I’ve talked about infrastructure not being there previously not being availbale to build the necessary products we have waited for, for a very long time. We are seeing this witht eh UX in perpetuals and soon to be order book DEXs as well.
A vertical we have seen talked about almost every year but has struggled to materialize even if the experience has gotten increasingly better is the concept of a new social media platform with crypto native capabiltiies built into it. It has previosuly failed on the premise of a decentralized social media but likely has better chance of success with crypto native integrations in the background that the average Joe has no idea he is using.
Increasing payment rails and the blockchain transactions in the backend that nobody has to know they are using, in similar mold to what Moonshot has done with their platform and why it has been such a clear success is what is required to make the concept of a crypto-native social media platform successful. We are seeing the first step of that vision finally taking place after a very long time which is flying under the radar and presents a very good market opportunity.
It was also controversial at one stage which makes it even sweeter for a potential hated rally.
So with that said, let’s dive in.