Best Twitter threads of the day – September 7th

1/ Last month we launched part 1 of the "bear necessities" series, evaluating trends that could catalyze the next bull market.

With the same framework in mind, let's assess the infrastructure trends that could catapult crypto out of the bear. pic.twitter.com/nTk3DPZuMN

— Messari (@MessariCrypto) September 7, 2022

2/ A new batch of Layer-1s seeking to solve crypto's user experience and scalability challenges.

These upstart Layer-1s are more specialized than their predecessors and can thus offer much faster execution, lower transaction costs, and specialized components. pic.twitter.com/WeUQMFIzQ6

— Messari (@MessariCrypto) September 7, 2022

3/ Modularity is gaining attention on both a functional basis and a chain construction basis.

Functional modularity, popularized by rollups and @CelestiaOrg, involves creating standalone chains to each handle a different core blockchain function. pic.twitter.com/SpHg1WQdTc

— Messari (@MessariCrypto) September 7, 2022

4/ Unlike the modularity trend, @ethereum-specific rollups all use Ethereum as the base layer instead of using a modularized base layer.

Like many of the other infrastructure trends, the goal is to make on-chain transactions cheap and scalable while maintaining decentralization. pic.twitter.com/hDGsCb9zDy

— Messari (@MessariCrypto) September 7, 2022

5/ Instead of scaling the base chain, Web3 Infrastructure protocols work by building out networks of physical services.

The thesis of Web3 infrastructure protocols is that censorship-conscious dApps will need decentralized infrastructure to power their critical functions. pic.twitter.com/5HXpOO5cmM

— Messari (@MessariCrypto) September 7, 2022

The ultimate Move article is here!https://t.co/f7P2c41xro

It's an in-depth look into Move, a novel programming language for smart contract development, and how it compares to the existing Rust-based model used on Solana. pic.twitter.com/9eaaFmHH1N

— kklas (@kklas_) September 6, 2022

It's a result of a full month worth of research and contains deep insights on Move you'll not find anywhere else.

It involved me reading a bunch of whitepapers, creating prototype smart contracts, and getting answers on the details of Move's design from @b1ackd0g directly.

— kklas (@kklas_) September 6, 2022

This article clarifies all the ambiguities surrounding Move present in the current discussion. Including what are its benefits over Solana's programming model and how difficult it would be to bring Move to Solana and why.

— kklas (@kklas_) September 6, 2022

Table of Contents pic.twitter.com/mj7lVE049J

— kklas (@kklas_) September 6, 2022

Chapter 2. is a summary of Solana's programming model while chapter 3. introduces Sui Move and its programming model. Chapter 4. then goes on to explain how the type and resource safety work in Move.

— kklas (@kklas_) September 6, 2022

The significance of Move's features on smart contract development is not immediately obvious, so in chapter 5. a more thorough comparison between Solana and Sui Move is done using real-life examples.

— kklas (@kklas_) September 6, 2022

Most NFT distribution models today are broken.
Large supply goes unminted
Extreme price volatility after mint
Slow bleed after initial hype wears out

Here's why and what we can do about it pic.twitter.com/pxQPquuBaG

— Teng (@0xPrismatic) September 6, 2022

/2 In many new NFT launches, all of the supply is released at once during the mint.

This typically means there is a large gap between the NFT supply and actual brand value for a long time (Supply-Brand Value Gap)

Your usual 10k PFP mints falls here. pic.twitter.com/reOw9XQN0m

— Teng (@0xPrismatic) September 6, 2022

/3 Actual brand value & culture takes time to nurture. It comes from teams and communities executing well on their product, marketing and partnerships.

The best NFT founders know this. They can differentiate hype from true value, as intangible as it is

— Teng (@0xPrismatic) September 6, 2022

/4 It's often super risky for NFT projects to launch via a one-time mint.

For Founders: it's a do-or-die moment. momentum is lost if it doesn't mint out

For Buyers: lots of price volatility since all of the initial value is usually just comes from speculation.

— Teng (@0xPrismatic) September 6, 2022

/5 Daily auctions are one alternative model of NFT distribution that I believe has legs.

The NFT supply starts tiny and expands at a fixed rate. This aligns token inflation more closely with the expected growth of the brand over time, reducing the Supply-Brand value gap. pic.twitter.com/DFekTdYnjk

— Teng (@0xPrismatic) September 6, 2022

/6 Daily auctions for NFTs also:
Provide breathing space for a tight-knit community to grow
Are more equitable: new ppl have opportunities to enter at any point in time
Aligns founding team incentives better

This can be modified to a suitable rate (eg hourly auctions)

— Teng (@0xPrismatic) September 6, 2022

/7 @nounsdao pioneered of the daily auction model as a powerful mechanism for capital formation, bootstrapping a treasury from 0 to 27,500+ ETH.

It is a grand experiment on how to scale a brand in the fastest way possible. And so far it's looking good. pic.twitter.com/j1TGxZvTe0

— Teng (@0xPrismatic) September 6, 2022

/8 Took a deep dive into Nouns DAO in our recent report at @Delphi_Digital. We explore:
Daily Auctions
NFT-driven DAO governance
Embracement of CC0

It is an open "protocol" that is trailblazing the path forward, allowing others to build on it.https://t.co/a2Y7SKpuL0

— Teng (@0xPrismatic) September 6, 2022