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Tushar | Persistence 🦾 Profile picture
@Tushar307
Sep 22, 2020 • 5 tweets • 2 min read • Read on X
#CT has been all about NFTs past few days

Most folks focus on art/gaming/collectibles wrt to NFTs - IMO this HUGELY underestimating the impact of NFTs

NFTs in the context of 'Real-World Assets' (RWAs) address a TAM that is orders of magnitude larger

A tweetstorm 👇
What are RWAs? Mostly business documents representing ownership or claims to assets E.g. business invoices, land titles, bills of lading

Business invoices are especially interesting

Why? Because 80% of world trade takes place on credit terms - a $19.6 Trillion market..with a T!
Once a business invoice has been tokenised and brought on-chain using an NFT:

✅It can be traded against Stablecoins
✅It can be used as collateral to borrow/lend against....

...facilitating borrowing/lending against RWAs as opposed to against cryptoassets only!
This opens up a fundamentally new paradigm for what crypto enables...

Matching of lenders (looking for yield) to businesses (looking to borrow) in an environment where:

📈Stablecoin market cap is skyrocketing
📉Interest rates are at an all-time low
We've (@PersistenceOne) been working at the confluence of DeFi+NFTs to solve this problem since early 2019

We also lead the Interchain NFT Standards Working Group - NFTs reimagined for an Interoperable world (more on that in a separate thread)

medium.com/persistence-bl…

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More from @Tushar307

Tushar | Persistence 🦾 Profile picture
Feb 15, 2022
1/ As a founder in crypto, you are building an early stage tech company VERY publicly

You are required to:

Manage your actual product
Manage the token as a product

A thread on the latter from my experience of managing $XPRT!
2/ Despite the numerous challenges, a token creates unique opportunities for any founder

It is ammo for hiring, marketing, brand building, community building, BD, customer acquisition/retention
3/ However, one has to get BOTH products (actual product AND token) right at the same time

Adoption for the actual product doesn’t necessarily translate into value accrual for the token. And vice versa.

BOTH products require constant ‘Product Management’!
Read 12 tweets
Tushar | Persistence 🦾 Profile picture
Dec 13, 2021
1/ The @pStakeFinance team has been hard at work for over a year to deliver the best staking user experience for PoS asset holders while unlocking the liquidity of staked assets.

Below is a 🧵on what the team has built so far and what's in the pipeline
2/ A short summary of key milestones and timelines thus far:

- Q4 2020: Ideation and Mechanism Design

- Q1 2021: MVP and pBridge development

- Q2 2021: Alpha Release, bug bounty, and v1 launch with max deposit caps

- Q3 2021: Phase 1 of Security Audits and Uncapped Launch
3/ The ideation of @pStakeFinance commenced in Q4 2020 after realizing the huge demand from users to generate additional yields from already staked assets during the StakeDrop campaigns run by @PersistenceOne for the initial distribution of $XPRT to existing PoS asset holders
Read 17 tweets
Tushar | Persistence 🦾 Profile picture
Nov 16, 2021
Super pumped to announce the fundraise of @PersistenceOne ecosystem project @pStakeFinance, a liquid staking platform focused on multiple PoS assets starting with $ATOM, $XPRT & expanding to other assets such as $ETH, $SOL, $LUNA etc over time

A thread👇

Image
I was not early enough to be a BTC/ETH miner but was early enough in the industry to bet on 'PoS Mining' or validation through @AuditOne_ (rewards from Audit are responsible for initial bootstrapping of all Persistence products during the depths of bear in 2019/20)
Team members from Persistence were involved in the launch of the @cosmoshub and since, have been involved in the launch of multiple PoS networks including Persistence itself, a @tendermintHQ powered Protocol
Read 15 tweets
Tushar | Persistence 🦾 Profile picture
Nov 20, 2019
🚨🚨🚨🚨🚨

1/4 Very excited to launch @cosmosindia_

India has one of the largest & most talented developers globally

We'll be looking to bring them to Cosmos/Tendermint

@adriana_kalpa @catdotfish @cosmos @interchain_io @tendermint_team @jaekwon @zmanian @proofstake @sunnya97
2/4 We'll also help Cosmos/Tendermint projects to get exposure to Indian crypto community and developer pool

@Binance_DEX @KiraEx @AragonProject @emoney_com @Sentinel_co @foamspace @terra_money @regen_network @iov_official @irisnetwork @loomnetwork @kava_labs @Lino_Network
3/4
Not to forget the validators

@B__Harvest @CertusOne @FigmentNetworks @stakewithus @polychainlabs @stakedotfish @DokiAC @SikkaTech @CosmostationVD @forbole @BisonTrails @HashQuark @ChorusOne @staked_us @Multichain_Vent @iqlusioninc @CryptiumLabs
Read 4 tweets
Tushar | Persistence 🦾 Profile picture
Oct 1, 2019
WeWork is a a different case

BUT re the recent bashing of IPOs & founders..my belief is that when you’re trying to change the world - you need that charm, fearlessness, ignorance to attract capital, take the risk & have a small chance that it might work

profgalloway.com/yogababble
Facebook and several other companies have had lacklustre IPOs..it doesn’t matter in the short run.

Power laws haven’t kicked in for MOST technology companies.
Everyone jumps in to mock, criticise … it’s easy for everyone to have an opinion.
Read 4 tweets
Tushar | Persistence 🦾 Profile picture
Sep 26, 2019
Beyond gaming, gambling and #DeFi as a way to drive #adoption, I have been interested in what makes enterprises & govts move to public Blockchains

Had a chat with a real insider that has implemented multiple Blockchain projects with some of the largest enterprises

A thread
1/ Think about the transition from private to public Blockchains in a similar way the transition happened from the Intranet to Internet
2/ Difference is - Folks within enterprises realise use of Permissioned Blockchains was just to learn about the tech. A PoC. Not client implementation

Business case was not strong enough for private chains
Read 7 tweets

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