do

the kicker here probably is that gaias actually can provide its own token - $ai, as incentive for you. but it's not all that simple. you'd need to get the dao's buy-in to get some allocation. that's where things can get interesting, and i'm thinking of curve wars, bribe, etc. type of interesting.

on top of filling an important and yet huge void for the market, another thing i like about gaias is the fact that it has no barrier of entry to participate and earn rewards. you don't have to hold any token or own any nft. all you need is a computer/mobile and some screen time, hence, also puts it in tangent with depin narrative i guess. this is in contrast to all existing crypto ai agents, for which the only way to benefit from the advancement of an agent is to own its token and hope for the price going up.

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ogs nfts

they are the vehicle and proof of ownership for agents (the "caveats" mentioned previously), there is a lot to it but this is already getting too long

tl;dr:

i think each ogs nft would be tokenized to form its own protocol/dao. because ogs holders have a great deal of incentives to have as many good agents as possible, which would require the agents to be employed very often and perhaps also some dev work if you wanna be hands-on. you can't just sit around like me, leave your gos in metamask together with some ugly ass nfts you bought in 2021, and wait for the agents to earn money for you. this stuff takes a team.

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$henlo

it's the first game built in gaias, also tl;dr because it's getting disgustingly long now:

- the first project/game for gaias by team themselves as a showcase
- incredible incentive: jackpots in the size of 7 to 8 figs
- incentive comes from ogs sales royalties, so the game itself is likely somewhat coupled with gaias, and gaias can be big
- good memes
- strong network, e.g., collabs with mog, puppets, wassies, azuki communities, etc.
- distribution via telegram, killer advantage (the same goes to any onchain apps that can effectively leverage tg distribution)
- since it's the first and only one in gaias eco so far, participants might get a fat airdrop of the $ai token, especially if you don't own ogs nfts but wanna have a more liquid alternative exposure to the airdrop

some ppl are complaining about the theater of the token launch. i hated it too. but it is what it is. move on.

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i don't know how to value any of this. if there is any reference, then maybe we can look at how the market has valued the frameworks, then factor in the aspect of being the only protocol in this niche. as to $henlo, i guess the club members can be seen as references, again factoring the novelty, jackpot, and ai narrative. afaik, neither gaias nor henlo had vc funding, so hyperliquid arc i hope.

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that's all
it's too long. so much longer than i would've liked
my information on all this is limited though, since i'm not in their tg and can only follow stuff on socials.

i genuinely want both gaias and henlo to succeed and make up its own vertical even. i wouldn't have bothered yapping this much otherwise. but the execution risk is there, as henlo isn't launched yet ("soon" i heard)

hopefully @ciniz can unblock me and let me in the tg chat again. i just wanna have a better way to stay up to date with the stuff, because, you know, the comms..

tagging @exqzeee, if you can let her know. thanks bro

[Jon Wu @jonwu_]

Despite being used by Balaji, Vitalik, and Jesse, @anoncast_ is probably the most under-appreciated project in all of crypto right now.

Anon is lighting the path for @base szn, @farcaster_xyz supremacy, and on-chain privacy with @NoirLang--launched with @clankeronbase.

A guide to Anon, its lore, and how on-chain privacy is now reality:

[Juulius @SeizureJuulius]

Dad just texted me said he bought his first crypto.

I immediately made a pumpfun and sent it to just him. Soon as he bought i rugged it.

Lesson one, welcome to the trenches buddy.

[fooo @bitcoinpanda69]

Le $PEPE

and why it could go higher than your worst nightmare:

PEPE had a stealthy launch and caught on like wildfire. The first round of major exchange listings provided the liquidity for buyers on the way up, many now whales, to dump -- this is standard operating procedure in the crypto market, and surprised no veterans. They say a panda sold the picotop, but that's a just a rumor

We were, after that, in for a lot of sideways grind. If the frog coin was to emulate shib from the last cycle in any meaningful respect, it would follow a similar course to the doggy coin comp - a meaningful pump to kickoff. Months and months of sideways and down while normoids capitulated, and then, at some point, during the meme vertical capital rotation of the cycle, a massive launch to vomit-inducing, dizzying highs

Shib, unlike PEPE, isn't even funny ifo. and yet behold the chart from last cycle. Pepe, while more contentious and divisive as a meme, owing in part to an association with several vestiges of the alt-right, particularly on "frog twitter", is objectively a much more funny, and much more popular meme

Some people created it, and gave it to the community.

Pepe experienced complications when a multi-sig event occured whereby most of the creators sold their coins without having consulted everyone. Because this was, itself, sketchy, many were scared off of Pepe or turned off by the objectively very off-putting, unethical move.

However, the remaining operator of Pepe has burned many tokens, keeping some for listings (many hope Coinbase is included)

In the ashes of the aftermath, after months have passed and the emotions have faded, it seems the coin may actually be *more* viable, rather than less, as there is no longer that 6.9% to be dumped at any time. The worst has happened already, and early, before the macro crypto cycle has meaningfully commenced.

Ifo this is likely bullish PEPE for this cycle, as there will be time enough for many to forget or move on from that dark past.

This is all not to say anything is guaranteed... it's possible people will remember that multisig thing. Be turned off by it. Possible the new capital that flows into the market just doesn't get the frog memes, since they are more normie than us spergs

but ifo it seems far more likely PEPE catches a massive rotation and goes for more x than most people can tolerate without vomiting. The most hated coins rally the most etc etc

fooo has a modest PEPE position and is willing to let it go either low and be a lost cause, or go higher than everyones' worst nightmares

The meme vertical could be very powerful this cycle - the economy continues to deteriorate and zoomers continue to speculate. And the zoomers? They are more jaded than ever before. The meme vertical is a "fuck you" to the existing financial establishment. One might be hard pressed to find many memes more "fuck you" in their nature than PEPE.

[dappfuse @dappfuse]

Big things coming soon - new website and closed beta invites are on the way. Stay tuned!

[dappfuse @dappfuse]

Want to enrich your #Amplitude data with #blockchain activity? Watch @blubber_fish 's latest video and create better-automated #marketing for your #Web3 business.
https://t.co/wRDSGgtH9f

[Robo @robodottech]

Congrats to the @dappfuse team for receiving a $5k grant from @NEARProtocol to continue building after Build v3!

@NEARProtocol is back for v4 and will continue supporting great builders, including by selecting promising projects into @nearhorizon 🚀

[dappfuse @dappfuse]

Connect @mixpanel to the #ethereum #blockchain in less than 5 minutes. Easy as pie. Follow along with @blubber_fish to learn how in this video.

https://t.co/UrkL9yVrdq

[Base App @baseapp]

Swapping tokens has never been easier.

See what launched the past two weeks to make trading over two million coins across @base, @ethereum, @Optimism, @0xPolygon, @BNBCHAIN, @arbitrum, and @avax even easier: 🧵

[jesse.base.eth @jessepollak]

just saw a few minutes of ~300-400 tps on @base with no issues

[Unchained Insiders Of TAO @TAOUnChained]

I feel like the @Rune_Whisperers is the big middle finger to the @0n1Force and @inkonbtc collections. Unaffordable and Gate keeping is not the way. All you needed for rune-whispers is to hold a Fair drop #Runestone to mint. To the moon!

[AZ👾 @contrarycap5]

Degen is the solana of this cycle. The solana of this cycle can’t be another L1 but something that spawns a new category

[dappfuse @dappfuse]

Have you ever wanted to send any blockchain data into your Mixpanel instance?
Look no further. We got Mixpanel, Amplitude, and more marketing analytics tools covered.
Let's talk. #BlockchainInnovation #web3marketing #blockchain #analytics

[tunez @cryptunez]

Spent about 2 hours deciding which flight to buy, comparing about 20 different travel sites in an attempt to save $50.

When I finished, I opened up dexscreener and immediately aped $10,000 into a meme coin that was created 12 minutes ago.

[Crypto Texan @Crypto_Texan]

to this day, this is my favorite explanation of zero knowledge proofs

by zkOG @zooko

it’s simple really

[Jake Chervinsky @jchervinsky]

If you're following all the news about SBF today, take one moment to reflect on Ross Ulbricht.

SBF got 25 years. That's a long time, but he'll get out and have a life left afterward.

@RealRossU got two life sentences, plus 40 years.

This is not justice.
https://t.co/nOnKQFkctx

[Miles Deutscher @milesdeutscher]

Solana has created thousands of new millionaires this year.

But you're no longer early.

The BIG profits are made from being EARLY to a new rotation.

There are signs that BASE might be next.

🧵: My Ultimate BASE Guide (meme coins, airdrops, altcoins & more).👇

[Matt Polvi @MattPolvi]

@lsdordinal @LeonidasNFT @TO @RealTalk_NFT check this out

[CRYPTO 101 Podcast @CRYPTO101Pod]

Breaking: LIVE ON CNBC #Bitcoin ETF starts trading tomorrow
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