Unlayered

Matty's Masterclass on Tokenomics (@mattyTokenomics) Oct 12, 2023

Matty is one of the world's foremost experts on tokenomics, having led token design efforts for Status.im and advising 50+ projects on their token design to-date. Throughout this episode, we unpack various topics within Matty's open-source guide "Tokenomics for Builders" and ask him to elaborate on some of the key Dos and Don'ts of incentivizing user behavior with tokens. We also cover why historical examples like STEPN and Steemit failed and chat about the importance of sybil resistance in making any design work. This episode is a great primer into the world of tokenomics and is an incredibly useful resource for builders, investors, researchers, and anyone in-between.

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Time Stamps

0:00 - What are tokenomics

5:27 - Defensibility of web3 network effects

9:30 - Uniswap and Unibot as token models

16:21 - Has Friendtech solved social model

20:57 - Incentivising low vs high frequency activity

26:44 - Overcoming the cold start problem

33:11 - What Stepn got right and wrong

39:53 - Is holder governance a good idea

42:50 - Matty’s current projects

51:06 - Are tokenomics held back by regulation

55:22 - Achieving Sybil resistance

1:00:07 - Are bull runs driven by new tokenomic models

1:04:30 - Which projects have innovated

1:15:23 - What is Matty bearish on

1:17:38 - Tokenomics Design Canvas for builders

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Podcast Resources

Follow Sal: https://twitter.com/Sal_The_Bull

Follow Dave: https://twitter.com/SolBeachBum

Follow Unlayered: https://twitter.com/UnlayeredPod

Subscribe on Spotify, Apple, or Google: https://unlayered.io/

Clips on YouTube: https://www.youtube.com/@UnlayeredPod

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Episode Resources

Follow Matty Tokenomics : https://twitter.com/MattyTokenomics

Tokenomics For Builders : https://tr.ee/8sTcnRLPTZ

Tokenomics Design Canvas : https://tr.ee/fcCeSk9smS

Tokenomics Design Playlist : https://tr.ee/Bj9NbTkuQg

Multicoin DePIN Tokenomics : https://multicoin.capital/2023/09/21/exploring-the-design-space-of-deping-networks/

Karim's Hot Takes on the State of Crypto Oct 05, 2023

In this informal chat, Sal catches up with his good friend and former colleague, Karim Helmy (@karimhelpme). A departure from our typical interview format, this chat covers a wider basket of topics from the perspective of someone who's expertise spans Bitcoin mining, MEV, on-chain data science, and markets infra. Topics of discussion include current market conditions, DeFi vs CeFi, Bitcoin, the rise of Friend.tech, his view on high-performance L1s, and bear market phenomena (among others).

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Podcast Resources

Follow Sal: https://twitter.com/Sal_The_Bull

Follow Dave: https://twitter.com/SolBeachBum

Follow Unlayered: https://twitter.com/UnlayeredPod

Subscribe on Spotify, Apple, or Google: https://unlayered.io/

Clips on YouTube: https://www.youtube.com/@UnlayeredPod

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Episode Resources

Follow Karim Helmy : https://twitter.com/karimhelpme

Why Aren't Liquid Staking Tokens (LSTs) Popular on Solana? (Marinade) Sep 29, 2023

In this episode, we chat with Brandon Tucker, head of comms at Marinade Finance, to dive into the world of liquid staking tokens on Solana. In theory, the value prop of LSTs is clear. In practice, only a tiny fraction of staked Solana uses LSTs. Throughout this conversation, we unpack why that is the case and what Marinade is doing to lean into this predominant user behavior on Solana that is much less common on chains like Ethereum.

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Time Stamps

1:43 - The rise of LSTs

5:59 - Why LST adoption on Sol is so low

12:20 - Should epoch times be longer

15:18 - Marinade governance

20:23 - Marinade business model

16:44 - How to ensure accurate data gathering

25:47 - Centralisation vectors

33:28 - How to get more LST adoption into Sol dapps

39:04 - Competitive landscape from other providers

44:09 - Will Lido exit Sol ecosystem

47:44 - Competiton from centralised players

49:15 - How to bring liquidity back to Sol defi

53:07 - Future of LSTs

58:27 - Marinade roadmap

1:02:20 - What’s the next big thing in crypto

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Podcast Resources

Follow Sal: https://twitter.com/Sal_The_Bull

Follow Dave: https://twitter.com/SolBeachBum

Follow Unlayered: https://twitter.com/UnlayeredPod

Subscribe on Spotify, Apple, or Google: https://unlayered.io/

Clips on YouTube: https://www.youtube.com/@UnlayeredPod

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Episode Resources

Marinade Native Staking Referral Code : https://marinade.finance/app?ref=s7iob5by

Follow Brandon Tucker : https://twitter.com/BrandonTucker

Follow Marinade Finance : https://twitter.com/MarinadeFinance

Marinade Website : https://Marinade.Finance

The Parcl Paradigm: Trevor's Big Bet on Bricks and Bytes Sep 21, 2023

In this episode, we explore the intersection of crypto and real estate. Throughout our conversation with Trevor, Founder and CEO of Parcl Protocol, we learn why bringing DeFi primitives to the $3.69T real estate market is an inevitability and what new behaviors this potent combination enables for end-users. Trevor's wealth of knowledge from his buy side experience on Wall St helps anchor a comprehensive view into where Parcl plans on taking it's unique product-suite next.

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Time Stamps

0:00 - Sal and Dave opening thoughts

4:24 - Why crypto and real estate

7:54 - Parcl Vs REITs

9:31 - Who would use the product?

11:31 - Why haven’t we seen RE shorting mechanisms before

16:44 - How to ensure accurate data gathering

19:17 - Was Solana the correct choice to deploy

25:03 - How does the DEX operate

28:33 - Surprising findings

30:02 - How to attract liquidity

35:22 - Is this the perfect macro conditions to launch

40:25 - Lack of yield an issue?

43:17 - Hedging benefits

45:25 - Real estate macro view

50:16 - Future of RWA in crypto

53:20 - What’s holding apps back in crypto

56:45 - Future features of Parcl

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Podcast Resources

Follow Sal: https://twitter.com/Sal_The_Bull

Follow Dave: https://twitter.com/SolBeachBum

Follow Unlayered: https://twitter.com/UnlayeredPod

Subscribe on Spotify, Apple, or Google: https://unlayered.io/

Clips on YouTube: https://www.youtube.com/@UnlayeredPod

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Episode Resources

Follow Trevor Bacon : https://twitter.com/TrevorJBacon

Follow Parcl : https://twitter.com/Parcl

Parcl Website : https://app.Parcl.co

Solarplex Spotlight: Viksit's Vision to Bond Communities Through Crypto Sep 14, 2023

Solarplex (fka Dispatch Protocol) has been one of Solana's most successful projects at the intersection of crypto and social. In spite of still being in an invite-only beta, Solarplex's userbase has been on a tear, generating tens of thousands of unique posts each week. During our chat with Viksit, the Founder of Solarplex, we learn about his views on crypto social, Solarplex's unique value proposition to communities, the role of cNFTs in creating novel experiences, and where he sees Solarplex going long-term.

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Time Stamps

1:05 - Viksit’s background

6:16 - Decision to build Solarplex

11:12 - Why build decentralised social media

16:00 - Business case for opening up social graphs

24:51 - How to attract users from web 2

30:12 - Using digital assets in social media

34:06 - Monetisation from gaining access

35:15 - Roll-out strategy

37:39 - Dealing with bots

40:08 - Decentralised moderation

45:51 - Data storage on-chain

48:36 - Where Solarplex sits within existing social media

53:51 - Future features to be rolled out

58:34 - What has been a surprise

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Podcast Resources

Follow Sal: https://twitter.com/Sal_The_Bull

Follow Dave: https://twitter.com/SolBeachBum

Follow Unlayered: https://twitter.com/UnlayeredPod

Subscribe on Apple: http://apple.co/3VyBSWI

Subscribe on Spotify: http://spoti.fi/42q03J2

Subscribe on Google: https://tinyurl.com/5dwn2476

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Episode Resources

Follow Viksit : https://twitter.com/viksit

Viksit’s blog : https://Viksit.com/

Follow Solarplex : https://twitter.com/solarplex_xyz

Solarplex Website : https://Solarplex.xyz

Richard Wu (Tensor) on the Financialization of NFTs (and if we accidentally killed them) Sep 09, 2023

We chat with Richard Wu, Co-Founder of Tensor, to understand how Tensor's 2-man team successfully took on Goliath (Magic Eden) and chipped away at Magic Eden's 95%+ market share last year. We learn about how Tensor's intense focus on power-traders gave them a beachhead market that demonstrated the viability of heavily financialized, terminal-esque trading interfaces for NFTs. We also ask Richard if Blur/Tensor killed NFTs and what he's most excited about for future NFT adoption. It's a very insightful conversation with one of the best builders in all of crypto and Solana. (0:00) - Finding the right co-founder (9:25) - Selecting the correct market to disrupt (12:03) - Building early PMF (14:59) - Has Blur ruined NFTs? (20:17) - Thinking about product design (23:59) - Building web 3 applications (33:17) - Tensorians NFTs (42:39) - Moving beyond Solana? (46:33) - Future of Eth NFT ecosystem (49:38) - Drivers for NFT adoption (55:01) - What’s exciting outside NFTs (58:00) - Next steps for Tensor (1:03:53) - Thoughts on the last year - - Podcast Resources Follow Sal: https://twitter.com/Sal_The_Bull Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Richard : https://twitter.com/0xrwu Follow Ilya : https://twitter.com/_ilmoi Follow Tensor Trade : https://twitter.com/Tensor_hq Tensor Trade Website : https://Tensor.trade

The Monad Movement: Keone's Journey from HFT Systems to EVM Scalability Aug 31, 2023

We chat with Keone, Co-Founder & CEO of Monad.xyz, about his background in building high-performance systems for Jump Trading’s high-frequency trading and crypto divisions. We unpack how Keone is leveraging his expertise to scale the EVM. Traditionally, most approaches to scaling blockchains, such as Solana, Sui, Aptos, Sei, etc, choose to eschew the EVM in favor of maximizing performance. Keone believes that maintaining compatibility with existing EVM tooling and infra is key to long-term success. We talk about his vision for scaling the EVM to 10k TPS, the challenges of launching an L1 ecosystem, what consumer adoption looks like, and a litany of design considerations throughout this discussion. (0:52) - Monad’s vision (3:54) - Why not build out an L2? (9:56) - Parallelizing the EVM (17:19) - Hardware requirements (22:02) - Future of DEX trading (32:32) - Exciting areas of crypto (36:29) - Responding to criticism (40:13) - Where does Monad fit within Ethereum (42:21) - Horizontal scaling future for Monad (44:37) - Integration with Solana (45:44) - Benefits of single slot finality (49:00) - Go-To-Market strategy (52:36) - Privacy on blockchains - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Keone: https://twitter.com/KeoneHD Follow Monad: https://twitter.com/Monad_xyz Galaxy Website: https://Monad.xyz

Alex Thorn (Galaxy Digital) on L1s, L2s, and Institutional Crypto Aug 26, 2023

Alex Thorn, Head of Firmwide Research at Galaxy Digital, shares his L1 thesis and how he thinks ETH + L2s will outcompete most alt L1 platforms over time. He also comments on potential tailwinds for both mainstream and institutional adoption of crypto and shares his views on certain areas of crypto that might be overhyped. This is an entertaining conversation with a Bitcoin OG who’s been through multiple boom/bust cycles in crypto with the scar tissue to prove it. (0:54) - Ready Layer One thesis (4:02) - Will Eth win new web3 categories (17:23) - How does adoption happen (24:05) - Regulation as crypto’s final boss (26:31) - Technological change on BTC (32:30) - Could BTC lose its no. 1 spot (41:08) - Crypto drivers for next bull market (45:56) - Sol Vs Eth L2 narratives (48:05) - Base as dominant L2 (53:53) - How to avoid cynicism (58:46) - What will be top of funnel for new entrants - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Alex Thorn: https://twitter.com/IntangibleCoins Follow Galaxy: https://twitter.com/GalaxyHQ Follow Galaxy Research: https://twitter.com/GlxyResearch Galaxy Website: https://Galaxy.com

Solana Legend on Next Generation Blockchains Aug 18, 2023

Solana Legend (@solanalegend), managing partner of Frictionless and co-founder of monkeDAO. Spends most of his waking hours thinking about next generation blockchains. As one of Solana’s earliest and loudest supporters, Legend has a unique vantage point into how Solana and other high throughput blockchains are well-positioned to onboard the masses into crypto. This convo, is a fun mix about Solana’s early history, initial ties to FTX, its meteoric rise during the bull run of 2021, and some of Legend’s contrarian takes. (0:30) - How new L1s compete with incumbents (9:10) - What will bring new users onto L1s (15:14) - The aha moment of DePIN (19:00) - Value prop of web3 gaming (24:05) - Integration of web2 social with web3 rails (32:40) - Signal vs noise of current on-chain meta (36:31) - View on recent DeGods saga (41:55) - Ethereum’s endgame (45:18) - Most under-appreciated narratives - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Solana Legend: https://twitter.com/SolanaLegend Follow Frictionless Capital: https://twitter.com/_Frictionless_ Frictionless Website: https://frictionless.fund

How Dynamic NFTs Will Replace Coffee Shop Punchcards (Underdog Protocol) Aug 11, 2023

Kevin and Nick from Underdog Protocol, grand-prize winners of Solana Grizzlython 2023, are on a mission to help business integrate dynamic NFTs into their products. Their vision for the future includes blockchains as a shared data layer for both consumers and businesses. While early experiments in bringing web3 to industry incumbents like Starbucks have shown limited success, Underdog’s unique approach combines the scalability of Solana with the developer-friendliness of integrating any standard API like Stripe. In a roundtable format, Sal, Dave, Kevin, and Nick talk at-length about this emerging use-case of NFTs with an intense focus on the long-term utility of NFTs and how they tangibly add value to current user journeys. (1:12) - What is Underdog (7:50) - Why brands will share data on-chain (14:46) - The real value prop of web3 (21:44) - Issues of curation for decentralised social graphs (24:40) - Completely new marketing models (29:39) - How to build moats in an open data world (38:43) - On-chain cookies (40:25) - Which blockchains will win (44:59) - How Underdog is architected (49:40) - Future use cases of NFTs - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Tony : https://twitter.com/TonyPlasencia3 Follow Kevin : https://twitter.com/Kevarifin Follow Underdog Protocol : https://twitter.com/BackAnUnderdog Underdog Protocol Website : https://UnderdogProtocol.com

Kyle Samani on Crypto’s Role in AI, Consumer Tech, & other Contrarian Views Aug 04, 2023

Kyle Samani (Multicoin) joins Unlayered to share his views on a litany of topics. Mainly, what role does crypto have to play in emerging technological primitives like artificial intelligence and spatial computing. The trio also discuss why so much attention has been focused on infra vs consumer apps and the historical debate on modular vs integrated software architecture. This episode is a great way to gain a 10,000ft view of the space from the perspective of one crypto’s best, and often contrarian, thought leaders. (1:03) - State of the market (8:29) - Crypto social apps vs web2 (13:46) - Verticalisation of NFT marketplaces (18:47) - Will AI agents use crypto? (28:56) - Are AI bots a net good? (34:02) - Eth’s social scalability problems (39:15 - The merits of different blockchain designs (47:39) - Contrarian areas of interest in crypto (55:00) - Spatial computing - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Kyle: https://twitter.com/KyleSamani Follow Multicoin: https://twitter.com/multicoincap Relevant Multicoin Blogposts: Verticalization of NFT marketplaces - https://multicoin.capital/2022/06/22/beyond-verticalization-of-nft-marketplaces AI and Crypto - https://multicoin.capital/2023/06/02/the-convergence-of-crypto-and-ai-four-key-intersections Social Scalability - https://multicoin.capital/2021/05/25/technical-scalability-creates-social-scalability Rendering the Metaverse - https://multicoin.capital/2021/12/21/rendering-the-metaverse - - Disclosures Although our guest this week is the managing partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.

Reframing the Solana Narrative with Kel (Messari) Jul 28, 2023

Kel (@kelxyz_) is a researcher at Messari who recently dropped an amazing 30-page report (and awesome summary thread) on Solana. Sal and Dave chat with Kel about what he sees in Solana that others may have overlooked. Specifically, the trio cover the shifting narrative that has more people believing in the Solana ecosystem than ever before. Topics covered throughout the interview include Solana’s state compression, how to quantitatively judge SOL vs ETH performance, the class of users that crypto ultimately needs to support, and what consumer crypto applications should focus on (among other topics). (0:14) - Experiencing IRL Solana events (6:25) - Quantitative comparison of Sol Vs Eth (16:13) - Recency bias (21:11) - NFT compression unlocks (27:34) - Blockchain ecosystem taxonomy (30:15) - Valuing an L1 (35:36) - Which apps will lead the next bull market (45:16) - Imagining web 3 social protocols (55:37) - Looking ahead - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Kel: https://twitter.com/kelxyz_ Kel’s Solana Report: https://twitter.com/kelxyz_/status/1673725589876797441?s=20 Follow Messari: https://twitter.com/MessariCrypto

Embracing Memes, Speculation, NFTs (and more) with @fxnction Jul 20, 2023

Sal and Dave chat with Michael (@fxnction) about his journey towards growing a sizable Twitter following on two separate accounts across two separate crypto cycles. Michael has a knack for knowing what will go viral on Twitter and isn’t afraid to be first. The trio chat about the future of social media, why NFTs matter, lessons from getting hacked, how to diligence projects, and a litany of other topics. Michael keeps a close pulse on everything happening in the depths of crypto Twitter and generously shares a treasure trove of wisdom throughout this conversation. (1:07) - How crypto can transform the music industry (8:45) - Crypto and AI (12:06) - Social trends and speculation (18:57) - Taking personal responsibility around security (31:07) - Failings of the fiat system (37:22) - The utility of NFTs (51:02) - Crypto clout (55:32) - Due diligence on new projects (59:31) - Focusing on our spiritual side - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Fxnction : https://twitter.com/fxnction Roast Him Jim : https://twitter.com/RoastHimJim

What’s the point of a non-EVM chain? A Technical deep-dive with Zenllama Jul 14, 2023

Kevin (@zen_llama) is a former Apple (AirPods) and Solana Labs (Core) engineer. Kevin joins Sal & Dave in bringing his unique insight as a protocol engineer with experience across multiple blockchain ecosystems (ETH, Solana, Monad, and others) to provide a concrete explanation into why these different approaches exist and how they differ. Some interesting topics we discuss include: the key components of a blockchain, why multithreading matters for scalability in blockchains, Ethereum vs EVM Chain vs non-EVM Chain (like Solana), the advantages of scaling the EVM, how L2s differ from monolithic EVM chains (like Monad), and how Ethereum could one day be a multithreaded execution environment. While this is a longer and more technical episode than usual, there are tons of nuggets throughout our interview from the perspective of an engineer who’s been “chewing glass” for years. (1:16) - The issues with the scalability trilemma (6:53) - Blockchains from first principles (15:17) - The value add of blockchains (22:03) - The flywheel effect (26:40) - Design choices for blockchains (29:57) - Storing blockchain history (42:06) - Bandwidth as a bottleneck (45:52) - Consensus and time to finality (1:02:04) - Separation of state and data (1:11:02) - Solana’s Runtime V2 (1:16:03) - Where Monad sits on the spectrum (1:21:00) - Modular Vs Monolithic (1:30:56) - Competition of a modular stack (1:35:57) - Which chain will win (1:42:53) - Why Solana posts votes on-chain - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Kevin : https://twitter.com/Zen_Llama Vitalik’s Endgame Blogpost : https://vitalik.ca/general/2021/12/06/endgame.html

The Crypto and AI Renaissance Jun 29, 2023

Sal and Dave are joined by Josh Rosenthal, a former historian and AI founder turned crypto investor. Josh presents an illuminating history lesson, detailing the catalysts and chaos as the Middle Ages transitioned into the Renaissance period - and highlighting the many parallels that crypto and AI are facing today with their own push for decentralisation and freedom of choice. Josh also delves into crypto’s ability to turn cost centres into revenue generators, and explores how that can help to unlock moats and disproportionately reward those within the long tail of society’s distribution curve. Check out the full episode for Josh’s uniquely historical perspective on the future of crypto and AI. (1:12) - Josh’s path to crypto (7:33) - Transition from Middle Ages to the Renaissance (14:57) - Crypto as the next Renaissance (17:28) - Pendulum shifts around centralisation (24:24) - The American ‘Renaissance’ (33:25) - The urge to ban what’s new (38:35) - Crypto turning the world into entrepreneurs (41:21) - Crypto as a Business Model (46:04) - Why have decentralised start ups struggled to take off (58:13) - Crypto as an economic substrate for AI (1:00:40) - Turning cost centres into revenue generators (1:04:49) - Synthetic vs physical realms (1:10:49) - Finding your tribe (1:15:39) - Identity in a Web 3 world (1:20:23) - Volatility as a feature (1:23:08) - Using history to contextualise the moment - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Josh: https://twitter.com/JoshuaRosenthal Sixth Event: https://Go6ixthEvent.com Narwhal Ventures: https://GoNarwhalVentures.com

How to Value $SOL Jun 22, 2023

Sal and Dave are joined by Lamar, a TradFi early stage investor. Throughout this round table discussion, the trio dig deep into Layer 1 blockchain economics to better understand what they should be worth long-term. Key topics include 1.) how value accrues to these L1 tokens 2.) when is the right time to monetize 3.) how to appease both holders’ and users’ best interests and 4.) whether Metcalfe’s Law still applies to a modular blockchain stack. One common source of Solana FUD centers on how its economic design compares to other more established chains. Is there a world where SOL is in fact more likely to become money in the future? Check out the full episode to find out for yourself. (0:14) - How to think about L1 assets (5:53) - How and when to monetize Solana (20:43) - The importance of LSDs for DeFi (30:45) - How crypto gets users to interact with on-chain applications (33:54) - The difficulties with valuing Layer 1 tokens (42:04) - Money-ness properties of Solana (46:33) - Key metrics for appraising different L1s (53:07) - How Metcalfe’s Law will work in crypto (59:10) - The inevitable commoditization of blockspace - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources Follow Lamar: twitter.com/DaliaLlamar Valuing L1s: twitter.com/solbeachbum/status/1659977808880230406 Bottoms Up Sol Valuation: twitter.com/solbeachbum/status/1660604668332896258 Top Down Sol Valuation: twitter.com/solbeachbum/status/1668600382547718146

Light Protocol: Where Zk Meets Solana Jun 15, 2023

Swen (@Swen_sjn) is the CEO and Co-Founder of Light Protocol, an open-source zkLayer enabling private program execution on Solana. Throughout this interview, Dave and Sal leverage Swen’s expertise to better understand 1.) the importance of privacy on blockchains and 2.) the future of privacy on Solana specifically. In a world with an ever-expanding universe of zk execution environments, Swen is convinced that Solana is uniquely positioned to combine its incredible UX with the privacy guarantees enabled by Light Protocol. (0:14) - Sal and Dave Opening Chat (6:19) - A primer on ZK Tech (13:43) - Light Protocol’s architecture (20:04) - Building out a private NFT marketplace (23:30) - Thinking around smart contract risks (27:18) - What other new use cases does this make possible (31:27) - Why this can be built on Solana’s L1, rather than an L2 (41:38) - Thinking about privacy and regulations (44:26) - ZK landscape over next 5 years - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources https://twitter.com/Swen_sjn https://twitter.com/LightProtocol https://lightprotocol.com

Paul’s Vision for Decentralizing Rideshare with Teleport Jun 08, 2023

Paul Bohm, Founder and CEO of Teleport, wants to decentralize Uber with crypto...and he just might be the first to actually do it. His ambitious vision for a rideshare protocol powered by Solana is only months away from launch. Throughout Sal and Dave’s discussion with Paul they learn why he chose to focus on the rideshare market, the benefits of building this as a protocol for others to use, and how Solana is uniquely capable to power this technology. While Teleport is initially focused on rideshare, the goal of this initiative is to demonstrate the power crypto has to break existing network effect moats held by rent-seeking incumbents with new incentive mechanisms powered by open-source technology and blockchains. Could Teleport capture 50% of the rideshare market in under 10 years? Check out the full episode to find out for yourself. (0:39) - Sal and Dave Opening Chat (6:26) - Building web 3 bridges, not web 2 moats (15:36) - Why ride sharing market is ripe for disruption (20:48) - How to fight against centralization risks (25:29) - Go-To-Market strategy (33:03) - Governance token use cases (38:53) - Why US regulators love this business model (45:22) - Trojan-horsing 100m new people into crypto (52:38) - Why Teleport is building on Solana (1:01:18) - Parallels and differences to the ICO business models from 2017 (1:08:41) - Team structure to pull this off (1:09:51) - When launch? (1:11:44) - How will the space develop in next 5-10 years - - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources https://twitter.com/paulbohm https://twitter.com/teleportxyz https://dec.dev https://trip.dev https://teleport.xyz

Can Helium’s Wireless Revolution Put 100M Devices On-Chain? Jun 01, 2023

Sal and Dave initially chat about one of the most exciting and important adoption vectors for crypto, Decentralized Physical Infrastructure Networks (DePIN). They subsequently sit down with Noah, Head of Protocol at Helium Foundation. Helium is one of the original DePIN projects and sits at the forefront of this movement in its quest to start a Wireless Revolution with token-incentivized, people-powered, wireless networks. They discuss a variety of topics including Helium’s initial vision, DAO/sub DAO structure, and why they moved over to Solana. Check out the full episode for the inside scoop. (0:14) - Sal & Dave Opening Chat (12:21) - Noah’s move from Strata to Helium (21:10) - How to incentivize demand (24:02) - Cost saving properties of Helium’s business model (28:37) - The potential of IOT networks (30:20) - Incentivization through tokenomics (35:41) - Helium’s move to Solana (52:11) - Rust Vs other programming languages (57:11) - Future of Helium - - Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources: https://twitter.com/redacted_noah https://twitter.com/helium https://helium.com

The Future of NFTs with Zedd of Magic Eden May 26, 2023

Join hosts Sal and Dave as they engage in a captivating conversation about NFTs with the one and only Zedd Yin, Co-Founder and COO of Magic Eden. In this power-packed interview, they delve into a range of intriguing topics, including the origin story of Magic Eden, the intricacies of their multi-chain strategy, their view on the rise of Tensor, and their compelling vision for the future of NFTs as a whole. Furthermore, they explore the buzzing excitement within the Bitcoin Ordinals ecosystem, contemplating the potential role of Solana as a future Layer 2 solution for the Bitcoin network. With Zedd Yin at the helm of one of the leading NFT marketplaces in the crypto space, this interview offers invaluable insights into the fast-evolving NFT landscape. (0:14) - Sal and Dave Opening Thoughts (10:03) - The Story of Magic Eden (26:15) - Multichain vs Single Chain Dapps (34:18) - The Decision to add Polygon (39:36) - Marketplaces go $BLUR + The Rise of Tensor (47:44) - The Future of NFTs (51:44) - The Future of Web3 Gaming (58:24) - Solana’s Emergence as a Bitcoin Layer 2 - - Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 - - Episode Resources: Magic Eden https://twitter.com/MagicEden https://magiceden.io/

The Key to the Next Billion May 19, 2023

Sal and Dave tackle the hot-button issue of the Ledger recovery feature, providing their insight into the controversy. They shift gears and sit down with Steven Laver, lead software engineer at Solana Labs, for an enlightening chat into the future of crypto mobile experiences. Specifically, they delve into the world of the Saga smartphone and Solana Mobile Stack, highlighting the utility of the secure element and Solana dapp store. From exploring its potential to support other chains like ETH at the hardware level, to discussing why the phone is much more than a marketing gimmick, Steven underscores the significance of mobile experiences in driving global adoption of digital assets. (0:14) - Sal & Dave Opening Thoughts (13:56) - Why the Saga is more than a gimmick (18:42) - Solana Dapp Store, Crypto’s App Store moment? (34:50) - How Seed Vault Secures Your Keys (44:50) - Wallet Adaptor & Support for ETH (55:05) - What Does Success Look Like?

The State of Solana DeFi May 11, 2023

Join Sal and Dave as they explore the world of decentralized finance and memecoins with DeFi expert and Cypher.trade founder, Barrett. In this episode, they discuss the philosophical importance of memecoins during Pepe mania, and dive into topics such as Solana's DeFi TVL, the differences between monolithic and app chains for DeFi, and how Cypher enables capital efficiency with its suite of DeFi products. The conversation also touches on the importance of non-DeFi projects for user adoption, and compares the tradeoffs between AMMs, CLAMMS, and CLOBS. Spoiler alert: Solana DeFi airdrop season might be coming as soon as summer 2023. Check out the episode to learn more 👀

Solana Is Dead May 04, 2023

In our first-ever episode, we debunk the false narrative that Solana is dead and showcase its immense potential as one of the most scalable blockchains on the planet. We also discuss why one should even care about crypto in a future dominated by AI and other emerging technologies. Our guest for this episode is Mert, the founder and CEO of Helius.xyz, who provides us with an in-depth breakdown of Solana's architecture. We compare it to other approaches, including both Ethereum and non-EVM challengers like SUI, to understand how Solana's unique design contributes to its scalability. We also cover the Solana crypto ecosystem in broad strokes, discussing some of the most promising projects including Driphaus, Dialect, and Metaplex. These projects sit at the cutting-edge of what's possible with NFTs and are defining the playbook for what NFTs will look like over the next 10 years. While this episode may not be for the faint of heart, it's an excellent way to dive head-first into the various applications people are building in crypto today. Join us as we uncover the hidden gems in the world of Solana and discuss the key role crypto will play in shaping our future.

Introducing Unlayered Apr 19, 2023

Unlayered is an alternative crypto podcast where we explore the cutting-edge of the non-mainstream, non-EVM crypto ecosystem. Join us weekly as we uncover hidden gems, breakthrough projects, and game-changing innovations transforming the digital asset landscape. Our show cuts through the theory and the hype, focusing instead on real usage and innovations poised to bring crypto to the next billion users. Dive into the depths of the future of crypto with Unlayered, your ultimate guide to the unconventional side of digital assets. Embark on a journey with us as we delve into the technology powering NFTs, DeFi, Web3, and beyond, uncovering the potential that lies at the heart of the crypto revolution.

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