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Johnny Chin 🍊
@artful.eth
Why would a crypto project want their own appchain? 3 main reasons: 1) Generate an additional revenue stream 2) Scalability 3) Customization of UX 4) Build utility / an ecosystem
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Johnny Chin 🍊
@artful.eth
An appchain is a specialized blockchain designed to handle a specific task or application more efficiently than a general-purpose chain. Here’s a breakdown of why a project would want their own appchain:
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Johnny Chin 🍊
@artful.eth
1) $$$$ - You could set a significant % of the transaction fees to go directly to your project. For ex, Zora’s L2 revenue was 169.2 eth in March.
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Johnny Chin 🍊
@artful.eth
2) Scalability - By dedicating resources to a single application, appchains can achieve higher tx throughput and lower costs compared to sharing block space on a general chain.
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Johnny Chin 🍊
@artful.eth
3) Customization of UX - Your chain, your rules. You can customize nearly everything - the gas token, the block time, you can even selectively enable EIPs!
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Johnny Chin 🍊
@artful.eth
4) The meta game matters in crypto. Getting degens to use your token and having other devs building on top of your tech are great ways to reinforce value to your project. If you’re interested in going deeper on the topic, go to https://chaindrop.com
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Paul
@paulmassey
awesome thread thanks @artful.eth. Not ready for this yet, but definitely a lot of food for thought here!
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