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Author: qiao Wang, co -founder of Alliance; Translation: Bit Chain Vision Xiaozou
The following is some cryptocurrency start -up ideas and themes that AllianceDao feels excited in 2024.This list has two purposes: encourages the builders to apply for joining our community and get funding; if you are not sure what to build, you can inspire you.
1As well as“Real world“Financial application
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(1) Encryption payment
Stabilizing currency is the first and the biggest non -case cases of cryptocurrencies.
According to the report of Brevan Howard Digital, “in 2022, the settlement amount on the chain of stable coins exceeded US $ 1.1 trillion, crushing PayPal’s settlement amount ($ 1.4 trillion), surpassing VISA’s payment amount, reaching 14% of the ACH settlement amount of the amount of ACH settlement amount”” “People think that cryptocurrencies have not found a killer case in addition to transactions, which always confuses us.
We believe that encrypted payment startups should not compete with companies such as Venmo or Revolut.On the contrary, they should find and focus on user groups that owe services, such as traditional banking industries (usually taboo industries) or cross -border payment.
For example, we are particularly interested in the stable currency payment application of Latin America, Africa, Middle East, South Asia, and Southeast Asia. In these areas, the depreciation and review of fiat currency are even more common.We have obtained a lot of data insights from the conversation with the startup, showing that the adoption of stablecoins has appeared in the world’s regions.
(2) Developing countries“CurrencyP2P “or“Local Bitcoin“
However, in order to allow encrypted payment to use consumers in these areas in the world, it needs to solve the problem of the last mile, that is, the entry and exit channels between the local fiat currency.Otherwise, the receiver will not be able to use payment in “real life”, and the sender will be limited to encrypted aboriginal people.
There is a solution similar to the Binance P2P or local Bitcoin, of which the agent network helps to complete the in -expending gold in a point -to -point manner.
(3) New banks in developing countries
These new banks were all the rage 2-3 years ago, but few banks were able to pay attention to the strong demand for developing countries for stablecoins and income.
We are very excited about the idea of providing stable coins to consumers in developing countries.Although the market in some parts of Latin America is quite crowded, we still believe that there are opportunities around the world.
Another favorable factor is the surge (such as US Treasury bonds) in the chain, such as U.S. Treasury bonds, which makes the yields unrelated and often higher than AAVE and Compound crypto native yields.These RWAs make high -quality assets in developed countries more likely to be obtained by developing countries.
(4) Real world assets (RWA.
The current wealth on the chain is $ 1.5 trillion.Such a large -scale chain wealth seek diversity.
· Since the banking crisis in 2023, for many encrypted native organizations, the diversified assets on the chain have become an imminent problem.MakerDao is leading in this regard.
· The crypto native speculators are now rich enough, and they also hope to achieve diversification of positions in addition to high -related crypto assets.
· Consumers in emerging markets hope to have high -quality assets.Today, they have the US dollar stablecoin, which is better than their national currency, but still suffers endless depreciation.
The RWA type we are interested in includes but not limited to:
· Financial assets, such as Treasury vouchers, stocks, corporate bonds, etc.
· Hard assets such as real estate and commodities.
· Watch and Pokémon Card and other collectibles.
(5.RWAMortgage
Another role of RWA is to allow linked assets (such as real estate, treasury vouchers, or other RWAs) as mortgages.
The obvious approach is to substitute the assets and think of it as a mortgage on the chain.For example, 4K tokens, and use the watch NFT on Arcade to obtain USDC loans.When all the categories of assets in the world are on one ledger, we can greatly improve the lending experience.Any assets can be used to borrow any other assets.This was impossible before the emergence of cryptocurrencies.
But it is also possible to abandon the tokenization.Maybe only one Oracle (prophet) or less.Maker is an example.They effectively created a debt mortgage position, that is, DAI, partly supported by RWA (custodian), but their RWA positions were not to be available.
Another potential example is the RWA capital efficiency that uses funds in cryptocurrencies without the need to fully consuming.
2, Encrypted native financial application
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(1) Continuous prediction market
Most people want to continue to rise infinitely.They do not want to be limited by the discrete binary results of the traditional forecast market.We believe that the real encrypted native prediction market is actually an ordinary alternative token formation coin, such as Biden and Trump.
(2) Low mortgage loan
As the reputation on the chain becomes more and more important, low mortgage loans are possible.In fact, most of the corporate loans in Tradfi have not been fully guaranteed.
Some recent developments have made low mortgage loans more and more feasible:
· Link authentication, such as Coinbase or CLIQUE.
· ENS and other domain names are increasingly adopted.
· More and more people get regular cash flow on the chain.
A specific example of a low mortgage loan is to enable individuals or organizations on the chain to use future cash flow as mortgage borrowings.
(3)privacyDefi
Privacy can often find PMF (product market fit) in unexpected places.For example, whale users also use centralized exchanges to anonymous transactions.We even doubt that Thorchain, a cross -chain exchange, is actually a privacy solution.
In any case, we are interested in new solutions for this old problem.For example, zero -knowledge proof (ZKP) can be used for compliance verification (it proves that users are not recognized by citizens or identities in sanctions), and will not destroy anonymity.We are also very interested in other technologies, such as multi -party computing (MPC), completely the same state encryption (FHE) and trusted execution environment (Tee).
(4.RARIRestart
We have learned that many vertical fields around the world have launched their own lending platforms through bifurcation and modification of AAVE or Compound.When it comes to development, auditing and maintenance, a large amount of costs will occur.Large -scale reduction of this cost is the original theory that supports Rari Capital, which can be regarded as “AAVE/Compound fork as service”.But now, because of hacking, RARI no longer exists, and now has the opportunity to fill this gap again.
(5)forDAOProvide mergers and acquisitions investment banking services
In 2021, Fei Protocol merged with Rari Capital.This will not be the last DAO merger we see.There will be more DAOs in trouble, and more DAOs will want horizontal or vertical mergers and acquisitions.Some people have the opportunity to build loopable tools (smart contracts and legal structures) to promote this process and make them more precise.
(6.NFTDerivative
NFT options, PERPS (perpetual futures contracts) and futures can help NFT holders hedge their positions, or only speculate the price of NFT.
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Due to the non -fluidity of the target, the index price is difficult to calculate and easy to manipulate.Therefore, the derivatives of the real settlement may be the correct design choice.
(7) Big brokerage business
Capital efficiency is limited by the following actual situation: there is no agreement to discuss each other in risk.PERP Protocol A does not care whether you implement a hedge on borrowing agreement B.
One way is to focus assets into a large account of each agreement.Create an accounting layer to handle the risk of each customer account.Is there a better way?
3, Non -finance or semi -financial application
(1) All -chain game
The game on the chain refers to a game that writes the entire game status and game logic (not just games such as currency and NFT) into the blockchain game.
Look at TIC-TAC-TOE.The concept of the round, a 3X3 chessboard, player and three -child connection skills must be recorded as rules and will never change.The player’s operation history must also be recorded.On the other hand, the color of chessboards and chess pieces, the shape of the chess pieces (x and O can be turned into Y and Z), animation, sound, etc. can be stored on the client.
Putting all states and logic on the chain, you can unlock various new behaviors:
· Play games by smart contract players (play with human players).One of the earliest examples is actually MEV in DEFI.The transaction is a game game, and the MEV robot is a player based on smart contracts.Please note that in this case, players based on smart contracts not only compete with each other, but also compete with human players.
· Create a game MOD by a third -party developer without worrying that the platform will be destroyed.MOD is the lifeblood of Web2 games. Many enduring games start from MOD (such as DOTA 2, Counter -Strike, and PUPG).However, due to the permission of Web2 games, MOD developers are restricted by the original game company.In fact, many games either exit the platform or have never started Modding because they are afraid of being forced to withdraw from the platform.
In the end, the game company may become game publishers.Throughout the history of Web2, it is likely that the first successful chain game engine will come from a successful chain game company.Think of Unreal (engine) and Epic Games.In the same way, the first successful encrypted game publisher may also come from a successful encryption game company.Think about Steam and Valve.
(2) Social network on the chain
The winning Web3 Twitter will eventually provide the features that we have been looking forward to: the data that users have, no client diversity brought by the license characteristics, and the characteristics of/or anti -speech review.
There is only one problem.If there is any revelation in history, then the first successful Web3 Twitter is unlikely to plan to be the next Twitter from the beginning, or it looks like Twitter.Perhaps web3 Twitter will start with a game, a DEFI super application, or some novel, unreasonable or even ridiculed form, or too departure to make many people feel uneasy.The more strange or controversial your product, the more people want to try it!
(3) Anonymous social network
A specific example of an online social network is anonymous social network. Personally use zero -knowledge certification to verify identity. For example, they are employees of Company X or have net assets that exceed Y dollars.Anonymous gossip is always very popular.Recall the early Internet Ratemyteachers Teacher Comment Network.
(4) Personal token
Although the experiments such as Bitclout ended in failure and ended in the farce of FRIENDECH, the concept of personal tokens was fundamentally novel because it enabled people to speculate a new, large -scale asset category.We hope that this idea can further develop in the future and find the product market fit.
The most interesting part of Friendtech is not Alpha sharing, private groups or social networks, but that it solves social consensus.Suppose 5 people create 5 different ordinary ERC20 tokens, called Vitalik, which one is “real” Vitalik tokens?Friendtech logged in to solve this problem by requesting creators to log in by their official Twitter account.In this way, social consensus was resolved.
In other words, Friendtech combines the two unrelated concepts into one: Alpha sharing and token speculation.If we separate the two, what will happen to the personal tokens?Alpha sharing has existed in Web2 in the form of Substack, Seekingalpha and Telegram paid group.
(5) Creator and luxury brand
For these user groups, the blockchain can basically act as two roles.First, they can be a factory for digital original production products.Image -based NFT (for example, PFP and generating art), language -based NFT (such as novels) or audio -based NFT (such as music) are examples of digital production.They provide new ways to monetize their brand and artistic strength for creators and brands.For buyers, these NFTs are speculative collectibles. For early adopters, these are underestimated carrots.But creators/brands can also decide whether to provide exclusive access rights and version taxes.
Secondly, they can be a database that can be redeemed for physical products.For example, a pair of Nike sneakers can built a physical chip connected to NFT numbers.Some people call it “PHYGITAL” and some people call it “Digital Twin”.You can even think of it as “RWA”.The reappearance of the physical commodity is a new channel that attracts customers/brands to attract customers. Customers have a strong guarantee for counterfeit products, and assets themselves may also use the existing DEFI/NFTFI infrastructure (such as loans).
We are very interested in those startups that start from specific creators or brands vertical fields, and we will help them provide new experiences for customers.The narrower the vertical field, the better.
(6.10K PFP
Although PFP is so simple, it may still be the main NFT category for a period of time.The key point here is that these NFTs already have large distribution channels, that is, Twitter and other social networks. NFT holders can use their Punks or Pudgys as their PFP.
Let’s compare PFP with game NFT, Music NFT and other NFTs.The game NFT requires new games to provide native support for their construction and large -scale, or need existing popular games to accept them.Music NFT did not receive support from Spotify, YouTube Music or Apple Music.You can show off your generation art NFT on Twitter, but this requires a tweet to do it, and this tweet will be overwhelmed after 24 hours.But your PFP continues, every time you tweet, or whenever someone visits your personal homepage, it is there.
PFP is the most boring and exciting category in NFT.
(7) Get habitual development application
Stepn has shown that token incentives can effectively inspire people to develop healthy habits.This may include running, sleep, meditation, dieting, or learning new things.Some studies have shown that it may take 18 to 254 days for a person to form a new habit, and it takes about 66 days average.For many people, it may be difficult to overcome the initial obstacles, but economic incentives through token forms may allow people to have the motivation to adhere to new habits and make them a part of never disappearing in their lives.
(8.DAODigital country
The final ending of cryptocurrencies will include weakening state power as the role of human basic organizations.
Cryptocurrencies enable us to realize property rights through encryption, achieve constitution and laws through smart contracts, realize taxes through tokens, realize national currencies through cryptocurrencies, realize transparent decisions through decentralized governance, and achieve international trade through DEFI.
The idea is to start with an online community. The community members have common interests or faiths, the community has a carefully designed governance structure, and has the way to have economic growth.Most DAOs have not realized this, but they are actually developing into digital countries.
(9) Decentralization science crowdfunding
One of the biggest problems that plagued the scientific community is the lack of funds.Lack of funds from scientific discovery risk and speculation.However, encrypted capital is pursuing risks, holding an open attitude towards new speculative ideas, and a huge scale of capital.Our idea is to make both parties match.
Although the “ICO” is not well known, fundamentally speaking, it is one of the largest unlocking methods for cryptocurrencies.
(10) Decentralization23andme
Another main challenge, especially in the field of sanitation, lacks enough data sets to test science assumptions.There may be a solution for this problem, that is, the use of tokens to inspire individuals to contribute health data for scientific research and drug development.
For example, individuals can share their genotypes and phenotype data, create a decentralized version of 23andme, and participants will be rewarded for their contributions.Another example is the physical activity data, heart rate, sleep data and other types of physical activity data collected by wearable devices.Universities, hospitals and pharmaceutical companies can visit these data through research and commercial application markets.
(11) Open market -oriented scientific publication
Another future idea of decentralized science is to use the original words to subvert scientific journals.These journals are traditionally managers and communicators of scientific research.However, curators are often troubled by improper motivation, and distributors often need to pay.Perhaps cryptocurrencies can help create open, market -driven scientific journals.For example, each paper automatically comes with a predictive market for researching integrity or theoretical recommendations into the actual results.
(12) DecentralizationGLG
A consulting network like GLG (annual income of $ 650 million) is a popular way for people to request very specific experts. These experts cannot work as full -time professional consultants, but they are still valuable insights.These networks are strictly monitored and regulated, restricting network value, and have a general chilling effect on products.Crypto social networks like Friendtech have appeared, which at least shows the possibility of sharing professional knowledge in niche thinkers.We believe that cryptocurrencies have the ability to protect privacy, anti -review and value transfer, and are very suitable for reshaping the field of professional consulting.
4, Infrastructure
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(1.Depin
Tokens have proven to be a phenomenal mechanism that coordinate large -scale human activities.We are very interested in startups using tokens to motivate people to carry out the following construction:
· Telecom network
· Clean energy infrastructure
· Artificial Intelligence Training Big Data Collection
· The areas we have never thought of
This is widely known as the Physical Work Certificate (POWP) or decentralized physical infrastructure network (DEPIN).Take renewable energy as an example.Because the energy and solar energy are intermittent, it is unpredictable at some point.The battery can help solve this problem by storing excess energy to help from time to time.The more batteries connecting to the public energy network, the more useful.PopW/DEPIN network uses tokens to encourage every household to deploy their batteries and concentrate them together for later use.
(2)confrontationAIDeep fraud
ChatGPT may snatched the limelight of generating AI models focusing on generating pictures, audio and videos.However, these models can currently produce realistic deep fraud.Recently, the Drake song generated by AI is a good example, which shows what extent can these models do.Since humans are set to believe in what they see, these deep fraud constitute a major threat.Many beginners are trying to use Web2 technology to solve this problem.However, encryption technologies such as digital signatures are more suitable for solving this problem.
In the encrypted world, the transaction is signed by the user’s private key to prove its effectiveness.Similarly, whether it is text, pictures, audio, or video, it can prove its authenticity through the creator’s private key signature.Anyone can verify the signature based on the public address verification provided by the creator on his website or social media account.The encrypted network has constructed all infrastructure required for this case.Many well -known venture capitals and hackers have associated their existing social media Profile to encrypted public addresses, which brings credibility to the use of digital signature as a content certification method.
The product we want to see is an agreement that can integrate with existing social networks. When the creator publishes and signed a content, the agreement will automatically verify the digital signature.
(3.ZkpHardware accelerator
Professional hardware companies, which are ahead of specific cases and established early market positions, will eventually become very valuable companies.NVIDIA has become the highest market value in North America with its focus on artificial intelligence hardware, which shows that this is indeed the case for artificial intelligence.The same is true in the field of Bitcoin mining. Bitmain, Canaan and WhatsMiner have become unicorn by focusing on ASIC mining machines.Companies designing and manufacturing efficient ZKP hardware accelerators will follow the same development trajectory.
(4)dedicatedZkComputing network
The current zkrollun (such as ZKSYNC and Starknet) are common.However, it is possible to create a dedicated zkrollup to use a faster and cheaper ZK circuit.For example, if an application is a DEX -based DEX running on Zkrollup, then it only needs to execute the circuit created, canceled and matching.In this case, the ideal Zkrollup should be optimized for these operations without any other thing.
Another example is the AI computing network settled on the chain.Because AI reasoning may be too expensive and cannot run on the chain, they need to run under the chain.But how do you prove that the model is running correctly?By optimizing special ZKPs that are optimized by using operations such as matrix multiplication.
(5) BitcoinL2andMEV
Although we do not know whether the Bitcoin L2 can inherit the security assumptions from the bottom L1 without a fork, we are very interested in adding more expressions to the smart contract function on Bitcoin.The point of view is simple.Bitcoin has wealth worth $ 1 trillion, at least some Bitcoin holders want to use Bitcoin to do some fashionable, interesting or effective things, not just satisfied with the holding Bitcoin.To achieve these cases, Bitcoin needs a more programmable layer.
Many of the existing and upcoming Bitcoin L2 are committed to maximizing to the Bitcoin L1.One method is to use Bitcoin L1 to achieve data usability and entrust L2 transactions to Bitcoin miners.This means that the extraction of MEV will be in the hands of the miners.Similar to Ethereum, there is a chance to build a large company similar to Flashbots to cooperate with miners to sort transactions or execute bitcoin trading packages in some way.If the Bitcoin L2 wants to become a reality, then companies that build the L2 MEV extraction platform that dominate the position will easily become unicorn.
(6.SolanaInfrastructure
We are optimistic that the single method of the Solana engineering driver can be an alternative to the modular method of the Ethereum modulus research.However, Solana’s infrastructure is still in its infancy.There are potential opportunities to build better development tools (for example, solana’s Foundry), smart contract wallets, block browsers, data indexes on the chain, and other areas we have never expected.Solana infrastructure developers have the opportunity to build a tailor -made construction for Solana, while learning lessons from the past errors of other chains.
