ayyyeandy
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Once you own digital property (digital assets, art, music, skins) you understand the need for blockchains.
Digital property deserves rights in the same sense physical property has them.
Digital property deserves rights in the same sense physical property has them.
Spoke to a large fund of funds manager yesterday about market makers, here's what I gathered:
1. The opaque-ness of these market maker deals is causing new friction when underwriting what would be otherwise great deals. They lack insight into these specific internal agreements when writing checks and now are thinking about new procedures for types of MM agreements they will "ok" in the future.
2. OTC screenshots, slack message grabs, and document reveals from anon accounts are causing them and their LPs to be more careful in their dealings. Tightening up the shop is how you could think about it.
3. Broadly speaking they view MMs as a necessary force in the price discovery of assets on CEXs, but the agenda has shifted away from sketchy deals. "The gig is up" type vibes. Less % allocated to MMs, far clearer terms, new practices. We've seen several top tokens nuke -80% in a matter days as of late, which is concerning for investors who aren't in the loop as to what's happening behind the scenes.
1. The opaque-ness of these market maker deals is causing new friction when underwriting what would be otherwise great deals. They lack insight into these specific internal agreements when writing checks and now are thinking about new procedures for types of MM agreements they will "ok" in the future.
2. OTC screenshots, slack message grabs, and document reveals from anon accounts are causing them and their LPs to be more careful in their dealings. Tightening up the shop is how you could think about it.
3. Broadly speaking they view MMs as a necessary force in the price discovery of assets on CEXs, but the agenda has shifted away from sketchy deals. "The gig is up" type vibes. Less % allocated to MMs, far clearer terms, new practices. We've seen several top tokens nuke -80% in a matter days as of late, which is concerning for investors who aren't in the loop as to what's happening behind the scenes.
To all the NYC frens:
I’ll be moderating the panel "Bringing Real-World Assets On-Chain" with @alpackaP, @liamdig, and @naman_kapasi in the SOON Track Room @soon_svm @SolanaConf on May 19 in NYC, exploring the next chapter of the SVM.
I’ll be moderating the panel "Bringing Real-World Assets On-Chain" with @alpackaP, @liamdig, and @naman_kapasi in the SOON Track Room @soon_svm @SolanaConf on May 19 in NYC, exploring the next chapter of the SVM.
Hyperliquid.
The largest crypto M&A deal happened last week when Coinbase acquired Deribit.
Who's next?
Who's next?
Using my @ether_fi card for subways in NYC is so easy & I can borrow against my ETH to pay for it.
Fundamentals matter.
Fundamentals matter.
Investor chats are buzzing again.
This is alt season.
This is alt season.
The Rollup TV is not a podcast.
It's our shot to be a crypto-native, new era Bloomberg. This is where media is headed going forward.
It's our shot to be a crypto-native, new era Bloomberg. This is where media is headed going forward.
BitMEX rekt trollbox needs to come back to most apps.
Liquidations, trolling, and a buncha degeneracy onchain.
Liquidations, trolling, and a buncha degeneracy onchain.
The level of mass scale we reach this bull market will hammer home one thesis more than any other:
Horizontal scaling is the only way to match the internet level scale we all came here for.
Horizontal scaling is the only way to match the internet level scale we all came here for.
Hot take:
Only 10% of the current projects today will survive the next bear market.
Only 10% of the current projects today will survive the next bear market.
Market pumping.
Setting up the first pod in the new studio.
The Rollup TV is live.
Hosting a happy hour in NYC next week.
Bullish.
Setting up the first pod in the new studio.
The Rollup TV is live.
Hosting a happy hour in NYC next week.
Bullish.
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