Sky’s ETHCC & Paris Blockchain Week Notes
Below are some of my takeaways from the busy week in Paris attending ETHCC, The DAOist, one off conversations and many different networking and side events throughout the week.
The ecosystem’s main focus has moved on from specific DeFi projects to focusing on coordination, tools for coordination and coordination incentives.
These all relate to also solving the problem of building public goods.
Vitalik’s talk was the centerpiece of this and Vitalik is often (always) ahead of the curve.
DXdao has a chance to be a leader in this space.
There have been other communities that have been solving these coordination problems on a smaller scale. The ecosystem needs a culture that allows for these successes.
All parties can do their own part.
With that being said, DAOs are a huge piece of the puzzle. Everyone is talking about DAOs. Many conversations seem to start with “What DAOs are you in?”!
People don’t seem to pay too much attention to the type of DAO or the technical framework. They are more interested in communities and decentralized coordination.
DXdao Awareness & Identity
It was really great to have a sizable DXdao presence in Paris. Many people had never heard of DXdao (or knew very little about it) and are now more interested in it. However, many still don’t know DXdao’s products or DXdao’s mission.
DXdao needs a tagline that people can remember. The one sentence that can be tied to what is DXdao’s identity – its “why?”
Why does DXdao exist?
The DAOist event was really great. It was the sub-audience that is REALLY into DAOs.
DAO2DAO interaction is VERY important.
In my opinion, DXdao should be:
- Investing in other DAOs (DXventures)
- Aligning interests with other DAOs (token swaps)
- Hiring other DAOs (Service DAOs/PR DAOs etc.)
- Building WITH other DAOs
- Teaching other DAOs about decentralized governance
- Experimenting with other DAO frameworks
- Using more products in the space (from other DAOs). Treasury management could be a great method to do this. DXdao using projects will likely open opportunity doors.
[We can dive into each one of these opportunities further - there is lots going on!]
DAO Data Layer
We should look much deeper into Ceramic (https://ceramic.network). It seems to be what many people are very excited about. I believe it will create the data layer that allows for many things that DAOs need.
Ceramic seems to be building for DAOs – DXventures could have an opportunity there.
DXventures will have a hard time participating with projects that are looking for traditional VC funding. More and more, I think projects will want to take community money rather than VC money. Most just don’t know how (and there are regulatory unknowns).
I think sandboxes would be one of the best ways to solve this issue.
DXdao as an incubator could be a great path forward.
Other DAOs are trying to figure out how to do decentralized governance, to organize decentralized collectives and do all the things that come with it.
I met a person in the space that likely plans to provide outsourced “HR for DAOs”. There is massive demand for this.
(@Melanie I told her all about Contributor Experience, you and your role and will connect you).
A friend of mine was observing how the community in Paris was using Web 3 tools. Are we using what we are building? His conclusion was “not really”.
The most popular Web3 use this week was POAPs. And I believe that’s because the POAP team has a fearless, obsessive leader with a very focused mission and people are beginning to realize the power of “badges”.
Outside of that, who used Web3 products?
My feeling is that many DXdao attendees to Paris this week have now had a chance to see and experience the Ethereum community in real life (“IRL”) and I’d be interested to hear people’s diverse opinions from the week.
Some people have already started to discuss the importance of a DXoffsite (maybe around one of the next ETH events), and the benefits of getting together IRL.
DXdao Community Involvement
DXdao has the opportunity to be involved in way more events. And this likely starts with ETHglobal events this year. We should have prizes in all these hackathons. It builds awareness and is one of the best recruiting tools. But we NEED resources to commit to events. Our devs have to be on call especially at the start of hackathons. This is a time commitment for sure but seems very worth it.
There was little conversational talk about L2s. I don’t know why. People seem to be “waiting to see”. Until L2s are ready for use in full force, it seems people aren’t focusing on it.
WalletConnect v2 could change the multichain game user experience. As more sidechains, L1s and L2s come into play, the world is becoming multichain for sure. Flipping between chains using MetaMask is still a bad experience. WalletConnect v2 will allow you to connect to multiple chains at once. You’ll be able to do a “single” WalletConnect transaction and have that transact on more than one chain. In my opinion, this changes the multichain game.
Will MetaMask follow this path?
The space is still trying to figure out how multichain governance will work. If a project’s governance token is on Mainnet (most common scenario), mainnet will be the place of governance and execute calls through bridges to make changes to protocols on L2s and sidechains. It doesn’t seem to work the same going the other way (from L2/sidechain to Mainnet).
It’s great to be back in a world where people and communities can get together, socialize, discuss ideas, and learn from each other.
I still feel that Ethereum is the most interesting space you can be in in the world.
DAOs are without a doubt the future, and DXdao has the opportunity to be a leader here.