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Syndicate ✺ Profile picture
@syndicateio
Jul 17 • 5 tweets • 2 min read • Read on X
NEW ESSAY: The Economics of L3s

L3s promise 10,000x lower fees, but face major economic hurdles. Our analysis reveals the challenges for L3s to reach profitability, current L3 use cases, and the future pathways to valuable L3 networks. 🧵Image
2/ Our analysis shows that L3s struggle to breakeven unless they achieve L2-like transaction volumes (50M+ per month) or keep fees within 3x of L2s.

Today, L3s are used as "cost centers" and an economic tool to bootstrap network development and app growth.
3/ For example, onchain games (ex: @skyoneers, @PirateNation) can significantly lower operational expenses and improve UX through L3s.

On today's L2s, even a moderately popular onchain game or app could cost $5+ million in gas a year.

4/ But there are breakthrough economic models on the horizon.

Future value will come from priority fees, native gas/staking tokens, and disruptive new models for how L3s are designed/operated that unlock new revenue, markets, structural advantages, and forms of economic agency.
5/ While current L3 economics are challenging, they're evolving rapidly.

The future will bring novel value creation and capture mechanisms for chain operators, developers, and users alike. Read the full essay:

syndicate.io/blog/l3-econom…

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More from @syndicateio

Syndicate ✺ Profile picture
Mar 28
1/ Today, we’re excited to announce the launch of Degen Chain, an L3 for the @degentokenbase community built with @arbitrum Orbit, @base for settlement, and AnyTrust for DA.

The chain’s native gas token is $DEGEN, making it one of the first community tokens with its own L3. Image
2/ Syndicate is thrilled to be the L3 infrastructure partner for Degen Chain—we worked with providers like @conduitxyz for the rollup, @decentxyz for the bridge, @airstack_xyz for data APIs, and more to be shared soon.
3/ In just the last month, Syndicate has helped pioneer the world of EVM L3s.

With Syndicate’s Frame L3 for @farcaster_xyz Frame developers, @GoldChainDev for games like @CropXyz, and now Degen Chain, we’re scratching the surface of what’s possible with L3s.
Read 6 tweets
Syndicate ✺ Profile picture
Oct 12, 2023
1/ We're excited to share that over the last year Syndicate has been building infrastructure to unlock the next wave of web3 products with leading startups and Fortune 100 companies.

Anyone can develop on our infrastructure starting today. Image
2/ Syndicate's new Transaction Cloud, APIs, and modular smart contracts radically improve the experience for developers (DX) and their end users (UX), making web3-powered products easier to build, grow, and use at mainstream scale.

Go to to get started. syndicate.io
Image
3/ In the coming years, web3 will go mainstream and redefine people's interactions with products, platforms, applications, brands, and each other.
Read 14 tweets
Syndicate ✺ Profile picture
Jan 31, 2023
1/ New Feature: Collective Allowlists ✅

You can now easily gate your Collective via allowlists. Curating your on-chain investing community just became easier than ever.
2/ To access the allowlist feature for your Collective, simply add '/merkle' to your Collective URL.

For example:
app.syndicate.io/collectives/0x…

You can then effortlessly hand-select who is allowed to mint by providing a list of wallet addresses and ENS domains.
3/ For a full overview of our new allowlist feature, read our Guide here:

guide.syndicate.io/en/support/faq…
Read 5 tweets
Syndicate ✺ Profile picture
Jan 23, 2023
🎙 "Crypto & Web3 in 2023"

💬 @alive_eth, General Partner @a16zcrypto

👥 Co-host: @SyndicatedTalks

🗓 Tue, Jan 24
⏰ 2pm PT // 5pm ET

Twitter Space:
twitter.com/i/spaces/1BdGY…
Set a reminder to join the Twitter Space:

twitter.com/i/spaces/1BdGY…
Some of the topics we'll be covering:

- Ali's journey from AI/ML into crypto

- Building a16z crypto and its research lab

- Crypto market cycles: past and present

- Outlook and theses for 2023

- Emerging trends and opportunities
Read 10 tweets
Syndicate ✺ Profile picture
Oct 14, 2022
1/ We're excited to announce new support resources for Syndicate's Chinese-speaking users focused on our Collectives primitive and ERC-721M.

We've seen incredible growth of Collectives over the last several weeks, reaching non-English speaking communities all around the world. Image
2/ 我们很高兴能再度为 Syndicate 的中文区用户推出新的支持资源，这些资源聚焦于 Collectives 原语和 ERC-721M。

最近几周，我们看到新建 Collectives 的数量有了惊人的增长，并拓展到了世界各地的非英语社区。
3/ First, we've created a detailed Chinese translation of our Collectives Guide: guide.syndicate.io/cn/chan-pin/co…

In it, users can learn how to create and grow on-chain social networks with ERC-721M NFTs that evolve with communities and are composable across web3.
Read 14 tweets
Syndicate ✺ Profile picture
Oct 13, 2022
To revolutionize investing and the social networks that power it, we need our most committed partners by our side.

That's why we’re launching 'Syndicate Genesis - Limited', a closed Collective dedicated only to our closest supporters and contributors.
Check your personal or club’s admin wallet (if you have a prominent investment club on Syndicate) to see if you've been airdropped an NFT from SyndicateNFTs.eth.

We'll be rolling out unique experiences for this community soon, so stay tuned 👀
We're excited to push the boundaries and showcase the capabilities of the ERC-721M primitive in new and innovative ways.

The 'Syndicate Genesis - Limited' Collective community will grow, scale, and evolve over time via ERC-721M's modular architecture.
Read 7 tweets

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