The distribution of systems is a growing trend, not just in crypto, but in the broader tech industry.
Edge computing is dispersing data centers.
Agtech is enabling more localized and urbanized production.
The distribution of GPS – a vital technology – is less discussed. 👇🏻
1/The U.S Department of Homeland Security designates 16 critical infrastructure sectors whose assets, systems, and networks – whether physical or virtual – are considered so vital to the U.S.
2/ GPS is relied on for more than just location data.
All GPS clocks are synchronized to within nanoseconds and are able to provide a unified reliable time.
GPS time is used for crucial processes like bouncing calls between cell towers and time-stamp financial trades.
3/ However, GPS has tradeoffs. The ease of access also makes GPS easily exploited, jammed, or spoofed – the act of using malicious software to broadcast phony signals and fool receivers.
GPS spoofing can affect everything from credit card processors to drones.
4/ The Foam protocol – developed by Foamspace – provides the tools to enable a crowdsourced map and decentralized location services.
Unlike GPS which runs via satellites, Foam combines terrestrial radios and an incentivized mapping service that anyone can participate in.
5/ Foam’s proof of location service is incredibly audacious since it requires both a hardware component and the emergence of greater blockchain scalability. While Foam is still experimenting with its hardware devices, the protocol has made some exciting progress in recent months.
6/ Check out the full analysis for the latest on Foam, a breakdown of Foam’s Proof of Location services, and more on how Foam aims to become an alternative to GPS. messari.io/article/how-fo…
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Crypto-native indices transform the design space for indices from a 1-dimensional space consisting of just asset exposure, to a multi-dimensional space consisting of meta-governance and fund management strategies.
This design sets the stage for the evolution of index protocols.
In traditional finance constructing an index is a one-dimensional design space consisting of just asset exposure (i.e what assets are in the index).
Additionally, Index managers like Vanguard historically abstain from voting.
The three axes are as follows:
1. Asset returns – price appreciation from assets
2. Fund management strategies – active yield generated by allocating index assets to other protocols
3. Metagovernance – voting in protocols with assets in indices
Cryptonetworks inherently enable more efficient markets.
While much of crypto is focused on finance, there are startups tackling larger issues such as climate change.
Nori is using crypto primitives to create a more efficient carbon market for CO2 removal.
A thread 🧵
Tackling the problems associated with climate change will be one of – if not the largest – issue that the current generation faces over the coming decades.
The secondary effects of climate change are staggering. Mass migration. Decreased biodiversity. The list goes on.
Carbon emissions mitigation will not be sufficient. The focus must shift toward carbon sequestration – removing CO2 from the atmosphere.
Nori is developing a carbon removal marketplace that facilitates the trading of carbon offsets. messari.io/article/nori-a…
A Short Story on Art and the Parallels to Crypto NFT and Digital Art Investing 👇🏻 messari.io/article/the-ps…
I’ve recently been reading Morgan Housel’s new book “The Psychology of Money” which outlines various lessons on finance through captivating stories. One story is that of Heinz Berggreun, a German immigrant who arrived in the U.S after fleeing Nazi Germany.
Eventually, Berggreun became an Art Director at the San Francisco Museum of Modern art and an art dealer whose collection included Picasso, Braque, Klee, Giacometti, Matisse, and others. Towards the end of his life, his collection was valued at over a billion dollars.
I’d like to expand on their mental models with a broad framework for how to categorize NFTs. messari.io/article/the-ar…
1️⃣ Individual NFTs and Collections
Ex: Axies, ENS domains, Trading Cards, Decentraland LAND, digital art
While individual NFTs may accrue notable value based on their utility or scarcity, this may not be the most effective strategy to capitalize on the growth of the NFT sector.