Matthew on Warpcast

Matthew pfp

We need more apps. There are too many infra projects. No one understands the technical nuances. And the answer is… MY infra project that no one understands. Problem solved! https://x.com/dabit3/status/1917589833628713399?s=46

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Nader Dabit pfp

we have a lot of apps already, including top apps on the app store, app founders like the founders of Reddit building with us, and real revenue (approaching $250M and it's not from ponzis or token launchpads), and the ecosystme is incredibly young and the DX isn't great yet (it will get 100x better by end of year) even with that, the main reason why we have grown so much at EigenLayer in terms of developers (fastest growing ecosystem in the world in 2024) is that they can just do whatever they want, build whatever they want, and don't have to deal with the restrictions of all of these blockchain vms.

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Matthew pfp

Ironically I agree with everything you said around 1000 chains and fighting over a tiny market. And I know I was being snarky but you've clearly built something developers want and I support that. My point was that you described a problem of lack of onchain apps, and a solution which is presumably Eigenlayer. And I just don't think the lack of infrastructure is the reason there are not more crypto apps.

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Nader Dabit pfp

it’s not the lack of infrastructure, it’s the type of infrastructure being built. my point is that everyone is trying to build apps for the last 10 years using the same constraints, and companies keep building slightly different networks, using the exact same constraints, expecting something different. But there is new infrastructure that removes all of those constraints, and it’s just going to change everything. This isn’t just an EigenLayer shill, there are other products taking this or a similar approach as well. The reason we only have 50 services with apps live on manner, and are only approaching around $250 million in revenue for those apps and services is because the barrier to build is still pretty high. In one year it should be around 100X easier, and those numbers will be much higher. https://x.com/dabit3/status/1893037463116906607?s=46

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Matthew pfp

Again I don't disagree with you! But the constraints of today's infra are not the reason for the lack of mainstream crypto apps. The issue is that this industry is full of perverse incentives, fraud, and hubris, which drives people to focus on playing short term games at the expense of building long term value. Very few product builders in the space even attempt to solve a problem for everyday people in a way that they can understand. I believe that is changing slowly and surely, but better infra is not the reason.

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Nader Dabit pfp

I agree that the industry is full of perverse incentives, fraud, and hubris, but disagree in that most developers just want to build high quality applications that create value, and the best ones don't care about the primitives they're using, they just want to build great apps. and to build great apps you have to be able to build sophisticated business logic and implementation details that just aren't possible within blockchain vms most, maybe all, of the zkTLS apps - the users don't know or care they are using crypto rails, and the developers seem to be overwhelmingly more likely to be just regular software engineers and those apps are already generating revenue, topping the app store, etc.. this isn't theoritical, it's literally facts. zkTLS is just one example of one vertical, there are dozens of others that will be unlocked when you can leverage a normal programming environment

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