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I believe @cryptocom might be underestimating the potential here; they predict GameFi could be valued between $65B to $90B by 2030. In Nov 2024, GameFi stands at around $17B USD.
Even with this valuation, we're still not seeing:
- A marketplace of AAA titles that actually compete with Web2 AAA games.
- The UI/UX barriers are still way too high for Web2 gamers to easily transition. Think of wallet seed phrases; on/off ramp processes, bridging funds from this EVM chain to another. It's to fucking complicated for the normie. This isnt even diving into performance of blockchains.
These barriers won't last though. Projects like:
@immutable
@buildonbeam
@altura
Are solving these issues. Invisible passports, dedicated blockchains & asset ownerships are coming/ almost here.
@playoffthegrid is the first of many AAA titles that will penetrate the Web2 Gaming space and will assist alot in gaining positive network market effect.
#GameFi to $100B+
crypto.com/research/blockcha…
DC retweeted
Someone has to say it. This guy looks highly trained! I put it in slow motion and you can see how proficient he is.
DC retweeted
when i started building echo 2 years ago, i knew it had 95% chance of failing. to be honest, i couldnt really imagine any other outcome, but i thought at least it may be a noble failure worth attempting.
i certainly didn't think echo would be sold to coinbase, but, here we are: today coinbase bought echo for ~$375m.
echo will remain a standalone platform under its current brand for now, but we will integrate sonar's public sale product into coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities into coinbase itself.
over the years i have chatted to brian a handful of times, and mostly to complain at him honestly. i have always respected how brian would listen to an outsider chat shit at him on the phone and take the feedback seriously. now, instead of complaining, i will have the opportunity try to do the work to make things better.
crypto itself has moved on a long way since we started working on echo. i guess partially this is because of the election result. but, i feel energised by a lot of the cool things being built in crypto again: hyperliquid, zcash, stablecoin supercyle, and so on.
feels like a good time to be on the field instead of an idiot with a twitter account yapping nonsense. well, i guess i still will be that.
anyway, job's not finished. onwards.
oh fuck yeah, before i go, the final season of up only (now "unc only" due to our severe old age) will commence when we figure out who the guests should be lol
cobber
DC retweeted
I have F U money.
But the best part isn’t the cars or the holiday homes.
It’s the freedom to handle the little things without thinking twice:
– Last-minute trips with family
– Paying for my friends to visit
– Ordering food when my wife’s too tired
– Solving unexpected bills without stress
The real flex? Peace of mind.
DC retweeted
An important part of the financial world to pay attention to: corporate default risk.
Chamath's CDS Bet: Outlining Major Corporate Debt Default Risks
"With all of the tariffs, the one thing that we haven't sufficiently talked about is there is a tremendous amount of corporate debt that supports these businesses today."
"And you would say, 'Well, if long-term rates go down, there's no real risk.'"
"But the tariff picture actually impacts revenues."
"And the problem with that is that there's a lot of companies that have debt covenants tied to revenue and EBITDA."
"And so this is what I spoke about at the beginning of January, which is, the one risk that is uncontrollable, is what happens to corporate debt and could we see a wave of defaults and a wave of action?"
On our 2025 predictions show in January, @chamath picked credit default swaps as his best-performing asset this year, calling it a long-shot with major upside:
" I would be long CDS. I'm buying insurance using credit default swaps. I think that there is a small chance of some volatility next year. I hope it doesn't happen. I hope that this trade loses money. But if it hits, it will be the best-performing asset of 2025."
Fast-forward to April:
" It has hit. For every billion dollars of risk you would've put on, would have cost you ~$1M, and that million dollars would've made you ~$7M in about three months."
"Why is this important? The CDS actually represents the structural risk in the United States corporate economy."
"So when you see these spreads blowing out, this is actually a very important warning sign."
"This is what was the canary in the coal mine for the Great Financial Crisis."
"The tariff picture and the recession picture will get played out in this chart."
"And I think it's something that folks can and should probably pay tremendous attention to."
It’s important to understand that most people here on X don’t know shit about markets. Make decisions for yourself.
That is all
