General Partner at Electric Capital Maria Shen divides her list of the most innovative onchain experiments from the last 3 years into four categories. For human coordination mechanisms, she highlights Nouns DAO for its complex treasury system and spin-off projects and Curta for its recognition of solving hard problems. In the “pricing historically difficult assets” category, Love on Leverage prices momentum during a live dating show and Orb Land allows users to access Q&As with influencers. Her “markets for unique assets” category includes liquid NFT markets. The final category is for incentive mechanisms for onchain art, represented by the 5/9 chess engine's NFT-per-move mechanic.
Tuesday, April 16, 2024Orb Labs has launched Orby, a chain abstraction provider that simplifies interactions across different blockchains by unifying user accounts and assets, enabling transactions on any chain. Orby provides two main tools: OrbyEngine, a Smart RPC endpoint for connecting and managing accounts across chains, and OrbyKit, an SDK that allows dapps to provide their users with a chain-agnostic experience regardless of which wallet is being used.
Chainlink recently shared the results of the Smart NAV (Net Asset Value) industry pilot, which involved Chainlink, DTCC, and ten major financial institutions. In the pilot, the team successfully delivered mutual fund data onchain, which demonstrated DTCC's capability to provide NAV data across various blockchains (private/public). This pilot illustrates how Chainlink's CCIP can be used as an open blockchain interoperability standard to prevent fragmentation and improve automated data dissemination and access for fund tokenization.
Solana DePIN, which includes category leaders Helium, Hivemapper, and Render, has a combined market cap of $4 billion. Solana's focus on performance and network effects and the Solana Foundation's support of DePIN have given it a first-mover advantage with dozens of projects that have built innovative networks. This article details projects in wireless, storage, sensor, compute, service, and other categories of DePIN on Solana. It predicts more sectors, rollups, and convergence with RWAs, ultimately resulting in a parallel infrastructure system.