Fundamental Web3 protocols like Ocean, Helium, Livepeer, and The Graph are creating valuable infrastructure and marketplaces for services and data.

.@Kdrizzle22 examines @OrchidProtocol and its decentralized VPN marketplace in his recent research piece.…
Orchid's key piece of infrastructure is nanopayments – probabilistic payments where instead of sending $1, a consumer would send a payment with a provably fair 1% chance of paying $100.

Orchid's infrastructure can be used to create other marketplaces that require nanopayments.
Orchid faces competition from existing VPN providers, but can potentially compete on a few axes:

1) Price - most important for consumers

2) Security - enhanced encrypt, no single server or point of failure

3) Privacy - many VPNs are free but collect your data and sell it
Web3 protocols are slowly unbundling valuable internet services into infrastructure and marketplaces underpinned by cryptonetworks.…

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More from @masonnystrom

2 Jun
The most valuable assets are intangible. However, this hasn’t always been true.

Before the 1990’s the most valuable assets – as categorized as components of the S&P 500 – were tangible assets(i.e. Land, equipment, etc).

Crypto will increase the value of intangible assets. Image
This trend might not surprise you, as it might intuitively make sense in the context of everyday life.

Disney+ is valuable because of Marvel and The Mandalorian. People drink Coca-Cola instead of the clearly tastier Pepsi. Users buy Fortnite skins which hold zero in-game value.
Intangible assets, in particular, intellectual property are often described as illiquid and inefficient for a variety of reasons including market opaqueness, inconsistent valuations, and lack of standardization.

Digitizing & programming IP assets can help alleviate these issues.
Read 4 tweets
13 May
The bull market has caused DAO treasuries to balloon over the past year, with the top ten treasuries now possessing balance sheets worth hundreds of millions, or in some cases, billions of dollars.

However, DAOs in their current form are set up for financial failure.

Nearly all of the top treasuries have the entirety of their assets in their native token and don't hold a notable % allocation of stablecoins or less volatile assets like Ether or Bitcoin.

Effectively, most protocol treasuries are subject to the turbulence of the market.
Proper risk management ensures protocols have sufficient capital to cover immediate expenses and weather uncertain tides.

Read the Messari Enterprise Report for an analysis on how DAOs can restructure to avoid significant loss if the market corrects.…
Read 7 tweets
27 Apr
Messari Screeners track over 35 of the largest crypto-focused venture and hedge funds including Coinbase Ventures, Pantera, Polychain, a16z, and more.

Of these funds, we’ve analyzed their public holdings and found the most commonly held assets across all the portfolios.

Investing like a crypto fund – venture or hedge – has never been easier. An average investor can quite literally copy-trade these portfolios and mirror any of their favorite funds.

Pro users get access to the full Screener Spreadsheet in the analysis:…
There is also a Messari screener displaying these assets (ordered by market capitalization).…
Read 10 tweets
26 Apr
Best way to get experience in crypto:

1) Buy Bitcoin

2) Join Messari as an intern (we're looking for both Cryptoasset Intelligence and Marketing Interns)

3) Join the Messari Research Hub as an analyst
Sneak-peek of what day to day life is like as an intern in crypto:
Read 5 tweets
5 Apr
Social tokens are an intriguing category of cryptoassets.

Using social tokens, creators and entrepreneurs can unlock new monetization opportunities leading to a tremendous amount of value being created by this emerging asset class. Image
Generally, social tokens can be broadly categorized:
Personal - issued and controlled by a primary individual

Community - issued and controlled by a group, often managed by a DAO

Social Platform - tokens that govern a platform that facilitates social token issuance and exchange Image
Several social tokens which have slowly developed into communities possess circulating market capitalizations of several million dollars. Image
Read 6 tweets
9 Mar
Seeing a lot of misguided takes about NFTs so @YoungCryptoPM and I wrote an explainer for new entrants.

Undoubtedly there is hype and many assets are overpriced, but there is also value.

So, what are NFTs, why are they valuable, and what are the common misconceptions.

This is a Twitter thread of an ELI5, there is nuanced to everything – read the full piece for a more robust explanation.…
NFTs – non-fungible tokens – are simply a file format for blockchains.(h/t @jessewldn)

People use file formats – like jpeg gifs, etc – to transfer information or value on the internet every day.

NFTs are a file format that transfers data and value on blockchains(e.g.Ethereum).
Read 13 tweets

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