TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-10-14

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01MARKETS & BUSINESS

AVALANCHE SHOOTER 'OFF THE GRID' BECOMES TOP FREE TITLE ON EPIC GAMES STORE

"Off the Grid," an Avalanche-based battle royale shooter developed by Gunzilla Games, has reached the top of the Epic Games Store's free-to-play games list, even surpassing popular titles like Fortnite. The game, which uses blockchain technology for trading in-game items as NFTs, is also seeing high viewership on Twitch, illustrating the potential of blockchain to improve player ownership and game economies.

decrypt.co3 min read

VANECK ENTERS CRYPTO VC SPACE, SEEKS $30 MILLION FOR FIRST FUND

Global investment manager VanEck has launched VanEck Ventures, an early-stage fund operating in fintech, digital assets, and AI. VanEck is a prominent proponent of crypto in traditional finance and was the first asset manager to file for a Bitcoin ETF in 2017.

links.tldrnewsletter.com7 min read

02INNOVATION & LAUNCHES

ITHACA, A PARADIGM SPINOFF BUILDING A LAYER 2 ‘FROM THE FUTURE'

Crypto venture capital firm Paradigm announced that its CTO and General Partner, Georgios Konstantopoulos, will serve as CEO of the company. He will help build the full stack of products and tools that developers need to ship faster and that consumers need to have less and less friction. The Odyssey L2, built using Reth and the OP Stack, is live on testnet. To stand out in the competitive rollup space, Odyssey will first implement features from Ethereum's roadmap, including better smart contract wallets to reduce user onboarding friction.

links.tldrnewsletter.com5 min read

YOU DON'T UNDERSTAND THE IMPLICATION OF RESTAKING IN LAYERZERO

LayerZero's Restaking DVN Framework built on EigenLayer introduces “Protocol Aligned Interoperability” by allowing protocols to integrate their tokens and governance into omnichain security infrastructure. It enables protocols to stake collateral to secure cross-chain communication and expand their influence beyond their infrastructure across multiple chains. Slashing conditions and trust assumptions become far more transparent. While this is promising for security and customization, the real-world implementation remains to be tested.

4pillars.io18 min read

03GUIDES & TUTORIALS

ARTHUR HAYES: PVP

Recent crypto token launches have underperformed for retail investors. Data shows that listing on CEXs does not guarantee price appreciation despite high listing fees. Projects have been launching at inflated valuations, benefitting VCs but harming retail investors. Founders should prioritize lower initial valuations and user growth to create a stronger and more aligned community. A DEX-first approach with gradual CEX adoption is one option to create value for users and token holders before VCs.

links.tldrnewsletter.com20 min read

L1 & L2 TOKEN VALUE CAPTURE

This article introduces new financial metrics for evaluating crypto networks, including Total Economic Value (TEV), Real Economic Value (REV), and Token Holders' Net Income, emphasizing the distinction between network economics and token holder economics. It challenges common misconceptions about network profitability, particularly regarding proof of stake issuance, and indicates that L1 and L2 networks have similar profitability calculations for token holders. While the article focuses on income-generating aspects of blockchains, it also acknowledges additional value capture mechanisms like utility value and store-of-value properties, highlighting the complexity of a comprehensive and quantitative token valuation.

links.tldrnewsletter.com60 min read

04MISCELLANEOUS

HAYDEN ADAMS ON UNISWAP'S FUTURE

The Uniswap team is tackling the complex issue of user onboarding in a multi-chain DeFi environment, aiming to preserve the simplicity and interoperability that existed when DeFi operated on a single chain (Ethereum). They are developing comprehensive solutions across the entire tech stack, from front-end to smart contracts, to accelerate DeFi's growth and maintain its open, seamless nature.

threadreaderapp.com2 min read

ETHEREUM VS. SOLANA

Ethereum's extensive network effect (80% of crypto developers work in the Ethereum ecosystem) enables a competitive advantage over Solana, which, despite its high market cap and speed, lacks unique features and faces threats from both quicker low-cap L1s and Ethereum's Layer 2s, making ETH a safer long-term investment in the smart contract space.

threadreaderapp.com1 min read