TLDR
This article discusses various developments in the crypto and web3 space, including the launch of a new “creator tool” by the Party team, updates on block explorers, and the potential applications of the ERC6551 standard.
Key Points
The Party team launched a new creator tool that allows for liquid secondary markets and preserved transaction fee capture for creators.
Etherscan launched a simplified block explorer called Blockscan, and Dora raised $5.5M for their onchain search engine.
PER.MA is a new photo exchange network that aims to bridge analog film photography with digital ownership using the ERC6551 standard.
Applications are becoming the kingmakers of infrastructure, as seen with the impact of Pump.fun on Raydium’s DEX volume and Forgotten Runes moving to the Ronin blockchain.
In-depth Summary
The article covers several interesting developments in the crypto and web3 space. The Party team launched a new “creator tool” that allows for liquid secondary markets and preserved transaction fee capture for creators. This is seen as an iteration on the memecoin launchpad model, with a flat entry point and a tax to reward creators.
The article also discusses the future of block explorers, noting that they may become more specialized and unbundled, serving distinct needs like following friends’ onchain activity, surfacing onchain insights, or understanding smart contracts. The author is also waiting to see a media publication focused on editorializing noteworthy onchain stories.
The ERC6551 standard, which turns NFTs into onchain agents, is being used in the PER.MA project - a “photo exchange network” that aims to bridge analog film photography with digital ownership. The author finds this to be an interesting use case of the standard.
Finally, the article touches on the concept of the “hot start problem” - where projects have a shortened time window to use generated inorganic activity to find organic traction and product-market fit. The author believes this is the right path in many cases, as long as it’s done thoughtfully.
ELI5
This article talks about some cool new things happening in the crypto and web3 world. There’s a new tool that helps creators make money from their digital art, some new ways to explore and search the blockchain, and a project that’s trying to connect old-school film photography with the digital world. The article also discusses how the most successful projects in this space will be the ones that can get people really excited and engaged, even if they have to use some special tricks to get started.
Writer’s Main Point
The main point of the article seems to be highlighting some of the interesting developments and trends in the crypto and web3 space, with a focus on how applications are becoming the kingmakers of infrastructure and the importance of overcoming the “hot start problem” to drive organic growth and adoption.