@0xPolygon will be our on-chain partner to bring this vision to life (i.e. we're building on them)
3/ Over the last few years Ethereum has emerged as the TCP/IP for money for the internet. But it's got big challenges (Gas Fees, TPS & more)
@0xPolygon, an L2 chain sitting on Ethereum solves all of this with their scalability architecture
4/ Working with a vibrant ecosystem is important and with @0xPolygon we're plugging into the vast Ethereum dev community 👨💻
Polygon also fully supports the Ethereum Virtual Machine (EVM) so we’ll benefit from Ethereum’s network and its robust security too 🔐
5/ Over the last 12 months, the TVL in @0xPolygon has grown tremendously to $12B+.
The chain has over 350K Daily Active Wallets providing a strong launchpad to bring @RushGamingU on-chain 🚀
6/ The @0xPolygon team is also shipping mega fast (Plonky2, Polygon Zero, Polygon Miden, Polygon Nightfall, Polygon Hermez).
We like the challenge of keeping up 🛠
7/ The @RushGamingU community is battling it out in over 100 million gameplays a quarter so we're going to bring meaningful scale on-chain in 2022 👀
8/ Gaming has always been an incredible source of entertainment, a way to bring joy to people’s lives.
With the blockchain, going forward it will also be a means to provide brand new economic opportunities to the world 💸
9/ We believe Gaming (& GameFi) will be an important onramp for next 1B users to come onto the blockchain 🪙
The UX will be key and we're excited to have @0xPolygon as a partner and to BUIDL with them to contribute to the fast evolving and thriving Web3 ecosystem 💪
1/ A Weekend Thread on Currency, Debt Cycles, the World Monetary System, Gold, Silver, Central Banks & more.
In these times, a thread that is more relevant than ever.
Read on (39 tweets)
2/ With so much Debt & Currency printing going on world wide, it's becoming hard to imagine that we won't have a complete reset of the 'Worlds Monetary System'
3/ Today we're at peak debt globally, far higher than the levels of 2008. The world now has >$250 Trillion of debt supporting a global economy of ~$90 Trillion / year
To put this in perspective, defaulting on 1.2% of that debt is $3T - that's the size of India's entire economy
1/ One of the wisest decisions we made in recent years was to cut payments from our overall strategy. Here's a tweet storm talking through some of the thinking behind this (and more).
2/ We launched payments in mid-2017 to a lot of excitement. It was our way to start building a business model on Hike the SuperApp.
3/ We had sizeable scale at our peak (10m+ DAU) and given that distribution, within a month after launch we were doing 3 million transactions / day (mostly recharge, some % of bus bookings etc).
1/ Some thoughts on the future of social. I just posted a new blog post: "The Rise of Social Niches" - bit.ly/2lCALs3
Summary in the tweets below.
2/ In a world that's evolving so quickly it's strange that social products still feel the same (we're still using products invented in the 2G era). It feels like the right time for the next generation of social products to be created.
Here are 6 principles driving our thinking.
3a/ Advancements in Technology:
- Rise of 4G adoption
- Good smartphones across all prices
- Big strides in AI: Machine Learning, NLP, Vision & more
- Seamless payments & more trust
- The rise of crypto and blockchain
This has opened the door for tremendous innovation