Leader & Chief Strategy Officer at
@OnchainHQ
|| ⛓️ Web3 | 💡 Research | 📈 Marketing | 💰 Behavioral economics || Assistant Professor at the University of Lodz
Why can’t we have nice non-dollar stablecoins? 💸
The US Dollar dominates the global economy, but it’s nowhere as visible as in the stablecoin world. The main reasons?
A thread 🧵
Why DeSci may be the most promising Web3 use case you've ever witnessed?
Two months of work on the recent
@OnchainHQ
's “DeSci – (How) Will It Make Research Great Again?” report resulted in quite a lot of expected, surprising, and shocking insights.
Let me collect some for you
Are memecoins really the new NFTs of this cycle? 📈
On the one hand, PEPE, POPCAT, GIGA, or MOG serve as an obvious speculative asset replacement. They gain the most at the end of each small “green cycle” and enable wealthier investors to put their returns into riskier tokens.
If blockchain was created to improve something, science & research should be on pole position. Then, it’s great to see DeSci space flourishing vibrantly! 🌿
A huge chunk of the sector map belongs to healthcare, the niche with the highest traction and the most working use cases.
When the market is bleeding, it’s good to look at less speculative use cases of blockchain than crypto. Such as Decentralized Science.
First, let’s state that the world of traditional/scientific research faces a lot of challenges:
💰High costs and paywalls limit access to
Now it’s time for you to shape the future of Onchain! 🎨
We’re calling Web3 and non-Web3 artists to join us and create the design of our upcoming PFP Membership collection.
Multiple perks assured:
• $500 for TOP10 artists.
• $10,000 for the best artist and the opportunity to
If Coursera or Udemy had a child with a DeSci project, it’d look like a perfect DeEd platform 🧑🎓
How such a tandem (or a marriage, in this case) would work in practice? Let’s check the main areas of intersection:
💰 Incentivized Creation & Learning: DeSci’s token rewards for
This time, we don’t ask. We state. DePIN is indeed an opportunity for Web3 to throw down the gauntlet to such players as Google or Amazon ⚔️
To back up this thesis, together with the
@OnchainHQ
Research Team, we:
- Created an overview of business models used by DePIN projects.
A massive day for the entire Web3 world has finally come. But… wait. What is this whole “Ethereum Spot ETF” about?
Let me explain how an Exchange Traded Fund tracking such assets as Ethereum works ⬇️
There is one particularly rewarding moment when conducting research on real-world applications of blockchain.
It’s when we actually discover such a use case to the (small) surprise of ourselves 🔥
As we started the research on Decentralized Science, we probably didn’t predict
Just a quick update, if you don’t mind. I officially became a Member of the Polish Blockchain Association 🏅
Besides the obvious perks of joining the most vibrant group of Polish Web3 experts, it’ll be a great opportunity to align following the purpose of PBA:
“fostering
Let’s reveal the darkest side of Web3 people’s personalities 😈
According to a great research paper by Littrell, S., Klofstad, C., & Uscinski, J. E. (2024), people who own cryptocurrencies surprisingly often exhibit such personality characteristics as narcissism or
It’s challenging to fit even 10% of the RWA space in one graphic. But what if we consider only niches and projects focused on the so-called Real-World purposes?
💡 Still a high mountain to climb. But together with colleagues from the
@OnchainHQ
, we managed to discover and rank
Yes, the numbers in the graphic are correct. We doubled the Grand Prize for artists who will design Onchain’s membership PFP 💰
📅 As we’re still waiting for a couple more submissions before making the final decision, the $20,000 prize may likely be yours. The Open Call remains
Based on the state of my feed, I guess it’s this moment of the year when it’s okay to announce the
@token2049
participation. Then, let me drop my banner as well 🇸🇬
However, this time, it’s not only about the purchased ticket. As
@OnchainHQ
, we decided to go offchain and set up a
107 analyzed Web3 AI companies, over 450 interviewed founders and experts, 8 weeks of digging, writing, and designing 👀
And here it is - our AI x blockchain report is ready for you to read, review, and discover the most valuable insights from this synergy 🔥
What will you
7/ Also, I must admit that the entire DeSci landscape looks impressive.
Not due to the number of apps – we’ll likely find more projects in other niches (hello, memecoins!). But after two months of research into this sector, I’m absolutely amazed about the real-world potential
If you’re suffering from seeing all this red on AI crypto token charts, it’s time to zoom out. The AI x Web3 ecosystem actually looks stronger than ever 📈
No matter where we look:
• Decentralized computing networks (like
@akashnet_
,
@rendernetwork
, or
@AIOZNetwork
)
• Data
Is it possible that in the midst of all this chaos we already forgot about the tokenization of the Real-World Assets?
It’d be a costly mistake. Not only due to potentially missed investment opportunities. It’s mostly about the real-world impact (pun definitely intended!) this
Onchain - the first platform to provide real-world insights from the real-world is live! 🔥
Today, together with my beautiful team from
@OnchainHQ
we launched Onchain – a project I’ve dreamt of since I joined
#web3
. Combining a passion with having the opportunity to share it
Another week, another talk about one of the most promising Web3 use cases to date 🎙️
Set a reminder for the 11th of September, 6 PM CET, as we’ll be discussing the most fruitful findings from not one, not two, but from four recently published reports on DeSci.
What’s more,
How do DePIN projects make money?
How do they spend it? And how can they make more by effectively competing with Web3 and non-Web3 competitors?
When working on a DePIN report together with bright minds from
@OnchainHQ
, we decided to check how projects from this niche operate
Why Gartner’s Hype Cycle for Web3 won’t tell you anything about the hype around Web3?
I used to be a long-time admirer of Garnter’s Hype Cycles and also adopted them a few times for various research pieces. However, it seems that the more we know about a specific industry
2/ A good intro example is
@eticaprotocol
- an open-source protocol for “medical research without intellectual property.”
• It offers decentralized funding for medical research, free from vested interests.
• Quality proposals are prioritized by token holders, ensuring system
The DePIN space has been flourishing recently, with more and more projects trying to find their place on the sector maps 🗺
Together with the researchers from
@OnchainHQ
, we categorized this space into two areas:
⛓ The Big Four - with all 4 “Decentralized something” categories
The Web3 events season is slowly coming back after the summer break. However, let’s be honest: do we really need it to return? 👀
Thursday, August 22nd, 6 PM CEST (12 PM CET) looks like a moment of truth for crypto conferences. That’s when we’ll try to reply to the question
It's time to save the date 🚨
I'm absolutely thrilled to announce that I'll be hosting our first
@OnchainHQ
Twitter Spaces! Especially since we'll tackle the topic of DePIN together with arguably the biggest names and thought leaders from this niche:
@gregosuri
from
@akashnet_
RWA Tokenized credit = a way to make the rich richer?
🌍 Actually, it’s (nearly) quite the opposite. It’s the emerging markets that benefit the most from RWA-based loans. With sectors such as carbon credits, agriculture, or even healthcare using tokenized credit most frequently.
In one of our recent reports, we stated that DePIN is a Web3 niche that can (finally!) throw down the gauntlet to the competitors from the “Web2 world” 🤺
Where are the advantages of DePIN projects, though? And would it be possible for Akash to compete with AWS?
You’ll find all
Let’s examine the AI x blockchain synergy together 🤝
Mark this Wednesday (July 17th, 6 PM CET) in your calendars! It’s time to do a “reality check” on all things AI x blockchain during our upcoming Spaces 🎧
We invited a whole bunch of Web3 AI experts to help us with this
Beautiful contest, beautiful artworks, and beautiful outcomes for us as
@OnchainHQ
💫
@aoifeodwyer
, big congrats – I'm so happy we'll be collaborating with you on the Onchain Membership PFP 🎨
However, the entire TOP10 was absolutely TOP indeed – many thanks
@KatalinaOoma
,
The Onchain Open Call - Winners Announcement 🌟
We're thrilled to announce the top 10 artists selected for the Onchain Open Call powered by
@thehugxyz
:
🏆 1st Place: Descientience,
@aoifeodwyer
👏🏻 2nd and 3rd Place:
Onchain Luminary,
@KatalinaOoma
Onchain Guardians,
4,000,000 BTC in the US reserve? Sounds like the best governmental hedge fund ever 💰
Robert Kennedy F. Jr. ensured that the USA under his rule would purchase 550 BTC per day until it reached the treasury of 4M coins, which is worth around 272.5B USD according to today’s prices.
The more we get into 2024, the higher the dominance of Memecoins becomes 📈
The popularity of various categories on
@CoinMarketCap
usually indicates where the real interest of retail investors is. And considering that Memecoins and Solana Ecosystem niches could be easily merged
Although the AI crypto market may be down (and I’d say that’s a huge understatement), its business adoption is actually happening 🚀
Based on the
@OnchainHQ
research, the most frequently utilized synergy between AI x blockchain is “smart contract auditing.” However, as this use
Roblox is now 2x larger than ANY of its gaming competitors. Isn’t this the biggest missed opportunity the world of GameFi has ever witnessed?
The CEO of Roblox, David Baszucki, teased Web3 integrations into his platform more than once – mostly referring to NFTs and collectibles.
Why do you tend to have more cognitive biases than investment returns?
❌For SEC, FCA, and other policy-makers: it’s definitely not financial advice.
✅For everyone else: it’s one of the best topics you can cover before your next 100x safe bet.
To answer the question above,
We like to say that blockchain can make a real-world impact 🌍
However, between one piece of news about Bitcoin’s ATH (not today, though!) and another on the memecoin craze, it’s sometimes tough to judge whether such a promise actually comes to fruition.
💰 Let’s look at
Can RWAs transform businesses and impact emerging markets?
Freshly baked data 📈🔔
Every day, a new report on
#RWAs
pops up on the internet.
So why bother reading another one?
.. Because we aimed to provide information that enables you to make better BUSINESS decisions beyond
Do you know what stands behind your FOMO, obsessive trading, or at least a few failed investments? Meet the survivorship bias 👋
In the world of Web3, especially in the memecoins niche, it’s easy to be swept up by stories of massive gains. But here’s the reality: it’s only
Can we quantitatively express how dreadful the Web3 market is at the moment?
Yes, someone decided to aggregate all the important metrics into one. And it turned out it’s not that bad at all.
The State of Crypto Index is an indicator introduced by
@a16zcrypto
that aims to track
How often do you get the opportunity to become a Founding Member of something? 🏛️
Maybe it has already happened to you. Maybe not. But what if it wasn’t only about the “Founding Membership” (still huge for me, tbh, but I may be slightly biased) but also about a bunch of
8/ However, is it all about the concepts, ideas, and vision? Or has DeSci already gained the traction it definitely deserves?
The first obvious set of use cases comes from academia. Centralized, conservative, and sometimes even luddite entities struggle to catch up with the
Polymarket shows no signs of slowing down, triggering a small “prediction market summer” and enabling similar projects, such as $SHFL, $SX, or $RLB, to jump on the speculative bandwagon 🚂
However, what are its users so keen to bet on?
Besides the “ordinary” US election
It’s time to judge a few talented individuals 👀
As the Open Call for the
@OnchainHQ
PFP designs is entering its main stage, it’s time to announce that I’ll be joining the jury of the contest. Focusing mostly on evaluating the fit between the artwork and the vision of Onchain 🌎
The risk of highly centralized AI is real. And frightening a bit.
❌ Single point of vulnerability
🔐 The lack of transparency
🎭 Biased model training
💰 Data / GPU power unaffordability
All these points paint a rather bleak future for the world where humans and artificial
3/ I chose
@eticaprotocol
for a reason. It’s one of the primary representatives of the medical niche of DeSci – a category that definitely dominates this space.
Basically, two-thirds of the DeSci projects we analyzed for the purposes of the report operate in healthcare, while
How to make the “decentralized AI” indeed decentralized?
Recently, there have been a lot of talks about distributed AI and less-biased training models.
🏛️ Partly due to the heated US elections.
📱 Partly due to the amplified growth of Elon’s xAI.
📉 And partly due to many
Similar to other Web3 niches, crypto AI projects also have quite a few “sub-categories.”
Based on the analysis of 107 such entities, we discovered that it’s decentralized computing power providers that still serve as the biggest group. It’s not a surprise, as respondents also
How can Web3 companies generate recurring revenue?
By applying Web2 business models 👀
Obviously, more traditional revenue streams may not suit all the projects. And it’s not the only approach Web3 companies can use to generate money. However, Sweatcoin’s example shows that
It's time to find
@michmoneta
version 2.0 👀
As I'll be stepping into more strategic roles at
@OnchainHQ
, I'm on the hunt for not only a replacement but actually a successor who'll take Onchain's research to another level.
If you're very much into Web3, have experience in both
Where does DePIN really fit? Into Teslas, it seems 🚙
Data provided by
@DuneAnalytics
shows that it’s the
@Tesla
owners who connect their car software with
@DIMO_Network
most often (with
@Kia
people not far away). Earning quite substantial rewards in exchange for sharing their
As humans, we hate losses. We hate them so much that even a 1:1 equivalent of the lost sum in the form of a reward can’t cover the deficit “mentally” 🧠
This cognitive bias called “loss aversion” (i.e., a tendency to dislike losing money more than enjoy gaining the same amount)
For anyone pursuing the so-called “Coaching Leadership Style,” there are not many things as rewarding as promoting someone to a higher role and enabling them further growth 🌱
Hence, today is a good day. I can officially announce that
@Trucksii
and
@arin_soleymani
joined the
It took a long 75,000 years before Real-World Assets were finally properly tokenized 📜
It may surprise you, but Web3 actually started with shells tokenized through the ancient Proof-of-Work algorithm. Then, we decided to use the gold standard instead, famously ditched it, and
Transactions per second on layer-2s and layer-3s spiked massively over the last 6 months 🔥
Obviously, we’re in a vacation period with a less-encouraging market sentiment. However, the increase in throughput is mostly thanks to the introduction of EIP-4844. The last couple of
Where does the AI x blockchain synergy really fit? If anywhere at all?
Well, we decided to test it and conducted a global study on both AI/blockchain experts and companies working with these technologies.
As for the current state (AD 2024), we definitely have good news for
Do you know how long memecoins live? 🐈
Well, it all depends on the bree… blockchain. Solana leads the rankings in the number of coins generated while it also serves as a place where the period of a memecoin liquidity (i.e., when it’s “alive” and able to be traded) is the
Can we already state that the prediction markets have become the “better late than never” killer app for crypto?
📱Good UX/UI (shockingly good for Web3, I should say)
🏛(Very) Favorable macroenvironment (US elections + Olympics)
😴Crypto silly season (nothing seems to affect the
5/ Interestingly, many major healthcare projects, such as
@Hippocrat_io
and
@GaleonCare
, don't focus on a specific niche but instead promote decentralized health data use in hospitals and build AI models from that data. A nice example is also
@AxonDAO
, which “builds, supports,
Let’s grow the
@OnchainHQ
a bit 📈
And thanks to the new Partnerships Manager, let’s develop it even further – as the primary goal of this role will be to expand the Onchain ecosystem and seek use cases of Web3 that matter enough to be featured in our research 🌍
Then, if you
1/ First and foremost, how does Decentralized Science differ from its older centralized sister?
DeSci aims to address several limitations inherent in traditional scientific methods through transparency, accessibility, and integrity in the scientific process.
It applies
19/ Then, even if DeSci alone won’t make the entire science and research great again, it can definitely improve these areas significantly. For the benefit of all of us.
📖 Check all the discoveries in the full report by the beautiful
@OnchainHQ
Team:
15/ Health data economy is generally a really hot topic in DeSci.
Another powerful example of such an approach is
@DataLakeToken
(Polish power! 🇵🇱), which empowers patients by handing control of their consent and medical data back into their hands.
Moreover, Data Lake goes
16/ Then, is it all blue skies and sunshine for DeSci?
Not quite. Its impact on the world outside of Web3 is indirect. DeSci improves solution-oriented research but doesn’t solve the actual problem.
9/ And it’s not only about the access to the papers. It’s about collecting and using money as well.
For example,
@Molecule_dao
, a decentralized biotech protocol, connects academics and biotech companies with streamlined funding options.
The platform enables researchers and
DePIN is unique for Web3 in the sense that it provides the industry with an opportunity to generate actual revenue 💰
Still, based on research by
@OnchainHQ
, the less “Web3-native” the business model, the greater its potential to result in relatively sustainable cash flows.
💡
A recent singing act from Vitalik Buterin during
#TOKEN2049
is actually not the first time when a CEO/Founder decided to go full blast with their artistic skills 🕺🏻
An unexpected thread 🧵
13/ DeSci x business tandem is also about the partnerships.
The aforementioned
@Hippocrat_io
collaborated with
@SolveCare_Korea
, another healthcare startup.
@SolveCare
introduced Hippocrat’s blockchain-based telemedicine solution to the Korean market and is exploring joint
1/ What hope remains for decentralized networks to challenge centralized giants? Take rates could be the subtle advantage they need 💰
As mentioned in a recent article at
@OnchainHQ
Magazine, the SoMe ad market alone is expected to reach $226.73 billion (from paid ads) in 2024.
7/ RWA infrastructure providers are already exploring local stablecoins. If, for example,
@LiskHQ
manages to implement the Indonesian Rupiah on a small scale, it may serve as a great pilot use case for other projects.
12/ Then, it’s not a surprise that some decided to implement Decentralized Science into their activities.
Let’s look at
@origin_trail
as an example. According to PRNewswire, over 40% of US imports, including companies like Walmart or Costco, are exchanging security audits using
17/ The further development of DeSci will depend mostly on its adoption rather than the amount of funding.
If DeSci principles are more broadly implemented by institutions, the industry’s future looks promising mainly because of its less speculative characteristics as compared
What is this “DePIN thing” everyone has recently been talking about?
This time, it’s not a new Web3 buzzword. We already have too many (including the “Web3” itself, to be honest).
Hence, for all the newcomers (we see you!) to the space and people who’d simply like to structure
10/ There are also some native Web3 solutions that represent other niches but focus on helping the DeSci-oriented universities and research collectives.
@BOINCNetwork
, a distributed computing system developed at the University of California, Berkeley, allows individuals to
Base weekly transactions have just recorded their ath and pipped the hype period of early September 👀
It's not the most organic growth ever seen, but let's be honest, what is purely organic in the world of web3? However, this time, Base is definitely
Sharing economy is still with us. It just transformed into DePIN.
Distributing our idle computing resources to people and companies in need looks like the most untapped Web3-related opportunity these days. Especially since some DePIN projects, such as ,
In your letters, you often ask – how was the entire
#TOKEN2049
Dubai week? Let me list a few findings for you, then:
1⃣ Jokes about Dubai floods x crypto liquidity last shorter even than the recent hype around ERC404.
–> Even Web3 memes look to be more volatile than Web2 SoMe
Silly insight time: The number of cat-themed memecoins (231, CoinGecko) is now more than 5x higher than the number of cat breeds (45, according to The Cat Fanciers' Association) 🐈⬛
I guess it's time to think about imitating $POPCAT, $MOG, $MEW, or $TOSHI in real life.
I guess you see yourself as a financially rational individual. Not for 100% of the time. But more often than not. And definitely more than an average person.
Then, which stock would you pick for an investment – the one with the ticker “TWEET” or the one called “EETWT”?
Well, I
What do entrepreneurs and businesses expect from implementing both blockchain and AI? 💰
Out of 456 respondents we interviewed for our AI x blockchain report, only 20% (well, maybe it’s not “only,” actually) had already implemented any of the synergies between these two
14/ Let’s also not forget about DeSci’s impact on individuals.
For instance,
@welsharehealth
is developing a decentralized app where users are incentivized to share their data ethically and responsibly, ensuring a fair and equitable distribution of rewards.
In exchange,
Let's talk memecoin business, Web3 psychology, and the "longevity" of crypto narratives 📣
Happy to join forces with
@pukerrainbrow
,
@KnightOnchain
,
@glebgora
,
@vortex_global
,
@0xDevEM
, and a few secret guests to discuss all these topics 🫡
⏰ Tune in at 6.30 PM CEST (12.30
11/ What about use cases beyond academia?
When conducting the survey on business representatives, we were surprised how many of them had already heard of DeSci.
Why it’s stablecoins that is currently the most real-world-oriented niche of real-world assets?
Let’s have a look at how USDC, USDT, or
@glodollar
address the struggles of emerging markets:
🏦 They fix problems related to the lack of financial inclusion. Banking the unbanked,
8/ The growing popularity of yield-bearing stablecoins may move issuers to markets where the returns (e.g., coming from offchain treasuries serving as collateral) are higher.
Stablecoin Peso may sound a bit risky, but what about PLNs (home bias detected) or other "more
AI x DePIN = a match made in heaven.
Check the latest interview with
@AlirezaGhods2
from
@NATIXNetwork
– it's a really insightful piece 🔥
And obviously, looking forward to the $NATIX launch and further growth of the entire network!