Don’t think it has ever been as clear what will and won’t succeed in crypto, as it is now. Seems strange because of how little conviction most people have on CT.

cofounder @canvas, prev @common, raymond.xyz

i don't think it's clear at all - what is clear that will and won't succeed in crypto in your view?

Interesting progress in cross border stablecoin settlement lately

Institutional DeFi, marketplaces like Morpho as liquidity clearinghouses for 1000s of depository receipts

Closer to here, Farcaster frames as a protocol. 

A bunch of other theses too that are more niche or detailed

gotcha. yea, bullish on a lot of that, though wouldn't say any of it is a clear future success. lots still very far from pmf

stablecoins maybe the exception and are definitively here to stay