I think crypto founders’ lack of long-term ambition did more to erode this industry’s talent density than we admit.
Crypto is fundamentally trust infrastructure. Building something that meaningfully improves the financial system is a (long) compounding game. It takes a decade of focus.
But when prices go crazy every year, there are endless ways to make stupid money: speculation, advisory gigs, scattered investments, farming. It’s been very easy to get distracted.
The good news: it’s gotten SO MUCH better. Many short-sighted founders and projects have moved on.
Tangible impact attracts the best people. And we’re finally seeing concrete improvements in payments, financing, and trading from bringing them onchain.
As an industry, we should do more to make those improvements visible. Our “ChatGPT moment” will come when people open their financial app and feel a step change in what they can do and at what price, without needing to know that stablecoins, DeFi, or tokenized stocks made it possible.
I think we’re close. That’s what will drive the next wave of adoption, and make the most ambitious people want to build here.
There are many builds that become possible with Flare Compute.
Use your Claude / GPT models to explore them.
New businesses that can be launched.
Processes for established businesses that can be migrated.
Capital that can be coordinated.
This is your playground. Go play.
Zoom out for clarity
The blockchain infrastructure built over the past 15 years has attracted a lot of capital
Significant task remains communication + robust systems as we head into the agentic era
Flare Compute verifiable guardrailed agents and data = interesting
JUST IN: Hex Trust taps Flare for $USDX reserves verification
The system uses Flare’s Confidential Compute on Songbird to check private and public reserves against USDX supply, publishing a signed result that confirms whether the stablecoin is backed 1:1 or more.
When you combine the Flare Data Connector oracle with Flare Confidential Compute to trigger private compute on data based upon onchain/offchain outcomes, the capture starts to become very interesting for FIRE.
Get in touch if you're looking to start making use of Flare's stack.
As its Alt SZN (TM) I wanted to recapitulate the Flare offering.
• Flare is the only major L1 with a built in data.
• That data is used to power onchain markets and interoperability with tokens like XRP and Bitcoin which have historically been massively underutilised.
The utility just from this is huge - Firelight, the entire DeFi ecosystem in Flare, Flare smart accounts etc. This is where we are today but the best is yet to come… read on
• Those same data capabilities are being used to assure a verifiable compute layer that sits above Flare.
• Verifiable compute lets you run huge programs (example - a whole LLM) privately and with sufficient security to use the results onchain.
The use cases for the combination of Flare’s data, interoperability and compute are manyfold:
Protocol managed wallets which let a decentralised application on Flare take actions on any chain.
Autonomous crypto or RWA portfolio creation & management.
Private data streams that can interact with applications - so a public app can use data that can’t be exposed publicly but a user can be certain that the data came from the correct source.
Applications built directly on chains like XRP (with baked in privacy).
Private equity or perps markets.
Privacy tooling that can be applied to other markets.
Private and verifiable agents.
These are just a few of the ones that appeal to me.
Everything feeds revenue into FIRE - the Flare mechanism for buying back the FLR token.
We are ALL early.
Honestly, that's a very creative and impressive XRP unlock!
Flare acts as an extended arm for the XRP Ledger here.
Deposit XRP on XRPL -> Flare FXRP -> Borrows RLUSD on Morpho -> Receive RLUSD on XRPL in your wallet.
All that without new accounts or wallets. Even more bullish on Permission Delegation now which is a important piece to make it happen.
One of the things history teaches us is when there is a capable, determined, driven, smart and ruthless leader driving something forward, they tend to succeed.
Get in a room with Hugo Philion.
Look him straight in the eyes.
You'll see what that looks like.
Flare.
If you like what Flare can do with XRPL now you will love what will be possible with the FCC.
How about building a fully decentralised neobank directly on the XRPL? No bridges no complexity.
Bitstamp Europe has taken FLR through the MiCA disclosure and admission-to-trading framework, with Luxembourg as the home state and 29 additional EU/EEA countries listed as host markets.
This gives FLR a much clearer regulatory distribution path across Europe through a major regulated exchange.
This is happening at the same time that Flare’s economic model is changing:
FlareDrops have ended, while FIP.16 targets a reduction in annual inflation from 5% to 3%, lowers the annual cap from 5B to 3B FLR, and introduces a modest increase in fees.
European access is becoming more structured as FLR moves into a more mature post-distribution economic phase.
Almost 25% of circulating FLR is staked to network validators. This is a significant milestone for @FlareNetworks.
Next stop 33%.
Then 50%.
Learn more on how to stake FLR here: https://t.co/oy3BeJLflN
Since the announcement of FIP.16 the staked amount has gone from 11B to 20B.
Stronger validators, stronger data, stronger network.
FDC fees accrued in FIRE are the next step - everything is aligned and pointing in the correct direction and fuelling the flywheel.
Next step - P-chain staking eclipses WFLR delegation.
This is something we have been working towards for a while.
A lending market for RLUSD collateralised by FXRP, curated by one of the most trusted institutional curators in the industry @SentoraHQ.
This opens the door for much larger FXRP lending markets and for institutions that holds Billions of XRP to participate.
Good for XRP.
Good for RLUSD.
Good for Flare.
XRP as "Bitcoin for banks" does have a nice ring, with Flare as the yield layer.
Also reminders of use cases for the Flare Data Connector in trade finance deliverables.
It is a good time to be building.
@FlareNetworks
FLR already has a regulated ETP through @ValourFunds — one of Europe's largest dedicated crypto ETP issuers.
European investors can access FLR directly from a standard brokerage account. No wallet. No exchange.
The TradFi distribution layer is live. https://t.co/mABqMFRSoo