Poll Results on Strategies: Adoption

Defi is undoubtly the most adopted blockchain application with real utility now. Much less hype and speculation and more proven utility compared to other applications. NFT has potential of mass adoption so we shouldn’t ignore it either. DAO is a form a organization, it’s not a application. Having best DAOs won’t extensively benefit our users, it only benefits the DAO participants, but the fact is not all our community members would like to participate in DAOs. Besides, DAO is very experimental and there is lots of unknown and uncertainty about its true value and applicability in certain areas.

🛡Rongjian

Crypto payment part of wallet strategy; SocialFi part of NFT; game represents “X to Earn” sector.

🏃Leo

DeFi: My first job in finance was at Goldman Sachs, but I’m still unqualified to think about global financial adoption versus “career bankers”. I don’t see our team and community having that expertise and passion. Whereas I think culture will drive users in the millions. DeFi is hard to use, yet easy to copy. NFT: I look at this as the broad ownership economy. This includes social tokens, music NFTs, and other cultural projects. I do think culture will be what brings in millions of passionate fans and people. DAO: The way I see the word DAO is it’s the 21st century “corporation” and maybe even “country”. We are no where near that level yet of adoption, but it’s a structure that can allow people to connect and work around the world. We should dive deeper into successful case studies. Games: There are 3.24 billion gamers in the world according to Statista. We have a fast chain that can support games and we have Peter who is passionate about leading this initiative. Let’s double down! Wallets: We have 1wallet and it is open source now so I hope we can push forward our Android moment.

🎽Li

Gaming, NFT, Defi, and wallet are all dependent on each other in many ways. It is important for us to double-down on bringing as many games as possible (need not be huge games, but games that maximize engagement and some earn factor). NFTs are only getting started. It is important for us to flourish a blue-chip NFT ecosystem on our chain (similar to what Ethereum and recently Solana is able to achieve). Defi in terms of scaling and sustaining the users and traction. Finally, the wallet that is game, nft, defi compatible is still the game play. Note that, we still need to spend some on the development of quality DAOs.

🏏Ganesha

DAO’s are over-rated and has caused way more problems for Harmony than any good it has done. But, I want to be clear: Sam and team have done an amazing job. The problem is with their mandate and with the overall design, which was not Sam’s or his team’s doing. Defi is important, but on its own is not competitive enough. But, Gaming + Defi is the intersection where I think the growth will be going forward.

🛹Peter

We have done great work in DAOs, but we have found that - without a smart contract at it’s center - most so-called “DAOs” are no more than on-chain communities. Which are good, but they don’t bring the force multiplier that we expected UNTIL we are able to build them around automation. We shouldn’t give up on DAO tooling, but DAOs themselves should be put on the back burner. Games and NFTs are linked - so we need to keep both engagements growing. Wallets are how people interact w/ web3 so we need to have the best-in-class wallet to provide next-level service to the new gamers experiencing web3. DeFi is still a vital component because it serves as the economic engine upon which most of these other projects rely.

🌲Sam

Games on Harmony have been extremely popular (dfk, mars colony, crypto royale, defira) so we need to double-down and give game developers the red carpet treatment and establish ourselves as THE platform for blockchain gaming.

☁️Giv

NFT (and it’s associated utility in untouch business yet) and Games have still room to grow. On the DEFI space, we have too many of them already but this is our main utility today and we shouldn’t ignore it completely. Let’s found the next business market no one else has ever touch (Transport & logistics ? energy ? real-estate? ...)

⚔Soph

Wealth is the fundamental political and social issue of human civilization, and how society creates and destroy it, is at the core of the blockchain as a technology and as a social movement, it was the main driver for Satoshi to write his paper. When we talk about DAOs we worry about how they will become sustainable, we measure games locked value, and the Apes would not been considered a success if its floor price were $2. There is not a single use case which success is not measured in terms of how it creates value. Wealth management is the quintessencial use case for decentralization

🚗Boris

DeFi (with a good Explorer) and a ubiquitous Wallet is a primitive, like the carbs in the food pyramid — without DeFi, we cannot drive any tokenomics. Without an easy-to-use Wallet you churn users unfamiliar with Metamask. We lost in the NFT space to other chains, our community-driven projects (other than GameFi NFTs) are sadly crude, and our (consumer) community isn’t mature enough to understand (or value) membership-based, ownership-based or social-based NFTs based on their comments on Harmony’s 8x Blue BAYC purchases. Games becomes a “purpose-driven” or “pull” for users to start using our chain. The chain is fast, affordable and sharded, perfect as a game chain. Having DAOs run game guilds will be ideal. But even without DAOs, we can still build communities, off-chain game alliances and governance.

🐉Jack

DAO’s are experimental and we should “wait and see” for a DAO that is actually profitable and works before going all in on them. The main issue is the infrastructure is not there. I would scale back all new DAO efforts by 80% and focus only on tooling, entering the market when it has proven itself to work and supporting the initiative by building tools for it to work... Current DAOs can be supported as a control for testing the viability of DAOs moving forward. DeFi should continue to be supported, but I believe Games and NFTs will show more explosive growth... The real 100x to me is having a Wallet solution that address the elephant in the room: Normies... nobody has cracked the code for a great Normie Wallet experience, 1Wallet could be the biggest thing that has ever happened to Harmony. Additionally, our new partners (XX) have said the main selling point for building on Harmony was our Wallet as has the potential for their audiences to have great experiences even if they are not crypto native.

🎥Adrian

We’ve seen the explosive potential when we combine gaming and blockchain mechanics, and I believe we’re still at the beginning stages of what’s to come. Signal that we’re serious about gaming by providing game developers (with backgrounds in A or AA game launches) with special incentives to build on Harmony. Seek out indie game dev teams who’ve deployed games on GoG or Steam for collaborations. Work to get ONE on Kraken and Gemini.

🔭Daniel

I believe the 1Wallet will be our flagship product that can help take us to mainstream adoption. Because of this, I believe we should focus on NFTs (tools, products, events etc.) and mobile games to help take the wallet to the next level. Since NFTs and gaming is huge in the industry right now, we can be the wallet that integrates all 3 for a great UX. As for DAOs, I think we are putting maybe too much effort into them when there are other big trends currently ongoing in the industry.

🎬Danny

I’ve been skeptical about DAOs all the way. But i still believe in them (if only we build better tools for them, and set them up correctly). I worry we let momentary market sentiments weigh it down too much here.

⛵Hakwan

I think gaming should be a heavy focus. There’s massive potential there. DAOs have been experimental, more of a long game approach. I think the DAO team has done a great job of pivoting to ensure the next wave of DAOs bring more immediate value back to Harmony. I believe the 1wallet could be one of our greatest products, and is also a great tool to onboard those in emerging markets

🎤Matt

Gaming a strong focus. Refocusing our efforts in logistics and strategy with DAOs to build a strong foundation.

💃🏻Essa

our tech infrastructure is ideal for gaming projects. I sincerely believe this is also where the next million users come from

⚽Abhishek

Agree with Leo; serve older people’s needs for wallet/DeFi onboarding and dev community’s needs (for NFT/gaming)

🦒Brian

DAO is still in its infancy. Games and Wallets have more potential. The total buyers of NFT is about 2.3 million, less than 10% of crypto users.

🐯Tom

DeFi and NFT are the two evergreen products of the cryptocurrency space. Couple the latter with gaming and we have increased consistent value for the ecosystem. Meanwhile, DAOs continue to be extremely experimental and creating them by force is leading to snake oil merchants, as the community calls them. I will not deny that there are DAOs out there doing meaningful things, for example, Vita DAO, Lab DAO and others in the decentralized science space. However, it must be noted that these have grown organically by the community - not by chains. I’m a little on the fence regarding wallets - on one hand I see how a native wallet built from the ground up with staking yields like Luna can do, but on the other hand I see how difficult it is to compete with Metamask. Overall, I would say I am leaning towards building one that focuses more towards non-DeFi use cases, for example, P2P transfer or business usage.t

🛰️Max

Defi & Dao are fundamentals of blockchain, NFT looks promise, but now is only hype around it, and we really need wallet. Actually, i don’t think that games need our help, we have good platform for them, and they will be created with or without our focus.

⛓️Konstantin

🪙Gheis

-

💊Sahil

Negative = not qualified to opine or lack of actionable insights (DeFI, Games); Positive = Skin in the game

⏳Zi

-

💻Aaron

OpenSea has been Ethereum no1 gas guzzler for the few past months (based on Etherscan). Web3 main activities (people who are willing to pay) have been around NFTs. Top 20 OpenSea collections are where NFT collectors focus on. 50% of the top 20 NFTs are related to games and metaverse (e.g., Yuga Labs Otherside, Nike RTFKT OnCyber). 1-2 DeFi exchanges per chain may be enough. Games are important but game tokenomics and NFTs may be more important. Game Shard can be its own branded chain but it needs a NFT marketplace (with collateral lending) to support web3 game activities.

⚛Jackie

Waaa? -90% for DAOs from Devin?!?! Isn’t he on the DAO Ops team? Okay — so I think DAOs should be better defined as companies with revenue-drivers, and our budget should be greatly reduced to reflect the greater examination we will be beginning. (Please see my 1-pager under 10x Yes)

📖Devin

We’ve seen the greatest value locked come to Harmony through an incredibly successful on-chain game: DeFi Kingdoms. From observing our past successes, we must ask: What has drawn in the most user adoption? What is most attractive to users? Entertainment. Ownership. NFTs. Gaming. A way to have fun & earn. Especially now that blockchain technology offers individuals the ability to play-to-earn, gaming is vital to encouraging user adoption. We should seek out professionals to build more successful on-chain games. Additionally, I see the 1Wallet being very impactful when it comes to user adoption, as well as DAOs (if we can successfully restructure the DAO ecosystem and execute properly).

🐇Rachel

I don’t believe we should scale back on any current adoption strategy but should absolutely refocus. I ain’t trying to lose my job or nothin’ (lol), but DAO’s are too new and I love what Z mentioned at our previous office meeting. “2 steps early you’re the martyr, 1 step early you’re a pioneer” (something along those lines). Harmony should be focused and ready on creating a DAO infrastructure so when the inevitable DAO takeover comes we are ready for it. In the meantime; NFT’s, Games, and frictionless wallets are huge adoption strategies.

🐐Mikey

I love the DAO initiative, I just believe it should be a slow burn and focus on curating a few SUPERSTAR DAOs that can we model from and mentor new DAOs. Wallets are good, but once people have money in their wallet, what are they going to do? Sound DeFi products will bring the money. The money will bring the hype. The hype will bring the people. I will put a caveat on NFTs... if we can develop mobile minting of NFTs, I think that is 10x for adoption as every event will onboard people with assets on chain. Take a selfie, mint, boom- hooked. Games have proven themselves on Harmony, lean into it hard.

🚜Demetre

I agree the DAOs needs to deprioritize to focus on areas that are currently strong and driving adoption

💿Kelly

Radical social change. What does that mean? I think this is the opportunity where Defi + DAO intersection with easy wallet integration. Games will be built and is usually chain agnostic. Users will follow great games. Harmony’s infrastructure already supports that. But what will drive impact to Web 3 is easy and fun Defi (maybe Defi + Game = GameFi) and the application of DAOs. That being said - DAOs are at an infancy stage and it is incredibly difficult to manage and coordinate, especially with the lack of guidance and infrastructure to support. However, in a few years time, with the right DAO tooling, governance and the right focus on self sustainability - DAOs will explode and gain popularity. This means that we should still focus on DAOs but be selective in funding those with strong use cases. DAOs may take a while, but this is an area of untapped opportunity.

🌟Novell

🦋 Amy

For me, the underlying question is: what will drive meaningful transaction volume and user adoption? DeFi, NFTs, and Games have emerged as the most successful use cases for this, and a well designed and implemented wallet is helpful for bringing users in (weighting attributed accordingly), but I think adoption decisions need to be driven by understanding the potential for impact, with alignment to one of these categories as a secondary consideration. I view DAOs as a means to an end, and one that is still in early phases. Onboarding DAOs for projects that would not otherwise contribute to transactions or onboarding should be deprioritized; I see the investment in DAO tooling as an investment in the future, but one which should be decoupled from immediate user acquisition strategies

🤖Eric

defi: we have top defi exchanges on harmony, all we need is to support them; nft: should be a great add-on to our idea to grow through games; dao: i see the great strength in local/regional daos, but let’s avoid our previous approach when we ask for 5 deliverables, instead of that let’s leverage them to become a self-sustainable local harmony “embassies” in a specific country/region; games: sounds the best way for onboarding new users to chain for the moment; wallets: we should have wallets that close specific needs for our users, this is not about having the only 1wallet for everyone, because other wallets have theirs communities and can serve as a door to new ppl for one.

♒Nick

I would add enterprise adoption to this list. There are very specific use-cases focused on privacy and standards that enterprises are looking for which we can provide on the harmony platform. 2 second finality is awesome and we should definitely push this for enterprise use-cases. While we do have a lot of negativity towards DAOs we shouldn’t give up on them. The negativity is strongly around our funding model and our approach to DAO approvals. DeFi and games seem to go hand-in-hand. Consider DeFi beyond porting over and launching existing platforms. Our biggest success so far was Defi Kingdoms and this was such a fresh unique approach to gaming + DeFi. Consider DAO + DeFi or enterprise + DeFi. Our multi-chain bridge for NFTs is valuable; I think we could offer a bridge for NFT minting (latest BAYC minting was hyper expensive and caused a lot of problems, we could leverage that) I think wallets is key at this point to make lives of users better. Everyone is eagerly waiting for the 1wallet to roll out and having our own wallet is valuable to our identity

🧑‍🍳 Victa

🐙Sergey

📱Tejassvi

Gaming is a tech agnostic industry, as long as a game is good and engaging people will play it, regardless of what kind of tech runs underneath. It’s a great industry to foster user adoption even among those who are not crypto users yet. NFT and DEFI are great to attract a regular crypto user, someone already familiar with crypto. However it won’t get us lots of new non-crypto users.

🏔Diego

I don't think everyone has the ability or energy to participate in the DAO. NFT and GAME could be hot spots in the next bull market, but I think they also need DEFI support.

🏓Xiaopeng

🥤Jeremy

🍩Bruce

🚛Mohamed

🛫Tahir

🎯Hochung

Everybody seems to be doing DeFi - I don’t think the world needs more of it, and the train may have left the station to some extent. NFTs, in their widest definition, and Wallets, if/when built for normies, are in my mind what can help power up the onramp through an easier user entry point [the former being the what/why, the latter the how/where]. I am also a believer of DAOs and Gaming providing really interesting use cases for Web3 twists on the power of community (“new startups” for DAOs and “new multidimensional entertainment” for the latter) — but I have yet to see an example of either that truly stood out to me or went beyond the pure initial buzz of early-mover on a new tool.

💣Paola

Double down on striking lightning in a bottle — find and partner with the next 10 DFK’s. Allow wallets to integrate and benefit from our next gamefi projects.

🍄Darren