Dan Romero
@dwr.eth
On the market 1. This is targeted for people building. I'm not a trader and have no point of view on prices beyond crypto has yet to be uncorrelated with risk assets. Bitcoin may showing some signs but unclear. 2. The fundamental building blocks continue to improve. 7702 is shipping soon and will unlock a bunch of wallet innovation, e.g. subsidized gas fees. There are also several new EVM chains like MegaETH and Monad that will be coming to market. Block space will continue to get cheaper. Analogy here is excess broadband build out post dot-com bubble leading to YouTube, web2, etc. 3. Regulatory progress is happening. Last week the SEC publicly said stablecoins are not securities, the STABLE Act is working its way through Congress. After that gets passed, market structure (the more important bill imo) is next. If both bills are passed by the end of the year, this will inevitably lead to more high-quality teams building new products / protocols that are able to use a token to bootstrap.
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Dan Romero
@dwr.eth
4. The biggest challenges for builders: managing psychology and lack of new consumers in crypto. This is tied to prices right now, but optimistically better infra and regulatory will increasingly mean the ability to build new experiences with crypto (likely abstracted away / "under the hood") are independent of prices. 5. Funding is tricky sense most investors are looking for traction and that's hard to come by (always is, but especially right now). My advice to anyone fundraising for the first time is focus on getting to your first 1000 users (Farcaster at today's scale is useful for that) and focus on depth of engagement. If you're an existing company that needs to raise in the next 12 months, consider how to reduce burn (unless you have strong metrics). Ultimately, the market conditions can change quickly, so being nimble with roadmaps and spend is an advantage (as it always is as a startup).
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Monteluna
@monteluna
A lot of teams realizing they don't have a net new marginal user and haven't had one since last year. Talent rotation into projects with at least 37 users soon.
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Black Safe Capitals
@europrofits
How we can grow up being a forex community @dwr.eth it’s being really hard. We planning of building an app and sharing our trades. Any feedback will be welcomed 🫂
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kevilini.base.eth
@kevilini
@crunklez @tara0x this is why lettuce exists
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