Crypto V believes that the problem with non-financial applications in cryptocurrency is not the lack of mass adoption, but the lack of demand for crypto-native services. It’s not that the products are not good enough, it’s that the users are not ready yet. He thinks that the best on-chain social network is not Lens Protocol, but Dune, and the best decentralized game is not Dark Forest, but Uniswap.
First of all, the “best” referred to here needs to meet the following three criteria: 1) still alive; 2) still active in user logic and may generate fees or transaction volume without the expectation of asset issuance; 3) the product meets the essential attributes of social networks or game products (note that it is essential, not just looking like it). To put it bluntly, there has yet to be an innovative product in “Web3 social” products. Lens has more than 110,000 profiles to date, but transaction volume and daily users are declining. We can see that Lens is having a hard time maintaining the daily activity of its existing users except for the airdrop expectations. The reason for this is: what breakthrough scenarios does Lens offer that Web2 counterparts cannot do?
Why Dune is currently the best crypto social product: 1) demand: looking for Alphal to observe on-chain data, data = money, which does not exist in Web2; 2) users: the entire Web3 is looking for Alpha; 3) creators: creators use Dune tools to create dashboards, and the data itself is objectively valuable; 4) matching: no feed, keyword search, weighted by star rating; 5) at least it has achieved a level of specialized socialization equivalent to Github and has no Web2 counterparts. Crypto socialization should not serve the user population and needs covered by Web2 products. Crypto socialization is based on the market of information/data gaps. Just like Dune, turning dashboards into commodities and subscribing with credit. Even in the future, when credit turns into coins, it will be Dashboard2Earn with the wizards.
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The same logic applies to games, even to the entire chain games. Dark Forest is great, but it is really a small-scale geek game. However, do you really think that a player who plays Clash of Clans, LOL, GTA5 really cares that “you can permanently own your props, they can be combined, and you can decide the development of the game because the game engine is on the magical blockchain”? Why is a game fun? Because of the unknown. So what kind of game will always be fresh? Gambling. The reason why gambling is fascinating is not just because of the ability to win money, but because of the excitement. Complex mechanisms, cool visual effects, may be the sufficient and unnecessary conditions for “a game is fun”.
Have you ever thought about why the variety of casino games has been the same for thousands of years? Because they have an objective, almost 50:50 fair win-loss judgment mechanism, an infinite possibility determined by probability, allowing skill to influence the result, and the mechanism has been tested for a long time. Sitting on the gambling table is the highest honor of a game because this game is not only fun, but also has consensus. Consensus is greater than everything, and on-chain transactions are the most consensual game. Applying this perspective to Uniswap: the game engine is fully deployed on the chain; the game’s win-loss rules are absolutely objective and transparent; there can be unlimited gambling tables, each table with different styles (transaction pairs) is tense and exciting; 24/7 uninterrupted; diverse strategies (rush to the dog, scientist, add LP); rewards are settled on the spot. Keep them high for the first time in the virtual world of adrenaline peaks in Crypto “players”. I believe this is the primary issue of the entire chain game.
Reference: https://twitter.com/thecryptoskanda/status/1677517118114529280
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