Web3 Unlocked cover

Thank you for reading Web3 Unlocked. For your convenience, all links referenced in the book are collected below. If you would like to read it on Google Books, you can find it here. Enjoy!


Page 21:

gradually

a massive network of computers talking to each other

which led to the creation


Page 22:

google.com

a researcher at CERN

building the fundamental rails

free from licensing fees


Page 23:

connection of independent machines in different places


Page 24:

arrival of the first Internet Service Providers


Page 25:

the bubble burst

survived the crash

opposite

The focus shifted entirely to the end-user


Page 26:

VCs invest in


Page 28:

two biggest advertising agencies

they were listening to our private conversations

Cambridge Analytica scandal


Page 29:

trace back

cypherpunks

solved


Page 30:

Nakamoto Consensus


Page 31:

community ownership

ETH was trading at $750

ICO boom of 2017


Page 32:

Statista

DeFi Summer


Page 33:

approval of spot Bitcoin ETFs in the US

they have evolved


Page 34:

Compound


Page 35:

divest its U.S. operations or face a ban


Page 36:

undisputed success


Page 37:

are solving this problem


Page 38:

Snaps

intents


Page 39:

failed to deliver on its promise


Page 40:

The vision

Animoca Brands


Page 41:

like foundations or LLCs in forward-thinking jurisdictions


Page 43:

an estimated 1.4 billion people worldwide without access to basic financial services


Page 47:

they pay a fee


Page 48:

federal tax

a historic transformation

digital nation’s GDP.

secure, programmable block space


Page 51:

known as

EigenCloud

marketplace


Page 52:

Dan Smith


Page 53:

burned

by over 99%


Page 54:

Ethereum Foundation

pays for its security from within


Page 55:

complex wealth transfer within the ecosystem

destroyed

battle


Page 56:

much activity now on Layer 2s

a very low rate of inflation


Page 57:

Blockworks

29% of all ETH staked

provocative phrase

ultra-sound money,

its supply is fixed


Page 58:

EIP-1559

The Merge

Blockworks


Page 59:

Ultrasound Money


Page 60:

organization’s focus is sharpening

Pectra upgrade

Fusaka

introduce


Page 61:

collapse


Page 62:

came in January 2024

net

price jump

bitcoin’s halving event

surprise

further impacted

network outages


Page 63:

play a critical role

meme coin BONK

lagged behind

Will Solana surpass Ethereum?


Page: 64:

Florin Digital


Page 64:

abandoning Bitcoin-like energy consumption

main priority is providing a secure, neutral foundation for Layer 2 chains


Page 65:

reduced Layer 2 transaction costs to one-tenth

sankin


Page 66:

eventually launched in July 2024

offers institutional investors additional appeal

ensuring mining remains attractive

momentum

a surprise regulatory approval

delivering inexpensive yet secure environments


Page 67:

marketplace from another

interoperability

immutability


Page 68:

faster

transaction fees rise in a dynamic auction


Page 69:

pivoted

four distinct jobs


Page 70:

publishing the data

Solana

Solana

high-performance hardware


Page 72:

cut data costs


Page 73:

Sustained volume on networks

alternative data availability solutions


Page 74:

Dencun upgrade slashed costs


Page 75:

Billions have been lost in hacks

solution on the horizon

zero-knowledge (ZK) bridge


Page 76:

known as ERC-4337


Page 77:

26 million smart accounts have been created

Pimlico

Biconomy

NEAR


Page 79:

Socket


Page 81:

Decentralized Autonomous Organization

organization


Page 84:

natural evolution from a centralized team to a decentralized community


Page 85:

governance rights

would risk the token being classified as a security” under U.S. law”

special privileges


Page 87:

playbook

Cayman Islands


Page 89:

Despite these growing pains, they represent a radical experiment in human coordination


Page 92:

anonymous teams

decentralization


Page 94:

just 11 people


Page 95:

now often use a SAFT


Page 96:

The Block Pro Research - 2024 Blockchain Venture Funding Recap (subscription required)


Page 98:

offers a detailed summary


Page 100:

Capital Developer Report 2024 Page 9)


Page 101:

Electric Capital Developer Report 2024, Page 12


Page 102:

Electric Capital Developer Report 2024, Page 13


Page 103:

Electric Capital Developer Report 2024, Page 104


Page 104:

Electric Capital Developer Report 2024, Page 48


Page 105:

Electric Capital Developer Report 2024, Page 57

Electric Capital Developer Report 2024, Page 106


Page 106:

Electric Capital Developer Report 2024, Page 107


Page 107:

Electric Capital Developer Report 2024, Page 147

Electric Capital Developer Report 2024, Page 29


Page 108:

Electric Capital Developer Report 2024, Page 30


Page 110:

around 95% of all bitcoin already mined


Page 111:

the network transitioned to a different system


Page 115:

Wikipedia


Page 117:

Artemis

Artemis


Page 127:

DefiLlama


Page 128:

must be locked

a major rebrand

backlash


Page 130:

legislative work to create a formal stablecoin act


Page 134:

Consensys


Page 137:

Report, April 2022, Page 80


Page 139:

liquidity mining

DefiLlama


Page 141:

Nexus

a niche market


Page 145:

slow and expensive

borrow against their NFTs

code a royalty


Page 146:

fragmented

TheBlock


Page 147:

competes fiercely


Page 148:

$184 billion industry


Page 149:

this model attracted millions of users

bust


Page 151:

Ronin

Immutable X

Arbitrum Orbit

zkSync

Solana


Page 152:

LayerZero

Hyperlane

CCIP

integrating directly into the Telegram

onboarding

Sony is working on its own Layer 2 solution


Page 153:

The visions of fully immersive digital worlds

hardware problem

The Sandbox

Decentraland

Otherside

RFOX


Page 154:

Instagram


Page 155:

platform being blocked in the country

Threads


Page 157:

many projects

Lens Protocol

the influential team behind the DeFi lending platform Aave

opened up


Page 158:

Phaver

hey.xyz

migrated to its own dedicated Layer 2 network

Farcaster

breakout feature,

Frames

Nostr

Damus

Bluesky


Page 159:

10 million users

Mastodon

diverse list


Page 161:

Facebook-Cambridge Analytica


Page 163:

Civic

Ontology

SelfKey

identity protocol

Magic


Page 164:

Cambridge Analytica


Page 166:

three critical functions:


Page 167:

peaq

IoTeX

incentivize suppliers to build out the network


Page 171:

Word Economic Forum


Page 172:

Toucan Protocol

Credit Nature

EthicHub


Page 173:

connecting them

funding micro-entrepreneurs

financial services to the unbanked


Page 176:

surged to over 250

Messari


Page 178:

trace


Page 180:

a16z.ai


Page 182:

Stanford University - AI Index Report

projects


Page 183:

$465 billion into AI (subscription required)

Bond Capital


Page 185:

Ethereum


Page 186:

a16z report

generated

has quadrupled every year

has plummeted from 50% to 35%


Page 190:

AI’s Act o1


Page 191:

venice.ai

Colony

Venice.ai


Page 194:

Superprotocol

Phala

Chainlink

Morpheus

Grass

Mira


Page 197:

onto Arbitrum

distinctions

fully programmable

a company operating under the stringent financial laws of New York

obeyed


Page 198:

launching

expanded

bankruptcy-remote


Page 199:

a giant with nearly 400 million customers and over 30 million merchants


Page 201:

PayPal

PYUSD

FedNow


Page 203:

hover around 2.77% annually


Page 204:

Ethena Labs

fluctuated between 15-20%

at 18%

synthetic dollar

Ethena Labs

Ethena Labs


Page 207:

Curve


Page 209:

crypto derivatives market is not static

analysis


Page 210:

60% of that locked as

Ethena’s incredible yield


Page 212:

recap


Page 213:

all-time high

announcing

roughly $3 billion worth of BTC

Between May 7-9


Page 215:

Avalanche

partnerships with Avalanche

allocating

openly reflected (subscription required)


Page 216:

stupid


Page 217:

source


Page 219:

swept away

Zhu Su

Kyle Davies

Three Arrows Capital (3AC)


Page 220:

US approved

until a court forced its hand

locked until at least April 2023

Lido Finance


Page 221:

widened

pushed

price

lost nearly 40%

banned


Page 222:

arrested in Singapore’


Page 223:

announced

revealed

a prolific political donor

Changpeng Zhao (CZ)

announced

backed out


Page 224:

launched

bankruptcy

$32 billion in January

suddenly worthless

evaporated

sentenced

funneled

trading firm in 2017

he launched the FTX exchange

testimony


Page 225:

exchange token

FTT was a utility token

worth at least $580 million by November 2022

a single tweet


Page 226:

Voyager

Celsius


Page 229:

tremor

to fight the pandemic-induced recession

their customer deposits

hiking interest rates


Page 230:

less valuable

staggering

$620 billion

staggering

$620 billion


Page 231:

quiet exodus of deposits began

The first domino, Silvergate Bank

The third, Signature Bank

the big one, Silicon Valley Bank


Page 232:

in a public letter

regulators had seized the bank

sweeping announcement


Page 237:

cashless societies


Page 238:

superpowers

different kinds of tokens


Page 239:

ERC-20

ERC-721

ERC-1155 standard


Page 240:

an asset

standards

endless benefits


Page 242:

faster settlements and radically reduced operational costs

BCG/Ripple

the most profound benefit


Page 243:

BlackRock are already making moves

intellectual property rights

commodities


Page 244:

Tokenization of Off-Chain Assets- Presented by Avalanche and Ava Labs)

value of tokenized assets

BCG


Page 245:

legal classification


Page 246:

all the rules and restrictions

Token Generation Event

minting

custody service providers


Page 247:

obstacle


Page 250:

building an entire economy on top of tokens


Page 254:

Messari

big splash


Page 255:

airdropped

designed a sophisticated system


Page 256:

blueprint

deeper


Page 258:

Starknet


Page 260:

frameworks

elegantly simple

three main categories

access to a specific application or service

the utility token

digital wrappers

asset tokens


Page 261:

pouring over $40 million into campaigns

imploded

come in and register

czar of AI and crypto

Commerce Secretary Howard Lutnick

Paul Atkins at the SEC


Page 262:

signed

GENIUS Act

passed

regulation


Page 263:

transition period


Page 264:

$12.5 trillion behemoth

Larry Fink

dismissed

announced

dropped


Page 265:

called

described

Bitcoin ETFs were approved

rocketing to first place among all Bitcoin ETF issuers.

TheBlock


Page 266:

bring safe, yield-bearing US Treasury assets onto the blockchain

the fund invests in low-risk assets

paid out directly

Anchorage

BitGo

Coinbase

Fireblocks


Page 267:

swelled


Page 268:

predicts the market for tokenized assets will reach $16 trillion by 2030


Page 269:

sold for cryptocurrency

pioneering sale

Roofstock

roofstockonchain

Origin Protocol

Origin Story


Page 270:

USDC Homes