J.D. Salbego

This is by far the best crypto presentation I’ve seen in a while- In Murad Mahmudov's refreshingly candid talk at TOKEN2049 last month, he slams major #crypto projects, #VCs and #influencers implying that they are a collective scam operation that push narratives on projects that in fact have no real #economic value, list altcoins on exchanges when they are massively overvalued and then dump them on unsuspecting retail investors. Instead he makes the point that the token IS the product, not the software- and hence #memecoins are far better investments than VC-funded crypto projects because they are truly democratic and enable retail investors to get rich Most intriguingly, he makes the case that memecoins will actually replace #religion in the long term- by providing a sense of shared values, community and belonging that religion used to provide, but is now waning especially in the western world Worth a watch. And then tell me what memecoins you are buying :) https://lnkd.in/dThsb7q6

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I keep hearing people talk about Real World Assets as a key element for the future of Web3...yes...but assets as we know them are just speculative assets. Here's what RWA's need to become to really change the world. Beyond dApps to self-referential tokens For true real-world utility, we must move beyond the app and put utility into the token. We need to be Token Centric - if we do all you need is a wallet; the tokens carry all other utility. The token becomes a dApp itself and carries that utility wherever it goes. This also future-proofs the experience, as token holders can access utility on whichever platform they choose—and app developers don’t need to redesign an application for every new operating system that emerges. Offchain utility Token utility has also been looked at through the lens of on-chain only. While blockchains are great for creating some utility, such as ownership and user rights, they are not great databases for all things. They are slow, public, and immutable. These are not great qualities for applications that require latency, the ability to easily upgrade and fix bugs, and for situations where the token issuers do not wish all of their customer’s data to be public. By enabling tokens to go beyond the limitations of the blockchain and embrace off-chain logic, we can start to explore real-world utility that makes sense to the world beyond just being onchain assets, ironically isolated from the “real world” that they represent. Better Information A simple real-world utility that any token can carry is information, by allowing assets to carry streams of information with them it would greatly simplify price discovery. If it's a RWA it should have a feed of data from the underlying asset that is attested to, and allows for the asset to have real time information and greater value. Evolved digital experiences Beyond token gating and proof of ownership, advanced utilities such as communication channels or tokens being applications themselves can unlock a new era of functionality. For example, there should be no need to download a car app; your token could allow you to access critical functions such as unlocking, finding, or starting your car. This removes all consumer friction from the car-buying experience. No app to download, no registration required, and no setting up of information; it is all conveyed with the token. Real-world utility, such as asset management, could allow you to manage your assets directly from the token. Price discovery on rental and sale rates of your car enables the owner to maximize their asset. With a simple click of the button on the token, the owner could rent out the vehicle at those rates, take out a loan, or sell the car. Real-world utility should, of course, also extend into the actual world. It should enable the owner to do more than just prove they own the asset, it should enable them to go further, do more, have a better experience.

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what do you guys think about tokenising real world assets in the blockchain? anyone keen on this idea? looking to find partners / collaborators and people interested in making this happen. #crypto #blockchain #tokenisation #rwa #stablecoin #ethereum #solana #malaysia

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Solayer officially announces the launch of Solayer USD ($SUSDC), a yield-bearing stablecoin backed by Real-World Assets (RWA) in collaboration with OpenEden. Key Features of Solayer USD: -Yield-bearing: $SUSDC holders will earn returns that reflect the yield generated from the underlying RWAs supporting the stablecoin. -Backed by RWAs: $SUSDC's value is pegged to a basket of RWAs, which may include bonds, real estate, or other traditional assets. -Partnership with OpenEden: OpenEden, with its extensive RWA management experience on Ethereum, will support the issuance and management of $SUSDC. -Self-adjusting Mechanism: $SUSDC uses Solana's self-adjusting mechanism but integrates with Token 22 standard and Interest-Bearing Extensions (IB Extensions) to ensure its price remains pegged to $1. Impact on the Solana Ecosystem: -Bringing RWAs to Solana: $SUSDC will be among the first stablecoins backed by RWAs on Solana, helping introduce the benefits of RWAs into the ecosystem. -Stable Staking Option for AVS Tokens: $SUSDC will provide a more stable, less volatile staking option for AVS, Solayer’s application-specific staking token. -Boosting Solana DeFi Growth: The launch of $SUSDC will diversify the stablecoin offerings in Solana's DeFi ecosystem, offering users more options and driving innovation in DeFi protocols. #Solana #Solayer #Breakpoint2024

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We are in a golden era of token design. More from a16z crypto regarding the opportunity ahead of us in #web3 tokens: “The good news is that there is now a pathway for constructive engagement with regulatory agencies and legislation that can bring regulatory clarity. You should now all feel empowered to explore all of the groundbreaking products and services that blockchains enable, including tokens. While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain unchanged. This means that “where there is trust, there is regulation” still applies. So, you should continue to focus on removing centralized aspects or dependencies on trust within your projects, as these are the areas that continue to attract regulatory scrutiny.” https://lnkd.in/eNshXMeP

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What do you do when you find founders who have deep experience in a traditional domain like construction tech and have spent years honing their insights in the domain. Combine that with Co-founders experience being founding engineers of giants like Rippling and spent time on building banking and fintech infrastructure at companies like Niyo. We at Neon love working with such domain experts who come together to startup. Construction tech is a domain that deserves founders like Merlin to disrupt it. As I say it can’t get better that this founding team. Read more about Neon’s portfolio Merlin and our founders Sneha, Siddhartha and Ayantika here: https://lnkd.in/g4m9su-e

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🔥 Another brilliant piece of research journalism by Coinbase ℹ Follow Mocha VC | Digital Asset Mgmt. Company for the latest reports!! 🗞 The total crypto market cap doubled in 2023, which suggests that the asset class has already exited its “winter” and is now in the midst of a transition. Still, we think it'd be premature to put labels on this or see the positive performance as vindication against the cynics who reveled in crypto’s greatly exaggerated demise. What’s clear, however, is that in spite of the hurdles directed towards the asset class, the developments we witnessed over the past year have defied expectations. They are evidence that crypto is here to stay. The challenge now is to seize the moment and build something better. 🗣 Speak to the team and find out more: [email protected] #MOCHAX #MOCHAVENTURES #TOKENISATION #STO #TOKENY Mocha VC | Digital Asset Mgmt. Company IDEAX GROUP IDEAX$UCM https://lnkd.in/gcpR3F8Z

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TOKEN2049 is just around the corner and Singapore will be full of investors hungry for new projects. I’ve made a list of the most active top 75 VC firms in Singapore that are actively investing in Blockchain and Crypto startups. This guide is perfect for newcomers looking to raise capital and build connections. Interested? Drop a comment below and I'll send it to your DMs! 📨

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🔒 BitGo announced the transfer of its WrappedBitcoin (WBTC) business to a new joint venture to adopt a "multi-jurisdictional, multi-institutional custody" model. This joint venture involves a partnership with Hong Kong-based custodian BitGlobal, along with strategic collaboration with Justin Sun, founder of Tron (TRX). The venture will continue using BitGo's multisig technology and deep cold storage, with keys distributed globally. Concerns about centralization have arisen due to Justin Sun's involvement, leading the MakerDAO (MKR) community to discuss potential restrictions on new loans based on WBTC collateral. BitGo CEO Mike Belshe addressed these concerns, emphasizing BitGlobal's security obligations and stating that WBTC reserves cannot be arbitrarily lent out without legal consequences. Justin Sun also clarified that he is only strategically involved and does not have access to the private keys managing WBTC reserves, assuring he has no authority to move the BTC reserves related to WBTC. #BitcoinWorld 🔗⚖️

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The Crypto flywheel! ⚙ 🔝 ETH's ETF and the UK's stable coin have broken two more regulatory barriers and are fueling mainstream adoption by retailers and brands. As part of this movement, crypto cashback is becoming a notable feature, enhancing engagement with a broader audience. This momentum encourages regulators to remove additional regulatory barriers, creating a positive flywheel for innovation! 🚀

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