olly wilson

@ollywilson

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this week in sf and nyc i spoke with dozens of different crypto founders and operators (both b2c and b2b)   all agreed that 1) the current proliferation of new chains is unsustainable and that there’s going to be consolidation but 2) it’s not happening anytime soon - so everyone’s trying to figure out what’s the cost / benefit of integrations for every new chain while we’re still living in this environment being able to quickly integrate chains, and/or provide better chain abstraction is going to be a competitive advantage - since the time spent thinking about this isn’t a core competency for most apps

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More than 200 chains (L1s, L2s and L3s) have launched in the past year. That means it’s getting harder to compete for mindshare - why should I use or build on your chain, and how is it different from any other general purpose platform? Technical superiority isn’t enough - plenty of examples in tech where the most advanced option failed to gain traction (think Betamax vs VHS). But purely operating off vibes doesn’t work either - developers are the lifeblood of crypto, and there needs to be something of substance for them to stick around. The most successful and fastest growing ecosystems have to offer a novel value proposition AND have a strong GTM (while realizing devs, creators and users all overlap) Here’s a few (non exhaustive examples) of ecosystems with near term launches doing it all:

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sentiment check -- current look i get when i tell people i work in crypto is somewhere in between "look you'd give a wounded animal" to "drank orange juice after brushing teeth" so early™

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now live - fungible prices (one of our most requested features) - get all metadata and the current DEX prices of given fungible (ERC20 tokens)! https://docs.simplehash.com/reference/fungibles-by-token-list

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things we tell everyone about how we decide to add new chains: * we firmly believe in a multi-chain AND multi-ecosystem world for token activity - and that's what's played out over the past 3 years - Solana is now an effective counter-weight to EVM * we fully expect the number of EVM chains to continue to proliferate, even if there's eventual consolidation * we're developer-led - if a lot of our users and customers want a chain, we'll add it * but we also aim to "go where the puck is going" - if we see a chain with major organic activity, we'll take a close look * most of our chain integrations regardless can be done rapidly (sometimes less than a day) * if you need help with support for a new chain, or think there's one we should support that we don't yet - please let us know!

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At SimpleHash, we're dedicated to providing developers with the broadest chain coverage in the industry. Our support extends across a diverse spectrum of networks, from established platforms like Ethereum and Solana to emerging platforms such as the new L2s and L3s, and even the full Bitcoin ecosystem - Ordinals, Runes, and Rare Sats. Our comprehensive API allows you to interact seamlessly with both NFTs and fungible tokens across multiple mainnets and testnets. We understand that the blockchain landscape is ever-evolving. That's why we're constantly expanding our support to include new chains with active developer communities. Don't see your preferred network on our list? We're all ears! Reach out to us, and let's discuss how we can support your project's needs. We're committed to empowering developers like you to build the future of Web3 - check out our full list of supported networks: https://docs.simplehash.com/reference/overview

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Our friends at Faraway are doing big things in web3 gaming - has been awesome to partner with them on all things NFT data related! full case study and how we saved them $220K+ below!

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company building is consistency - here's stuff simplehash has done every single week / month and maybe will work for you too: 1/ consistency isn't glamorous, but it's the bedrock of success. at simplehash, we've learned that doing the right things over and over beats flashy stunts every time. let's break it down. 2/ customer feedback sessions. every single time, with technical team members. consistency here means we're always aligned with real needs, not just fantasies. the grind of these sessions pays off in deep, actionable insights. 3/ dogfooding our api. if we don't use it, we don't ship it. this relentless self-testing means we catch flaws early. consistency ensures quality and empathy for our users' experience.

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told the financial advisor sitting beside me on my flight i work in crypto and instantly regretted it

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I often get asked by friends if it's still worth investing in crypto and what to buy. That's after the eye-rolls, pitying looks, and getting laughed at on Thanksgiving. In all seriousness, here's my advice: Don’t allocate more than you can afford to lose (a few percentage points of your portfolio) Keep it simple - a balanced set of BTC, ETH and SOL, held without making stupid frequent trades will probably out-perform 90% of strategies over a longer horizon, and give decent exposure to the space without too much brain damage Don’t check the charts. And expect a long holding period, and a lot of volatility (Or alternatively, check out @alongside - awesome people building the index funds of crypto) Obviously if you’re reading this, you might be much more experienced / have a much higher risk tolerance, or just be a full degen. In that case, this doesn’t apply What do you think / what do you tell friends?

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airdropped nft spam and scams are rampant, especially on solana. the influx of malicious links and fake collections is a serious issue that can't be ignored. bad actors exploit the system, sending spam and scams that can drain wallets and steal data. it's more than just a nuisance; it's a real threat. SimpleHash is stepping up to tackle this problem. our spam scoring system evaluates every collection to ensure safety and integrity.

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The L2s are dominating NFT activity right now. Nearly half of the top 10 collections by volume for the past 30d were on Base or Blast: 1. Apollo Program (Blast) 6. Higher Swatches (Base) 8. Plutocrats (Blast) 9. BOSS (Blast) As with other parts of crypto, users are voting with their feet in favor of low cost and ease of use.

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Engineers at early stage startups should double as customer success why? because understanding the user firsthand is the only way to build products that truly matter. the best code comes from a deep understanding of user needs. without that, you're just guessing - and early stage startups can't afford that

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Native token balances - now live on SimpleHash! (native tokens are the base token of a given blockchain (how much actual BTC in a certain wallet hold, how much ETH, how much SOL etc)

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I spent 5 years at McKinsey before startups and I often get asked for advice by consultants considering startups. here's what i say: (this is more for seed/series a/founding):

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How to make crypto conferences useful There’s a joke that one of the main use cases of crypto is conferences - you could literally go to a different conference on a different continent every week if you wanted. Done right though, conferences can be a huge benefit. Here’s what to do:

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Rare Sats have ballooned in popularity across the NFT community, now you can query them in the SimpleHash API! We are tracking all UTXOs on Bitcoin, but ones containing a rare sat have been added to a special collection - check it out here: https://docs.simplehash.com/changelog/announcing-rare-sats-support

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Excited to share our latest case study with DRiP, who are redefining digital ownership and the creator economy on Solana. Through use of compressed NFTs, the team at DRiP has facilitated over 100 million mints, driving forward in a challenging market: https://simplehash.com/blog/drip-the-simplehash-kafka-bulk-service

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what do we do at simplehash? make crypto devs lives easier with access to nft data across 50 chains: https://simplehash.com

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for anyone at ETH Denver who wants to join - am doing this gym in downtown at 4pm Tue, and 7am Wed, it looks like they have week-passes: https://maps.app.goo.gl/EtyfuVrM6jArfm9U7

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