Pat Yiu

@patyiutazza

272 Following

831 Followers

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Small thesis for sports the past two years that has become an SEC compliant ATS system for onchain securities launching next month. Earnings are capped by the odds for traditional sports betting, but certain sports allow for your to own a portion of the market. For instance, consider a horse valued at 300k with 10k shares available at an initial price of $7.50 a share. We own 20% of the total horse and 20% of the shares for the purse of that horse. If that horse races for a Grade 2 and wins, that's 400k, ownership group earns roughly 192k and the 20% ownership cut ends up being 38.4k or $3.07 a share. Winning two of these purses essentially covers my ownership of the horse. In contrast, if I bet on the same horse at 2:1 odds, I'd have to wager 49.6k to earn 19.2k and have the same potential return. Investing in the horse has provided me a long term asset appreciation that has lower risk than betting on the horse. Studding is where the long term value lies and selling the weenlings. Here's Love Tempo.

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Health is wealth, back online

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So many ways to have Peking duck, but nigiri style with caviar might take the cake

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On the eve of going back stateside, some thoughts of China 1. Excited to see China willing to work with SMEs and to see how much they've built domestically. There are blockchain apps doing 20m revenue that I've never even heard of 2. I believe Chinese studios with western tokenomics will win the onchain gaming market. Hard to compete with hundreds of devs and government stipends 3. Tiktok/Douyin is a cancer but maybe necessary as AI destroys a lot of roles over the next decade. 4. Mobile forward is so important. Wallet tech needs to feel like alipay before major adoption. Not just a wallet, a door into everything else. 5. Speculation is a feature but not a necessary feature. 6. IP is becoming tribal, memecoins are going to be very interesting over the next decade. Modern day cults.

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Today Nouns DAO became the first government approved DAO in China in direct partnership with the Chinese government. Over the next year, China will provide access for our team to advise and implement the future of China's blockchain legislature. I am excited to bridge the gap for China and am thankful for support from 王野霏, chairman of the Capital Copyright Association. Thank you to everyone at Nouns I've met this year, this still feels like a dream to me and I can't wait for us to be able to use government channels to proliferate our mission

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Spent the morning chatting about my vision of Nouns in China with Premier Zhao's second in command, 黄剑平. I got to learn about how he brought Levi's and Cocacola to China while brokering a bilateral trade deal with the Bush administration. Lot of plans starting with an announcement on Wednesday 😉

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Cool to see Matcha x Linea swaps using a smash theme from @arjunebug for the announcement

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Spent some time with the Disney Lorcana community during their regional championships and had great fun trading nounish swag for Lorcana swag!

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Impact investment can happen in AI too. Caught up with https://www.curie.co/ today who has had an allstar run after being mentioned by StockX and Tim Cook at WWDC and they focus on one thing, turning images into 3D models using high accuracy. Before them, 3d product rendering was a manual process that was outdated. In numbers -> 1B products x manual effort = $20T in cost to bring to 3D They've been building their systems and on year three have reduced the cost of rendering from $200 in Year 0 to $0.20 with an ultimate goal of $0.002 per product by Year 5. What is the impact of this in numbers? Early data through partners like StockX, Walmart, and Meta show that at scale (3B products), reducing the return rate with better 3D showrooms could reduce up to 2 Billion pounds of waste. Investors have the potential of an exit (acquisition most likely in this case by an ecom giant) but can also feel good knowing this could have a significant impact on the negatives that fast fashion brought in.

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October releases of Cando have been so funny. Really glad they're it's starting to find its fit with an audience

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Fully off memes for the near future outside of my own launches the next month. Learned a lot this year through Sam for base and Peter for solana. Market shifting and innovations in stables is more exciting and less risk. Esports needs a few products to funnel money for my dream of owning a league team.

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Voter atrophy comes from not making governance enjoyable enough to spend your time. That's the beauty of a DAO. Having to spend 4 hours in a call to hear a few proposals is too much time for most people, especially on a weekday. Agreed that voter participation is important, but that's a separate issue to the DUNA imo.

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DUNA getting WILD

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@nounsfe raised $1112 to plant trees with onetreeplanted.org!

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Slippage on tokens makes me not want to buy them most of the time. Personal note: Went to swap $1000 to $NOUNS and hit a 14% slippage Swapping to $100 brought it to 3% Swapping to $80 brought it to 2% I spent $80 instead of $1000 on the token because of the slippage. I think we should look at adding a bit of liquidity too before we see the next rush of $nouns users cc @noun40 @sams

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We launched a new series of quests today focusing on onchain onboarding. There's a specific quest for swapping $NOUNS on @matchaxyz that I would recommend doing once for a future nounish reward 😅 Link to quest: https://nouns.gg/quests/swap-nouns If anyone has feedback when using nounsgg, we would appreciate it! Happy Friday!

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30 minutes left of my casts being boosted. Warpcast clicked with me in a way that posting on reddit / twitter never have and is slowly replacing my instagram usage. Seeing "Casts are being boosted" puts a sense of urgency for you to take advantage of a short period of time to grow your network. - I like posting to close circles, but still managed to earn 20 followers from my note writing (Pretty cool!) - Got a notification of earning 5 USDC, lets me pay for another channel, awesome reward for just being active - Felt motivation to share more after being boosted. My life is a mix of esports, investments, and politics and it's quite fun to just write some daily thoughts on warpcast. Really good work @dwr.eth, what a great onboarding funnel.

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Over the next few years we will start seeing the influence of China in the world of blockchain. In 2017, I was given the opportunity to move to Beijing and develop domestic programs. One of these programs would become World University Cyber Games, the largest collegiate esports event in the world (where I also met my wife @dingshanshan123) During this time, the government was shelling out millions of dollars for any talented entrepreneurs to come and grow the domestic scene in China. We are now going to see the rush for blockchain as the government launches their official chain next month and the first cohort of grantees are revealed. My hope is that there are enough SMEs from the west who are willing to take the chance to help China become modern to the rest of the world. This is my version of Constantinople.

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NounsTown feels like early ETHDenver to me, an event that has produced a unicorn startup each year. I still remember my first one where I started out learning how to bridge to L2, hiked with random people up redrocks (all Nouns holders too now!), and every dinner was filled with optimism. One special one for me was getting to spend time with these two who have moved on to create monopoly go, the biggest roblox dev firm, and friend. I think we will see a few businesses come from Nouns that will stand the test of time. I'm hoping some of those end up as nouns.gg and meetquack.

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