Top Agenda: NFT Products, Fiat Onboarding, User Analytics.

Schedule - Market-Product-Team Fit - Potential Partners - Attendees

Team Discussions – Reading

Schedule

7/11 Monday: Palo Alto office

7/12 Tuesday: Palo Alto office

• 12PM: Top agenda and market-product-team fit
• 1PM: July deliverables review by guilds
• 4PM: Team exercise and 1-1s at the park
• 6PM: Sandwiches dinner and AMA on sprint initiatives

7/13 Wednesday

7/14 Thursday

7/15 Friday

7/16 Saturday (optional)

NFT: Market-Product-Team Fit 🎽

In this Q3 and Q4 the team needs a single focus and going deep, rather than spreading thin. Potentially Sahil and Eric will closely collaborate with us on NFT; Richard and Sammy have vertical-specific partnership experience; Brian and Jack can drive all internal initiatives toward NFT-related campaigns and products.

Our Q3/Q4 Thesis on NFT:

• Market: We know from extensive research (essential reading) that the NFT market has traction with billions in value and potential for mass consumer appeal with hundreds of millions of fans and users. “Finding product market fit = focusing on the market first” – meaning, 15% monthly growth rate.
• Product: We have a product (platform) that offers fast and affordable minting, trading, and mass distribution of NFTs to millions of users. “The only thing that matters is getting to product/market fit.”
• Team: Can we align our team efforts to build out a thriving ecosystem of NFT minting projects, social token launch platforms, trading marketplaces, collector DAOs, derivatives and avatars with high liquidity, volume, and users?

🪘Market-Product-Team Fit with Utility NFT for Creator Economy

Potential Partners

• Coinbase Cloud, Dune Analytics, Nansen, Token Terminal

Attendees

All international fellows are invited; select contributors are invited every three months.

• Invite sent to:
• 🌻Yuriy
• 🐙Sergey, 🏓Xiaopeng, 🐈Semar
• 🎹 Sammy, 🌟Novell, 🦋Amy
• Confirmed: 🚵Bryant, 📖Devin, ⚔️Nita, 🌀Bruce, 🥤Jeremy, 💣Paola
• Unavailable: ☕️Cathie, ⛵Hakwan, 🏔Diego, 🎸Jenya, ♏️Gheis, 🛰️Max, ⛓️Konstantin, 🧑‍🍳Victa, 📱Tejassvi, ♒Nick, 🛫Tahir

Eng Team

• ⛓️ Konstantin Potapov 🛡: Abstract blockchain implementation (convenience & performance), Launch epoch sync synchronization (cost reduction & performance), Solve consensus concurrency issues (stability x 2). 100/90/100%
• ♏️ Gheis Mohammadi 🛡: Takeover block sync code, Research Erigon block sync, Implement Erigon block sync. 90/60/60%
• ⛓️ Konstantin Potapov 🛡: Abstract blockchain implementation (convenience & performance), Launch epoch sync synchronization (cost reduction & performance), Solve consensus concurrency issues (stability x 2). 100/90/100%

Q3 Budget

6️⃣ June Budget

• Treasury ($171M total, as of 5/16) 🎽: 2.61B total (1.70B unlocked + 0.92B locked) ONE tokens ($130M), $6.72M USDT + $2.93M USDC + $688K USD, $1.11M DeFi assets, $2.13M NFT assets, $1.22M on liquidity pools, 9.27M shares of GameFi assets ($26.0M), $6.04M exchange marketing budget (104M ONEs + 2.80K tokens).
• Our projected spending this month is >$1.58M; as of 5/16, our treasury holds $171M total with $10.5M cash.
• Expected by 7/1: $25M cash if more GameFi shares are liquidated ($12M otherwise), 1.50B unlocked tokens ($60M at $0.04 ONE price).
• Total Q3 Spending: $5M cash + $10M 6-month vesting tokens (unlocked by 2023 Jan 1st)
• 60% = $3M NFT Product & Partners (Giv): Games (3 $50k licenses), Launch campaigns (1MusicDAO, land sales at DeFira / Evoverse / …)
• 20% = $1M Dev Ops & Services (Leo): Cloud cost, Data Partners (target: Coinbase, Dune, Nansen)
• 10% = $500K Bridges, Protocols, ZKProofs (Ganesha): Horizon campaigns (stETH ETH2 staking deposits), 1BTC (lending), zkU, ResearchDAO (Common Prefix, Stanford Blockchain Week Visit)
• 10% = $500K Dev & Community Growths (Jack): Communication, Content, Event (1Conf deposits), Blu3 (_ Hackathons)

Meetings on Wednesdays

• 11am: Dev Growth: Only Stephen, Ganesha, Jack
• 12pm: Admin: Only Stephen, Li, Giv
• 1pm: Eng Meeting (Conf Room) by Rongjian, Leo, Ganesha, Jack
• 1pm: Partners: Only Stephen, Giv, Brian/Richard
• 2pm: Biz Meeting (Conf Room) by Li, Giv, Jack, Brian
• 2pm: Hiring: Only Stephen, Rongjian/Leo, Tom
• 5pm: Two 15-minute Team Tech/Product Talks at TGI, organized by Tom, Li
• 5:30pm: Products: Only Stephen, Giv, Zi/Sahil

Guilds for Focus & Traction ☁️

The only thing that matters in a Day ONE startup is getting to product/market fit.

As a team we must focus on market opportunities with traction now, build products with partners to serve that market, and focus our team efforts towards Market-Product-Team fit.

The proposed guilds below are the focus areas and deliverables with the goal to drive utility to Harmony now.

27.5 Technical

• 5 Protocol: 🛡Rongjian, 🛰️Max, ⛓️Konstantin, ♏️Gheis | 🏓Xiaopeng
• 7.5 Dev Ops: 🏃Leo, ⚔️Soph | 🏔Diego, ⛓️Socheat, 🛫Tahir – ⌛Haodi, ⌨️Lutty
• 3.5 ETH Bridge: *🏏Ganesha | 💻Aaron, 🌀Bruce, 🐈Semar
• 4.5 BTC Bridge: *🏏Ganesha, 🌻Yuriy | 🗝️Hash, 🐙Sergey, 📱Tejassvi
• 7 Dev Growth: 🎸Jenya, *🐉Jack, ⛵Hakwan | 🧑‍🍳Victa, – 🚎Artem

36 Business

• 5.5 Ops: 💙Stephen, 🎽Li, *☁️Giv, 🐯Tom | – 🕸️Amanda, ✅Rob
• 5 Game: 🛹Peter, 🌲Sam, 🎤Matty, 💃🏻Essa | 🌳Al, 🧗‍♂️Leon
• 4.5 Content: *☁️Giv, *🎥Adrian, *🎬Danny – 💿Kelly, 🎞Andrew, 🧩Yi, 👁️‍🗨️Eilam
• 6 Communications: 🔭Daniel | ⚽️Abhi – , 🎮Matthew, 📢Jose
• 6 NFT Products: 🦒Brian, (💊Sahil) | 🥤Jeremy – 🚜Demetre, 🐐Mikey, 🔫Timothy, 👩🏻‍🚀Kayla
• 8 NFT Partners: *🐉Jack – 🐇Rachel, 📖Devin | 🎹Sammy, ♒Nick, 📶Richard, 🇪🇺Juan, 🕵️‍♂️Cristiano, 🥑Miguel, ⚖️Garrick

July Action Items

• Tokens for 1BTC, ETH Bridges
• Product onboarding: 1Wallet
• Spot bonus from /7 /8 /9 to replace /q3 peer and manager bonus.

Essential Reading

Pmarchive · The only thing that matters

This post is all about the only thing that matters for a new startup. But first, some theory: If you look at a broad cross-section of startups-say, 30 or 40 or more; enough to screen out the pure flukes and look for patterns-two obvious facts will jump out at you.

pmarchive.com

DappRadar Blockchain Industry Report - May 2022

Check out the dapp industry highlights of May 2022

dappradar.com

The Ultimate Crypto Bear Market 2022 Survival Guide

How to make the best of a difficult situation

dappradar.com

Games and blockchain

Preface: Usually, for my blog posts, I just write stream-of-consciousness rambles, and don't even bother proofreading. This is different - this is the first time I actually put in some effort. Why? To celebrate Mirror launching Writing NFTs on Optimism.

polynya.mirror.xyz

By now, it should be clear that inflationary mechanisms like play-to-earn are economically unsustainable.

Things get interesting when you consider novel mechanics that can only be accomplished by smart contracts.

Grantee Roundup: May 2022

It's always fun to hear about new grants as they're awarded, but what happens after the announcement? In this series, we check in on projects that are well underway - or already at the finish line. Read on to learn about some recent milestones and achievements by grantees! ___ Nimbus...

blog.ethereum.org

The prospect of running a full client from within a wallet or dapp has huge implications, not only for the health of the network but also for decentralization and privacy as it reduces reliance on the centralized infrastructure that most wallets currently use to access Ethereum data.

DeFi Market Health: A Stablecoin Perspective

Global total value locked excluding Terra fell 37% in May which is in line with other major corrections. Overall stablecoin supply fell over May for the first time and is down 15% month over month. On-chain stablecoin decentralized exchange (DEX) liquidity is relatively healthy as much of the liquidity reduction was in unproductive protocols such as Curve.

messari.io

Essentially, for the first time, the overall stablecoin supply fell across the month and is down 15%.

A healthy ecosystem following a price correction is characterized by leverage reductions, ample stablecoin liquidity, and active users.

Thus, the user base remained relatively healthy, despite the overall decrease in DeFi liquidity.

Staking, pegging and other stuff

This will be short and I didn't proof-read it so I'm sorry in advance for the plentiful errors. Before I start, want to make the proper disclosures. Firstly, none of this is financial advice, because I'm not qualified to give financial advice, in fact I'm not really qualified to do anything.

cobie.substack.com

Web3 Infrastructure Q1'22 Revenue Report

Key Insights Several Web3 infrastructure protocols are generating substantial protocol revenue, including Filecoin, Helium, Arweave, and Livepeer. Most Web3 protocols have shown significant revenue growth over the past year, and many continued to experience said growth in Q1'22.

messari.io

Crypto summer - hot topics, data, text(books), reads, more

Welcome to the first edition of web3 weekly, a newsletter from a16z crypto that curates resources from us, and from others, for those seeking to understand and go deeper on all things crypto and web3.

a16zcrypto.substack.com

Cryptoeconomics not only combines cryptography and economics to produce new methods of communication, cooperation, and organization; but, the authors argue, it might also “bring the invisible hand to computation”.

a16zcrypto.com

a16zcrypto.com

GameFi Monetization: A Framework for Redefining Play-to-Earn

Today's traditional gaming industry monetizes through social (assets with social value) and utility (assets with in-game value). There are apparent flaws in the play-to-earn (P2E) gaming model, primarily that P2E creates a pay-to-win game dynamic and requires significant upfront investment prohibiting more players from participating.

messari.io

A free-to-play-to-earn (F2P2E) gaming model might suit crypto games better than the pay-to-play-to-earn (P2P2E) model.

Two thought experiments to evaluate automated stablecoins

While there are plenty of automated stablecoin designs that are fundamentally flawed and doomed to collapse eventually, and plenty more that can survive theoretically but are highly risky, there are also many stablecoins that are highly robust in theory, and have survived extreme tests of crypto market conditions in practice.

vitalik.ca

Thought experiment 1: can the stablecoin, even in theory, safely "wind down" to zero users?

Thought experiment 2: what happens if you try to peg the stablecoin to an index that goes up 20% per year?

Instead, while we certainly should hope for growth, we should evaluate how safe systems are by looking at their steady state, and even the pessimistic state of how they would fare under extreme conditions and ultimately whether or not they can safely wind down.

Candidates · Coinbase Talent Hub

Here's a list of amazing people affected by the recent talent changes at Coinbase.

coda.io

How Computer Scientists Learned to Reinvent the Proof | Quanta Magazine

If a million computer scientists had dinner together, they'd rack up an enormous bill. And if one of them was feeling particularly thrifty and wanted to check if the bill was correct, the process would be straightforward, if tedious: They'd have to go through the bill and add everything up, one line at a time, to make sure that the sum was equal to the stated total.

www.quantamagazine.org

… such deep algebraic tools actually making it into practice,” said Dan Boneh of Stanford University.

“By adding interaction and using a lot of the same math that was ported over from PCP technology, you get practical stuff,” said Eli Ben-Sasson, a computer scientist who left the Technion in Haifa, Israel, to start the company StarkWare.

The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges · Stanford Journal of Blockchain Law & Policy

Blockchains are not simply about money. The modern-day alchemists who minted Bitcoin and other digital assets have animated a generation of technologists to reimagine how the financial and commercial world operates. The vision that these technologists aim to bring to fruition is not just about payment systems and other financial instruments.

stanford-jblp.pubpub.org

The following analysis raises the possibility of “wrapping” an entire DAO as a single UNA or “siloing” DAO activity between the treasury and the protocol, with the treasury being “wrapped” in an UNA and the protocol remaining regimeless or “wrapped” in a variety of possible entities, determined by the facts and circumstances of a particular DAO.2 This would bring all activities related to the treasury (e.g., grant programs, DAO funded development work, staking/liquidity mining programs, treasury diversification, etc.) under the treasury UNA, whereas the separate activity relating to the protocol (e.g., protocol smart contract modifications, decisions relating to protocol fees, etc.) would fall under the separate and distinct protocol structure. In either case, the proposed structures prioritize trustless and on-chain transactions, while mitigating the risks of regimeless and offshored structures.

Review: 'Steve Jobs,' Apple's Visionary C.E.O. Dissected (Published 2015)

Steve Jobs NYT Critic's Pick Directed by Danny Boyle Biography, Drama R 2h 2m "Who are you? What do you do?" Those questions, put to Steve Jobs by his erstwhile partner Steve Wozniak in the middle of a heated argument, are both practical and rhetorical.

www.nytimes.com

Aaron Sorkin on Turning Steve Jobs Into a Film Icon

In reading about the trouble they were having getting the Mac to say "Hello" at the 1984 launch, I got this idea, and I wrote an email to Scott saying, "If I had no one to answer to, I would write this entire movie in three real-time scenes, and each one would take place backstage before a particular product launch.

www.wired.com

Steve Jobs Ending 2

Steve Jobs Ending 2

youtu.be

General Magic

Screenings, Panels & Workshops We offer packaged private screenings of General Magic, onsite or virtual. Business lessons about General Magic are paired with the screenings, live panels, and team-building workshops with the filmmakers and 'Magicians.'

www.generalmagicthemovie.com

How to set up a Gnosis Safe multisig wallet.

DAOs are community cooperation at work - people coming together to create, invest, build, and vibe. In order for DAOs to carry out their operations, they need stuff. And that stuff is often in the form of digital assets like cryptocurrencies and NFTs.

rabbithole.mirror.xyz

Quest | RabbitHole

Earn crypto through discovering and using the latest crypto applications

app.rabbithole.gg

Quest | RabbitHole

Earn crypto through discovering and using the latest crypto applications

app.rabbithole.gg

Common Prefix - Harmony

Common Prefix is a team of scientists and engineers specializing in blockchains. We work from first principles, with an eye for rigor and formal cryptographic security proofs. We contribute as the advisory team for Harmony's underlying science.

www.commonprefix.com

Team Discussions