YAARON

Research Director | @MetaStoneGroup MetastoneGroup

[YAARON @YW_MetaStone]

@Zorathzzz 186,000

[YAARON @YW_MetaStone]

built another 😀📷📷@devfun @tungsahurxbt using Vibe Coding! No coding hassle—just natural - language prompts. Funny. Sahur! 📷 https://t.co/VDwcd1wyub

[YAARON @YW_MetaStone]

Just built an 😀📷🐶>@devfun using Vibe Coding! No coding hassle—just natural - language prompts. AI did the heavy lifting. Future of dev is here! 📷 #DevFun https://t.co/elC88koZrP

[Messari by Blockworks @MessariCrypto]

State of DePIN 2024 🧵

[zerokn0wledge.hl 🪬✨ @zerokn0wledge_]

✨ 𝕋𝕙𝕖 𝕌𝕝𝕥𝕚𝕞𝕒𝕥𝕖 ℤ𝕂 𝕃𝕒𝕟𝕕𝕤𝕔𝕒𝕡𝕖 𝟚.𝟘 ✨

ZK is the endgame and it already is a multi-billion $$$ industry. Soon we'll be talking trillions though.

Let's have a look at the leading builders. 👇👀

𝘇𝗸𝗩𝗠𝘀

✦ Jolt by @a16zcrypto
✦ Nexus by @NexusLabsHQ
✦ Risc0 by @RiscZero
✦ Sp1 by @SuccinctLabs
✦ Valida by @lita_xyz
✦ zkOS by @the_matter_labs
✦ Miden by @0xPolygon
✦ Ola by @ola_zkzkvm
✦ TritonVM by @seagodcrypto
✦ zkWasm VM by @fluentxyz
✦ CairoVM by @StarkWareLtd
✦ zkLLVM by @nil_foundation
✦ snarkOS by @AleoHQ
✦ Lurk by @LurkLab
✦ MIPS zkVM by @o1_labs (Mina)
✦ Piecrust VM by @DuskFoundation
✦ @ProjectZKM (Universal Settlement Network)
✦ @DelphinusLab (zkWasm)
✦ @Aleph__Zero (ZK L1)

𝘇𝗸𝗘𝗩𝗠𝘀

✦ @0xPolygon zkEVM
✦ @zksync Era
✦ @Scroll_ZKP
✦ @taikoxyz
✦ @KakarotZkEvm

𝗨𝗻𝗶𝘃𝗲𝗿𝘀𝗮𝗹 𝗣𝗿𝗼𝘃𝗶𝗻𝗴 𝗟𝗮𝘆𝗲𝗿𝘀

✦ @gevulot_network (L1 / zkCloud)
✦ @lagrangedev (AVS)
✦ @MarlinProtocol (Proving market)
✦ @provernetwork
✦ @Snarkify_ZKP

𝗨𝗻𝗶𝘃𝗲𝗿𝘀𝗮𝗹 𝗩𝗲𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗟𝗮𝘆𝗲𝗿𝘀

✦ @alignedlayer (AVS for proof verification, potentially aggregation)
✦ @horizenglobal (L1)

𝗜𝗻𝘁𝗲𝗿𝗼𝗽𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝘆 / 𝗣𝗿𝗼𝗼𝗳 𝗔𝗴𝗴𝗿𝗲𝗴𝗮𝘁𝗶𝗼𝗻 𝗟𝗮𝘆𝗲𝗿𝘀

✦ @Polymer_Labs (transport/messaging layer)
✦ @hyperlane (transport/messaging layer)
✦ @union_build (zkIBC, potentially aggregation)
✦ @0xPolygon AggLayer (proof aggregation)
✦ @nebrazkp (proof aggregation)
✦ @labs_electron (zkIBC / proof aggregation)

𝗭𝗞 𝗛𝗮𝗿𝗱𝘄𝗮𝗿𝗲 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗼𝗻

✦ @Ingo_zk
✦ @_Supranational
✦ @AMD
✦ @cysic_xyz (also Kalypso proving market / ZK-CaaS)
✦ @kroma_network (Tachyon: Modular zk backend acclerated by GPU)

𝗣𝗿𝗶𝘃𝗮𝗰𝘆

✦ @zcash
✦ @penumbrazone
✦ @namada
✦ @RAILGUN_Project
✦ @aztecnetwork

What is missing on this list anon? 🤔

Let me know in the comments! 💬👇

[Andy @andyyy]

The modular thesis is really starting to come together.

However, next several months are crucial for developments leading to what I believe is the ultimate end goal of modularity:

The consistent production of massively popular apps fueled by the rapid acceleration of innovation with blockchain technology.

Here's a broad update from the ecosystem at large...

We currently have the @initiaFDN ecosystem live on public testnet with mainnet shortly behind. They have their own "minitias" such as @blackwing_fi & @milky_way_zone gaining traction and picking up steam.

All of the initia rollups will use @CelestiaOrg for data availability.

Today, we witnessed the launch of @Formachain, the first sovereign rollup using @AstriaOrg as the sequencing layer, with Celestia underneath. Astria is the big sleeper here, set to be the sequencing network you'll practically *need* to connect to in order to get the network effects of the Celestia rollup ecosystem.

Sovereign rollups are the next step for the Celestia ecosystem. They are more akin to L1s which settle to a DA layer (Celestia).

The general trend towards using modular DA providers has also accelerated. Teams like @0xMantle are using @eigen_da, we will see @AvailProject start to gain serious traction when they go live as well.

We expect this trend to continue and see more teams like @0G_labs come into the DA picture and gain marketshare in specific niche communities.

For now, its mostly dominated by the big three.

The @dymension ecosystem is pushing forward as well. @nim_network has gone live, @Rivalz_AI is coming and others are in the pipeline. Price has been a major sentiment detriment, but these projects are extremely new. They will have ups and downs.

Furthermore, rollup frameworks are shipping like crazy right now. @Calderaxyz & @gelatonetwork have both shipped massive W's recently (@apechain & @reya_xyz respectively). We're seeing this trajectory of apps -> chains advancing aggressively, with Lens launching on the ZK stack & ENS moving towards launching an L2.

Other frameworks like @cartesiproject and @sovereign_labs are quietly watching their ecosystems grow and flourish with builders and demand for appchains and rollups.

Also, next-gen VM ecosystems like @fuel_network are coming alive with testnet imminent, and mainnet right around the corner. Apps are being funded and deployed there as well as an abundance of apps on @movementlabsxyz have been announced recently with their devnet coming online in a few weeks.

The @lumioFDN has found its niche in modular VM abstraction by bringing apps from any VM to any chain. Solana apps on the Optimism Superchain, soon.

Meanwhile, @fluentxyz just announced their breakthrough with blended execution environments.

The @fraxfinance Fraxtal ecosystem is heating up too with a massive hackathon ongoing. They have a cohort of 21 chains/apps (what's the difference anymore, anyway?) gearing up to build L3s & L2s within Fraxtal's ecosystem. Innovative blockspace incentives and points are also being tested real time.

The other incredibly hot topic recently is chain abstraction, which I think is the most important next step for the modular future.

What good are all these chains if we can't make the UX equivalent to a monolithic L1? That is the big argument from that camp. I think chain abstraction protocols like @Connext, @ParticleNtwrk, @AcrossProtocol, @SocketProtocol and others are doing a great job at pushing this forward. The other part is interop, which I'll touch on in a second.

My big question is: When will see this live?

After speaking to the teams, I'm pretty sure in the next 3-6 months we see a major breakthrough in the adoption of chain abstraction based tech.

In addition to chain abstraction, the biggest question mark so to speak of modularity is interoperability...but I have a similar confidence in this being solved.

@OmniFDN, @union_build, @0xPolygon AggLayer, @AcrossProtocol, @jumperapp, @deBridgeFinance and @Hyperlane_xyz are leading the way here. Hyperlane, Jumper, deBridge and Across being the most-tested and used, the others being in production still.

AggLayer shown below, as aligned with the thesis of "one proof to rule them all" which I know some of the teams above also share...still a ways to go on this.

My question here is on the extensibility of these protocols: Who can be the interop provider for 1000s of chains?

Many will claim they can, but we will see where we end up in 6 months with another 50-100 rollups and a need for easy access.

This past week, @CatalystAMM launched mainnet as well, which could be a massive win for the modular space. They are able to have an implementation of their DEX on just about any chain, fairly quickly. They've started with three superchain deployments now, and will expand more quickly.

I'm extremely excited about what I'm seeing in the space, yet the buzz around modularity appeared to take somewhat of a downturn the last few months (I guess its quite correlated to TIA price action, which in the future will seem silly).

There is so much happening, but the past few months have validated several main theses of ours @therollupco...

1. The transition from apps -> chains will keep accelerating.

2. The "fragmentation" problem of modularity is a short-term bruise, not a long-term deterrent.

3. The modular stack is not just three parts, rather its closer to 8-9 now.

The innovative apps from this decade will be built on modular rails. I'm certain of that.

We must modularize to win together.

[Anthony Rose @anthonykrose]

1/ The L2 landscape has changed a ton over the past few years. I definitely didn't use to have to scroll down on @l2beat.

I also know it is not easy to understand the differences between these systems.

While I have a coffee, here is a TL;DR on what we're building @zksync.

[Senator Cynthia Lummis @SenLummis]

We are building a pro-crypto army in Congress.

[Illia (root.near) (🇺🇦, ⋈) @ilblackdragon]

Today we announced that we will focus on making NEAR the home for User-Owned AI. We need AI that optimizes for the privacy and sovereignty of users.

NEAR Foundation commits to incubate and invest in NEAR-based AI infrastructure projects including compute and inference, data curation and rewarding creators, crowdsourcing and synthetic data marketplaces, agentic infrastructure, and more. Any AI application and novel consumer use case can leverage NEAR for the best User-Owned AI infrastructure and access everyone in Web3 via Chain Abstraction.

We have established the @near_ai AI R&D lab led by @AlexSkidanov and me, focusing on building an AI Developer to allow anyone to build end-to-end Web3 applications without code.

NEAR is the best place to build and incubate the next generation of AI projects. NEAR Foundation, as a well-resourced not-for-profit with strong expertise in both AI and Web3, is positioned to drive a User-Owned AI movement that offers alternatives to closed, centralized players and succeeds at a global scale.

Projects building in the Web3 x AI space should apply at: https://t.co/LhWxgJGsvS

[Ron Hammond @RonwHammond]

1) This week in Congress and crypto: Without a doubt, this is the biggest week for crypto in DC! There's a crypto bill currently sitting on the President's desk, a full House floor vote on the comprehensive market structure bill, and a decision on the ETH ETF. Here's the latest:

[Haseeb ＞|＜ @hosseeb]

https://t.co/BvEvMLFYq7

[Delphi Digital @Delphi_Digital]

Prove it !

The modular thesis is commonly understood to consist of four layers: DA, Consensus, Execution, and Settlement. A new layer, shared provers, is likely to be integrated into the modular thesis.

Could it become the missing piece for efficient and scalable verification? 🧵👇

[Raoul Pal @RaoulGMI]

A bit of shade being thrown about the Banana Zone. Let me clarify...

Macro Summer and Fall are driven by the global liquidity cycle that exhibits clear cyclicality since 2008.

[Mark Cuban @mcuban]

Are you asking about cash or crypto ? For crypto: lower cost of capital transfers, immediate collateralized loans, store of value , tokenization of assets, application and retention of royalties to digital assets like books, real time, low cost insurance markets , cold storage ownership of significant assets to protect against theft

Good enough start ? I’ll let others add more.

If the SEC would follow Japan’s lead the fraud would be reduced significantly.

And as a point of reference the amount of fraud in bulletin board stocks rivals that of today’s crypto. The SEC will let you trade billions of shares of bankrupt companies that have announced they their shares will never have value.

This is an institutional failure of the SEC, not a crypto issue. If the SEC has instituted audited collateral and segregation of funds requirements , we would not have seen FTX and others fail.

[fantasy.top @fantasy_top_]

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[YAARON @YW_MetaStone]

Despite the dreadful weather and a few bumps along the road, @viewfromhk made it through and delivered an outstanding speech at our event! 🌧️🚗 big thanks！！Don't miss his triumph over traffic woes!😃😃

[Robby Yung ⦿⦿⦿ @viewfromhk]

I actually made it to an event on time! #dubai2024 😂

Thanks to the the @MetaStoneGroup team for having me - it was great to speak with everyone about digital property rights, interoperability, and @oma3dao!

[fantasy.top @fantasy_top_]

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[sassal.eth/acc 🦇🔊 @sassal0x]

The Dencun upgrade is now live on the Ethereum mainnet bringing with it a host of EIPs including the beloved EIP-4844!

The blobs are here and a new era of Ethereum scalability has begun!

[YAARON @YW_MetaStone]

just attended the @JBEXCOM Demoday Finals, and it was incredible to witness the innovative solutions presented by talented founders. Looking forward to seeing these startups thrive in the future!

[Ju.com @Jucom_Official]

📢 Jubi Builder Demo Day Finals Space 🔥

❤️Judges: @AngelaT0731 @MetaTrustLabs , @1s0l4te @lunaray_sec , @devicex_w , @KelseyWeb3VC @ACCapital1 , @YW_MetaStone , @ZyxArthur

📍Click to RSVP and watch live 👉 https://t.co/bJ0o9Xl3cx

[YAARON @YW_MetaStone]

Congratulations @Web3SpaceNW on the successful event! Let's all buidl together!

[Web3 Space @Web3SpaceNW]

[Recap] Web3 Space - Winter Pitch

🔥 We had an amazing Winter Pitch event with over 50 participants! It was an incredible opportunity for entrepreneurs to showcase their ideas and connect with potential investors. Thank you to everyone who attended and made this event a huge success!

Thanks for the investors from @SuiFoundation , @Hela_Network , GEM Group, Turing Capital , https://t.co/rNFJH8MrZo, L2 Iterative Venture (L2IV), Poolside, @BlizzardFund , Triangle Ventures, https://t.co/qGaYnENhus, @HTX_Global , @finverseglobal , @IDGCVBlockchain ,@w3_fund , SVB , Techfarm , Kasikorn X, Linkbase, @LightLinkChain , BESTER VENTURES, @7upDAO , @avatar_dao , DTS Foundation

Thank for the projects: @get_nimbus , @hyperstationFND , Toyland Defense, @XpadFund, @SnotraProtocol, Dissect , @Bundledfinance, UmbrellaZ, @Betterfanapp , Hopeverse

#WinterPitchEvent #Entrepreneurs #Investors #Networking