Future and opportunities. Where is Caldera's valuation ceiling? Facing the upcoming 'thousand chain interconnection' era, how should we as ordinary investors and users lay out to capture the structural dividends brought by the RaaS track? This article will analyze Caldera's investment logic, airdrop expectations, and the future landscape of the entire modular ecosystem.
Let's put on our investor glasses and look at Caldera and the RaaS track it is in with a more prudent and forward-looking perspective to see how much opportunity it harbors.
Investment logic of the RaaS track: 'Water sellers in the gold rush'
There is an old saying in the investment circle: 'The most profitable in a gold rush is often not the gold digger, but the one selling water and shovels.' This perfectly illustrates the investment logic of the RaaS track.
Deterministic growth: The future of Web3 will definitely be multi-chain, with application chains (AppChains) becoming the norm. This is a consensus reached by almost all practitioners. It means that the demand for 'chain launch services' will grow exponentially in the future. Regardless of which game chain emerges or which DeFi chain becomes the king, they will likely need RaaS platforms like Caldera and AltLayer. Investing in RaaS is investing in the 'deterministic growth' of the entire application chain track.
High moat: RaaS platforms may seem like tools, but they require deep technical accumulation, strong engineering capabilities, and extensive ecological cooperation behind them. Caldera has already established deep cooperation with leading projects in the modular field, such as OP Stack, Arbitrum, Celestia, and EigenLayer, and has served star clients like Manta. This technological and ecological first-mover advantage creates a very high competitive barrier.
Value capture: The profit model of RaaS platforms is very clear. They can charge project parties deployment fees, operational maintenance fees, or take a share from the chain's Gas revenues. If Caldera issues its own Token in the future, this Token can completely empower its business deeply:
Governance: Deciding the platform's future technological direction and integration.
Staking: Project parties need to stake Caldera Tokens to enjoy services or receive Gas fee discounts.
Value sharing: Token holders can share part of the platform's income.
Ecological incentives: Used to incentivize excellent application chains built on Caldera.
What everyone is most concerned about: Expectations and participation strategies for Caldera
Having talked so much, I know the question everyone is most concerned about is: Will Caldera issue tokens? Will there be an airdrop? How should we participate?
First, it must be clear: As of now, Caldera has not announced any token issuance plans.
However, based on the following points, the market has strong expectations for its token issuance and airdrops:
Luxurious financing background: Caldera has received investments from top VCs like Sequoia Capital and Dragonfly. For VCs, project token issuance is the primary way to realize investment exits.
Industry practice: Competitor AltLayer in the same track has already issued a Token (ALT) and achieved great success. Caldera's token issuance aligns with industry development trends.
Governance needs: As the number of service chains on the platform increases, a decentralized governance model is crucial for the long-term development of the platform.
So, where are the potential airdrop opportunities?
Although there are no explicit rules, we can speculate and layout based on the airdrop logic of Web3. The core idea is to become an early and deep participant in the Caldera ecosystem.
Deep interaction with Caldera-driven chains: This is the core strategy. Manta Pacific is the best example. Early deep participants in the Manta ecosystem not only received Manta's airdrop but are also likely to be included in Caldera's 'potential airdrop user' snapshot in the future. Next, we should closely monitor what new and potential chains are using Caldera for deployment and actively participate in their testnet and mainnet early activities.
Follow Caldera's official activities: Keep an eye on Caldera's official Twitter and Discord, and participate in any community activities, testnet plans, or developer incentive programs they may launch.
Become an ecosystem builder: If you are a developer, try using Caldera's tools to deploy your own test chain, as this is the highest-weighted interaction.
From 'thousand chain interconnection' to 'intention-centric'
The ultimate goal of Caldera is not merely to become a 'chain launch factory'. It will be the core hub of the future 'thousand chains era'.
We can imagine a future like this:
Users no longer care about which chain they are using. Your wallet can seamlessly switch assets and information between game chains, DeFi chains, and social chains, providing an experience as smooth as silk. This requires platforms like Caldera to be deeply integrated with cross-chain interoperability protocols (like Hyperlane, LayerZero).
Application chains can share security and liquidity. Through re-staking protocols like EigenLayer and shared sequencer networks, small-scale application chains can enjoy security assurances and initial liquidity comparable to large L2s.
The entry point for transactions will shift from 'chains' to 'intentions'. You will only need to issue a command, such as 'use my ETH on chain A to buy a certain NFT on chain B', and the underlying Caldera and other infrastructures will automatically plan the optimal path for you, completing a series of complex cross-chain, exchange, and purchase operations.
Investing in the future means investing in those infrastructures that can define the future. Caldera is such a project. Through RaaS services, it has significantly lowered the innovation threshold of Web3, opening up an era of explosive growth in application chains.
For us ordinary participants, understanding the value of Caldera and actively engaging in its ecosystem is not just about vying for a possible airdrop, but rather about standing at the forefront of the next wave of Web3. Please keep an eye on the RaaS track and the latest developments in modularization, as here lies the immense energy that is nurturing a transformation of the entire industry landscape.
@Caldera Official #Caldera $ERA