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Emin Gün Sirer🔺 Profile picture
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Feb 16 • 8 tweets • 3 min read
You finally cave and get your child a ticket to see their favorite musician for their birthday, say Taylor Swift. You get to the concert venue after your kid has been talking about this day nonstop. You scan your tickets. The ticket scanner says “Sorry, this isn’t a valid ticket”
1) What
H
A
P
P
E
N
E
D
?
You bought fraudulent tickets from a verified third party ticket sales website? It can’t happen! Yet about 12% of people buying tickets online in 2022 got scammed.
We have seen a massive increase in scammers over the last couple of years. They are getting smart and always seem to be one step ahead. They take advantage of people on any opportunity that they get.
Blockchain solves a lot of problems that the ticket industry is facing. It can help verify the authenticity of tickets, help artists/sports teams receive royalties from secondary sellers, and even give fans POAP NFTs
We are already seeing advancement in this space within blockchain. @nft_tix and @YellowHeartNFT have held events with major artists and utilized the blockchain for the ticketing at that event.
@nft_tix @YellowHeartNFT Bots are becoming a real problem driving up secondary sales on ticket prices. Artists are losing out on secondary revenue and families aren’t able to afford ticket prices.

buff.ly/3Xvb0WU
@nft_tix @YellowHeartNFT Ticketing on the blockchain isn’t perfect, it’s still young. Like many other use cases utilizing the blockchain it can be an industry disrupter #ThisisWhyWeCrypto

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More from @el33th4xor

Emin Gün Sirer🔺 Profile picture
Feb 2
The Dexalot launch is a blueprint for Avalanche builders: find product market fit on the C-Chain, then scale with Subnets to provide industry-disrupting value to users.

Here's a few reasons why @dexalotcom’s protocol is a major milestone for DeFi /🧵

Dexalot is DEX based on an on-chain order book. This helps with accurate price discovery, while minimizing slippage.

While order matching is more akin to centralized exchanges, Dexalot is fully decentralized and non-custodial, and we all know how important custody has become.
Despite numerous scandals and exploits, centralized exchanges continue to be the default choice for most crypto users.

It’s a familiar way for many to enter crypto, but you don’t have custody of your assets.

So why risk it?
Read 9 tweets
Emin Gün Sirer🔺 Profile picture
Feb 1
Gaming involves a lot of passion and hard work – Build up bases, secure in-game assets, acquire weapons, and much more. But, what happens when game publishers drop the newest release? You lose all those assets.
All of that time and work goes down the drain. These assets are yours and you earned them.

Utilizing the composability of smart contract platforms like Avalanche, gamers have much more control of their assets, swapping, buying, selling, all within the game environments.
Games like @AxieInfinity and @DeFiKingdoms were part of a successful first wave of games on-chain, but the next wave of high quality titles will show the power of the underlying tech.
Read 6 tweets
Emin Gün Sirer🔺 Profile picture
Jan 31
Avalanche is becoming the preferred platform for fully compliant blockchain-enabled systems for financial services.

Here’s a few reasons why IntainMARKETS, the first institutional Subnet, is a major milestone for bringing financial assets on chain. /🧵
$2T of new mortgage-backed and asset-backed securities were created in 2022, but tradfi systems are highly inefficient.

The administration of these assets is handled by disparate parties and multiple intermediaries, resulting in siloed info, high costs, and illiquidity.
.@intainft #ChoseAvalanche for digitizing asset-backed securities because subnets provide the platform they need to create a network with the right regulatory compliance requirements, while achieving low latency and high reliability.
Read 7 tweets
Emin Gün Sirer🔺 Profile picture
Jan 17
Let’s talk about traditional banks, and the predatory fees that come with not being in control of your own assets.
Banks celebrate expanding overdraft protection to $50 before the consumer gets hit with massive fees. Bank fees accounted for $8B in revenue in 2021. One bank executive even went on to name his boat "Overdraft"

washingtonpost.com/news/get-there…
Consumers are having to decide what bills to pay, hope that they clear and the bank doesn't "bounce the check" before their deposits hit. Big banks should not profit off the shortcomings of consumers.
Read 4 tweets
Emin Gün Sirer🔺 Profile picture
Jan 11
This is a big deal. It's not your grandfather's "AWS partnership announcement." Let me explain in plain English.
In the past, other chains have paid AWS to host some nodes, and has pitched this as "AWS partners with SomeChain." In reality, SomeChain was paying AWS -- they were a client of AWS. There was no meaningful partnership.
This announcement is the exact opposite. AWS recognizes how blockchains are evolving, with subnets serving as appchains, and wants to be one of the hosting providers for the many subnets that people are about to launch.
Read 5 tweets
Emin Gün Sirer🔺 Profile picture
Jan 11
Imagine one day you wake up, and due to some situation out of your control, a new government has taken control of the banks and frozen all your assets.

What would you do?
In 2013, if you had a checking or savings account at Cyprus Bank, then this exact situation happened to you.

theatlantic.com/business/archi…
Germany was bailing out Cyprus Bank to the tune of $13B, with some conditions. One of the conditions was that Cyprus would pay a “one-time” levy tax on bank deposits to raise an additional $7.5B.
Read 5 tweets

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