Nazan Kurt

@nkkurt

171 Following

204 Followers

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Traction is a trailing indicator. Defensibility is a leading one.

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ZK rollups vs. Optimistic rollups is a race to lower proving costs. When ZK proving costs drop while tx volume increases enough to beat ORs, ZK will win. For now, current costs and tx volumes favor ORs—but tech advances will tip the scales. ORs can use this time to adopt ZK proofs in hybrid systems while leveraging their lead in tx volume.

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The goal of any for-profit business is to create value. Value is driven by: •Market size (and its growth potential) •Long-term market share •Net profit margin A successful strategy boils down to optimizing one or more of these levers. (7 powers, H. Helmer)

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Becoming a ‘cornered resource’ is far more achievable as a team than alone. It’s paramount if you can find your crew. It isn’t just about personal growth—it’s the key to building something truly meaningful and making a game-changing impact.

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My 2nd startup was a team product which needed a top to bottom adoption. One angel investor we pitched to asked how many CEO friends do we, as founders, have. I was one of the first founders in my friend circle, and didn’t have (m)any and was a bit offended by the question initially but grew to appreciate it. (He also ended up investing.) Now I explicitly try help my friends to become successful CEOs. That’s the only way I can think of building that kind of a network.

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Taiko BCR with its multi proof system is pretty interesting. Considering that more rollups, especially optimistic rollups, will be looking into zk-fraud hybrid proof systems, it can be a good example to study. It’s even more surprising that such a hybrid approach is being tried by the ZKRs instead of ORs. https://t.co/0GyeUpeG8X

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Winning is overrated, if it’s not worth your time.

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The Founder’s Guide to UK Crypto Law demystifies legal & regulatory topics, helping Web3 founders build safely in the UK. by @superteam Also available at https://bento.me/superteamuk https://drive.google.com/file/d/1SvRIU3ON4FFUu-Dp0AOmerFs_xcQg7t-/view?usp=drivesdk

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- Cross chain interop through Chainlink’s CCIP - TradFi tokens issued on Project Diamond, regulated by ADGM (not available in the US) Big news accelerating institutional adoption of tokenized assets, starting in MENA https://cointelegraph.com/news/chainlink-coinbase-project-diamond-integration

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Just watched 1inch founder Sergej Kunz’s presentation at Paris Blockchain Week—no slide deck, just pure substance. Love seeing blockchain founders skip the fancy decks, especially for developer products. Are they a poor use of resources? Misaligned with the audience? For devs, the best storytelling is clarity and substance.

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Do you exit to fiat when you’re selling, esp. volatile assets, or to USDC, or else?

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We were raising our next round for Hype.day when the FTX Collapse happened, which eventually led to dissolving our startup. Looking back, it was one of the top market events impacted crypto, resulting in significant negative crypto adoption shocks and increased risk premia. It could have been a completely different story if instead it was a different time e.g. BlackRock ETF Launch. Part of it is luck, but the other part is building a business that can survive till the right market events/waves comes and how one leverages these major events.

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A pretty cool dashboard from @pimlico on AA stats by chains/bundlers and account factories: https://stats.pimlico.io/factories

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Your user acquisition costs and LTV determines how much you can afford to stick to your (web3) values.

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BTC is approaching $100K, and crypto is cool once again. But you can’t catch a wave by jumping on what’s cool every few years (guilty of it myself, though unintentional). Build expertise and be ready when the wave hits to increase the odds of your startup’s success.

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Make money and don’t burn out

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I’ve started using UserTesting.com as a participant (after using it for research for a while), and it’s fascinating to see what others are testing- a great source of inspiration. The insights one can gain from a $1 mobile survey are incredible—leaves no excuse not to connect with users

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Ego stemming from technical excellence might be the biggest roadblock for engineers in influencing notable change. Understanding and an authentic appreciation for what each discipline brings to the table will open the doors for influencing beyond the code.

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Pretty bummed that Anna Rose is giving a break on the zk podcast :/ Will def miss the weekly episodes. Any other, as good, zk/crypto podcast suggestions? Looking for technical content rather than the a16z crypto’s or bankless’s

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IBC might be the stunning example of an amazing technical product that ‘fails’ in the market due to lack of alignment in the leadership team 😔 https://podcasts.apple.com/us/podcast/zero-knowledge/id1326503043?i=1000669936023

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