Azuki may be one of the best case studies for how crypto could go mainstream.

Crypto won't go mainstream through finance alone, but through culture.

Here’s why anime overlaps with crypto and 15 ideas for how @Azuki could bring anime fans on-chain 👇

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Disclosure: We own Azuki NFTs and received Animecoin in the airdrop.

Read the whole post here: electriccapital.substack.com/p/azuki-is-a-c…

Stablecoins are spreading the dollar faster than any financial tech in history.

And Ethereum is becoming the financial backbone.

For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis:

Remaking the Case for ETH 🧵

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Read the entire thesis here:

Co-authored by @sanjaypshah & myself. Data by @kateli_nyc.

Thank you to the feedback from:
@avichal
@puntium
@0xren_cf
@0x9e0ff
@EmilyMMeyers
@ericantonow
@n4motto
@sassal0x
@binji_x
@jessepollak
@jillrgunter
@TimBeiko
& otherselectriccapital.substack.com/p/beyond-stabl…

We are delighted to release the 6th annual @ElectricCapital Developer Report!

We analyzed a record 902M code commits across 1.7M repos thanks to the 829 people who contributed to making this report since inception.

How did 2024 in crypto look in data?

Long thread below 👇🏽 2024 Takeaways:

Crypto is global & dev momentum shifted outside of N. America

Devs & use-cases are diversifying across ecosystems

Usage spans all time zones, suggesting global usage

We @electriccapital analyzed 110k+ developer profiles to understand crypto devs geographically.

Asia is now #1 for crypto devs. The US is losing market share.

Crypto impacts every state in the US -- crypto should be non-partisan.

Here’s what the data shows & why it matters: North America lost its lead in crypto developer share to Asia.

North America’s share of devs dropped sharply—from 44% in 2015 to just 24% in 2024.

Meanwhile, Asia’s share climbed from 13% to 32%.

For the first time, Asia is the #1 continent for crypto talent.

1/ We updated the @ElectricCapital Crypto Market Map!

The Crypto Market Map now tracks 1700+ crypto projects.

233 contributors added new projects & changes for this update.



What are the biggest updates? cryptomarketmap.org
2/ The Crypto Market Map contextualizes the role major projects plays.

Projects are divided into 6 layers from end user-facing projects to infra:
A - Applications
B - Protocols
C - Dev Tools & Services
D - Interop
E - Scaling
F - Core Infra

More here:

https://x.com/MariaShen/status/1811115384059359378

1/ We are excited to introduce the @ElectricCapital Crypto Market Map!

The Crypto Market Map tracks 1,500+ projects in crypto.

It contextualizes every major project in crypto by organizing projects into 6 tech layers & 137 categories.


Let's explore 👇🏽 cryptomarketmap.org
2/ Important caveats:

- this undercounts the total projects in crypto. This map only incorporates major projects. Inclusion criteria is at the end of the thread.

- there are still gaps. The map is in beta & everyone can contribute to the map. Contribution details at the end.

I always save new crypto social experiments that break the mold.

Here are 20 of the most innovative on-chain experiments I've seen in the last 3 years. Some are well-known, some are not, some are no longer active.

First, let's start with elegant human coordination mechanisms: 1 - Coordinate humans to deploy millions of dollars: @nounsdao

Innovative mechanism: 1 Noun is auctioned a day. Proceeds go to a treasury. Nouns holders vote on use of funds. Using simple rules, Nouns grew into one of the most complex ecosystems on the internet w/ $50M at peak

0/ We are delighted to release the 5th annual @ElectricCapital Developer Report

We analyzed a record 485 million code commits across 818k repositories—20x more code than our first report from 2019!

356+ people across the community contributed to making this report.

Long, data-filled thread below! 👇

Read it here:
developerreport.com/developer-repo…


1/ The high level summary:

Overall developers are down 24% but losses stem mostly from Newcomer developers. Long-term committed developers continue to steadily grow.

Crypto developers have clearly shifted to multi-chain development.

Crypto has clearly become a global phenomenon. US continues to lose developer share.

developerreport.com/developer-repo…

The U.S. has lost its lead in blockchain developers & has gone from 40% to 29% market share of open source devs.

We analyzed 200+ million code commits & 11k+ developer profiles to capture geography data.

Full analysis here: developerreport.com/developer-repo…

Let's break it down 👇🏽 Summary:
- 23,343 open source devs create a market worth $1 trillion+

- U.S. lost 2% market share/yr for the last 5 yrs, primarily to emerging mkts such as India, Ukraine, SE Asia

- 1 million new eng jobs may be created by 2030. It may be difficult for US to recapture dev share

1/ Time for the 4th annual @ElectricCapital Developer Report!

This year we are also proud to launch developerreport.com -- showcasing the data behind the report.

We analyzed 250m code commits and 300+ people contributed to this year's report.

Let's dig in👇 2/ TLDR:
* Monthly devs grew 5% y/y while prices are down 70%+
* 23k+ monthly devs
* 471k monthly code commits
* 3.9k monthly devs in DeFi
* 61k NEW devs touched crypto code in 2022
* Several ecosystems outside of @ethereum have 500+ devs and are growing through this bear market

NFTs are more than art or PFPs.

Most NFTs will *not* derive value from how they look visually.

Let's look at 4 categories of NFTs beyond art or PFPs.

a 🧵 Non-visual NFTs fall broadly into 4 categories:

1/ NFTs that redeem $
2/ NFTs that express reputation & social relationships
3/ NFTs that provide access
4/ NFTs as objects

NFTs are the first truly viral assets.

The future is all about borderless, digital communities connected by the NFTs they own.

Why?

1/ A. NFTs signal common interests, identity, & values
B. Large communities can form quickly on the Internet
C. NFT actions are broadcast on-chain. This creates real-time, internet-wide data streams - like an open newsfeed.

Each in more detail 👇🏽

2/

We're in an NFT renaissance! I'm blow away by the new uses for NFTs I see every day.

Here are 5 new frontiers for NFTs & predictions for the future: medium.com/electric-capit…

Monster Thread of 5 new NFT frontiers👇🏽 (1/28) 👩🏻‍💻 1. Proof of Patronage - Creators use NFTs to reward their early supporters w/ exclusive opportunities

Today:
- @jackbutcher's new NFT shares revenue w/ those who supported his prev NFTs
- @3LAU and @AkuDreams drop new NFTs that are exclusive to existing patrons (2/28)

China is starting to test the Digital RMB and educate its citizens. 🇨🇳

This video is circulating WeChat: China's digital currency in action w/ the Agricultural Bank of China

The woman takes out 50RMB from her bank card & converts it into China's new digital RMB While China runs trials of its digital currency, it's also normalizing the currency in media

Here's a video from CCTV 1 (top channel in China) in May, 2020: "What is Central Bank Digital Currency and How Do We Use It?"