The 47th edition of our curated newsletter.
In today’s newsletter we look at:
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- Web3 from the cryptographer’s perspective
- Keeping your DAOs healthy
- Web3 Devs Superheroes
- Web3 Prospects
- OlympusDAO Way
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Confessions of a Cryptographer
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First Impressions of Web3
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Over a decade ago, the only people who dealt with ‘crypto’ were cryptographers. DeFi, NFTs, and even Bitcoin were non-existent, and Web2 has centralised everything into platforms. The author of this post shares his views on Web3 and what it will look like.
Some of the key points include using cryptography to distribute trust and the necessity to reduce the burden of building software.
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DAOs keep growing, and it’s about time we think about their health. This post highlights the most critical metrics that every DAO should be tracking to reach its ‘health’ goals regarding community, governance, and finance.
The article suggests a basic model for DAO health and a starter set of 9 metrics, including what it is and why it matters, enabling a DAO to track and manage its health over time.
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Electric Capital Developer Report
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Web3 growth is undeniable. However, web3 developers are still a minority of the global dev community. Electric Capital, a Web3 venture firm, has released a report exploring the Web3 dev scene and made a few curious conclusions.
The research fingerprinted almost 500,000 code repositories and 160 million code commits across Web3. It turned out that its developers are advancing faster than ever, with 34,000 new people committing code in 2021. Check out other key findings in the Medium post.
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Since Web3 is the talk of the town, it wouldn’t hurt to understand why it takes so long to build out the web3 driven metaverse. The main issue is that only a niche group of people benefits from blockchain tech, apart from traders and speculators.
This piece sums up the main ideas about shaping up the Web3 metaverse. For instance, the authors see NFTs as a fashion rather than art and suggest watching projects tackling interoperability at the protocol layers. They also note that creators are not incentivised to build off of existing projects at the moment. Also, they predict that gaming will be a tough one to get right.
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An Outlook at the Turn of 2021
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In case you haven’t been following Olympus, it is a community-based DeFi protocol creating a decentralised reserve currency. With a modest goal of building the greatest digital economy globally last year, the project introduced new dynamics that have changed the course of DeFi protocols.
If you are a project founder and consider building on OHM/with Olympus, we recommend you get acquainted with the project’s plans and hopes for 2022. Their latest article is all about that.
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