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Coop
@coopahtroopa.eth
One of the tougher parts of building consumer apps is seeing dozens of L1s and L2s being valued at multibillion dollar valuations while they entirely rely on strong apps to give them tangible value. Meanwhile... the number of billion dollar+ crypto consumer apps is basically 0
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Yele | Onboard 🌐
@yele.eth
Almost like the incentives are for builders to deploy more infrastructure / L2s. Do you think we’ll see the rise of app tokens? Or maybe L2s will use RetroPGF to distribute tokens to their apps?
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Coop
@coopahtroopa.eth
1) Yes to the rise of app tokens (and eventually app networks) 2) RetroPGF is amazing in principle but too manually in its current form. You shouldn't have to apply through governance to receive ownership in the network you drive tangible volume, accounts and attention to.
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Yele | Onboard 🌐
@yele.eth
I guess, if we automate at this early stage, you potentially introduce the challenges of P2E where people game the system to get rewarded tokens. But I imagine a future where apps who are able to achieve the right metrics that contribute positively to an ecosystem are automatically rewarded for their contributions
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Yele | Onboard 🌐
@yele.eth
We can use YouTube & Creators as an analogy. YouTube will be the L2/Platform, Creators are Builders. As a creator on YouTube, I get ad revenue automatically through an automated and transparent system for creating monetizable content on YouTube.
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Coop
@coopahtroopa.eth
If a system can be gamed to earn tokens that does not create value it is not a strong system. IMO biggest shift we will see is less rewards in valueless governance tokens and more natively earning ETH.
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