Jesse Walden Profile picture
May 9 2 tweets 1 min read Read on X
all media onchain: crypto as port of entryImage

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More from @jessewldn

Jan 21
Headless Marketplace: a market leveraging global (onchain) identity, money, and data while distributing locally, wherever a users wallet already is (e.g. inside a Telegram group chat or Farcaster feed)
Most marketplaces are destinations: users have to travel to a website or open an app, signup for an account, put in a credit card.

With headless marketplaces, the destination is wherever the users attention already is—and increasingly, thats where their $ will be too...
Thats because apps where users spend time are increasingly integrating crypto wallets (e.g. Telegram, Reddit, Warpcast)

That means users identity, money, data, will travel with them, and the friction to transacting will become much, much lower as a result.
Read 8 tweets
Nov 4, 2022
Will Web3 end up like traditional open source, where (application) protocols end up as open source commodities, and products capture all the value on top?

🧵
Last year I argued protocols that capture fees should buck against that future, and offered a strategy on how to do it:
Here’s an orthogonal thought that updates some of the thinking:
Read 16 tweets
Aug 24, 2022
New post: Tokens are Products
variant.fund/articles/token…

👇 + 🧵
Products and tokens both require:

- Engineering: How does it operate?
- Design: How does the user navigate and experience it?
- Go-to-market: How should it be distributed?
Executing on these questions should be grounded in an understanding of user needs.

If great products optimize for excellent user experience (UX) in addressing these needs, great tokens should optimize for a great ownership experience (OX).
Read 8 tweets
Aug 4, 2022
We've been longtime supporters of @Uniswap and its ecosystem growth @variantfund.

~2 yrs ago, we co-authored the first succesful gov proposal that led to the creation of @uniswapgrants.

Why I'm supportive of this proposal for a Uniswap Foundation as the next logical step👇
@uniswapgrants has successfully deployed $7M+ to >120 projects, helping add 4K new LPs, fund meaningful research, etc: mirror.xyz/kennethng.eth/…

But as noted in the original proposal, it was always meant as an MVP for something bigger.

If approved, that something could be UF.
The UF would serve a number of functions, including expanding the grants program, and providing deeper, hands on support for a decentralized ecosystem of developers, researchers, and governance participants

See the proposal for more deets: gov.uniswap.org/t/temperature-…
Read 6 tweets
Aug 2, 2022
Achieving sufficient decentralization is a goal of many projects in web3, but how to do so has remained mercurial.

Excited to share a playbook for founders and lawyers, written by @boironattorney, advisor to @variantfund and Chief Legal officer at dYdX

variant.fund/articles/suffi…
First, some backstory. “Sufficient decentralization” was coined by the SEC’s Williams Hinman. In 2018, he argued the Ethereum network had become sufficiently decentralized because no single, identifiable, coordinated group drove the protocol or value of ETH.
While much has been written on the “sufficient decentralization” of protocols themselves, Marc’s piece covers everything else around the protocols: development, BD, marketing, IP, governance, etc. Sufficient decentralization of off-chain activities. Image
Read 13 tweets
Jul 28, 2022
Announcing Variant Fund III🚀

We’ve raised $450M in total across 2 new funds:

At $150M, our third seed fund is sized for the dedicated focus of backing founders at the earliest stages + our $300M opportunity fund supports projects as they grow.

variant.fund/articles/intro…
I'm proud of this milestone for @variantfund which marks the time from our launch two years ago.

From inception, we've been driven by a simple thesis: that the networks of the future would grow bigger, faster by making users owners.
User-owners are developers, entrepreneurs, creators, consumers—anyone who contributes to the protocols and products they use

And every day, we are seeing this thesis come to life as more of them become owners via web3.

Read 15 tweets

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