Cryptso Casts | May 2024, Stand With Crypto

Welcome to the Cryptso Casts newsletter! Every month, I curate my best thoughts, ideas, and observations on crypto and the industry at large.

Crypto is Here to Stay

David Tso on Warpcast
1/ US crypto policy has seen a major shift in just two weeks:

David Tso on Warpcast
1/ If Ethereum ETFs get approved:

David Tso on Warpcast
FIT21 is a historic crypto regulatory bill that will protect crypto users in the US
Tell your representatives to vote YES on FIT21

David Tso on Warpcast
“We believe the SEC should embrace open source technology that improves on outdated commercial and financial systems, instead of attempting to litigate it out of existence.”

David Tso on Warpcast
Ethereum ETFs approved – what a historic moment for Ethereum and for crypto!!
Onchain summer kicking off a week early ☀️

[David Tso on Warpcast
What a week:

[David Tso on Warpcast
People often ask why crypto:

David Tso on Warpcast
The claim that “crypto has no use case” is often made by those who are insulated and comfortable within the Western banking system
Crypto provides access to fast and cheap payments, a stable store of value, and a global onchain economy for everyone, everywhere

Casts of the Month

David Tso on Warpcast
Onchain creativity is at an ATH right now

David Tso on Warpcast
Tokens reinforce the value of attention and storytelling, and create excitement beyond just the product

David Tso on Warpcast
I’ve been in crypto for a while now, and /blackbird is the most substantive consumer product I’ve used
Building products and experiences that are truly differentiated via onchain is the only way

David Tso on Warpcast
For companies and brands coming onchain, it’s important to think about your content and marketing through the lens of “what would it feel like to mint this onchain?”
Minting should be the primary form of engagement, which socials can then help amplify

David Tso on Warpcast
Winning is better together

David Tso on Warpcast
Bullish on enjoyable minting experiences

David Tso on Warpcast
It’s deal szn
/zora 🤝 /mintdotfun
/paragraph 🤝 /mirror
Who’s next? 👀

David Tso on Warpcast
Consumer crypto is so back

David Tso on Warpcast
To level up in crypto, all you need to do is actually use onchain products and spend some time onchain every day
Being a user is the ultimate way to understand the growing onchain economy

David Tso on Warpcast
The next breakout consumer crypto app will have maximum normie-friendliness

David Tso on Warpcast
Here’s how it can work

David Tso on Warpcast
Why does AI need crypto?
Don’t be evil → Can’t be evil

David Tso on Warpcast
AI safety through cryptography

David Tso on Warpcast
Blockchain infra companies are now realizing that they also need to build consumer-facing apps to demo their infra and capture mindshare

David Tso on Warpcast
If you’re building blockchain infra to enable some kind of consumer-facing app that doesn’t exist yet, consider diving in and building the app yourself
Good DevEx is just as hard as good UX, and you’ll need to do it sooner or later anyway

David Tso on Warpcast
Farcaster is one of the onchain apps I use daily, and it’s one of the things I’m most excited about in crypto
Confident that they’ll grow by orders of magnitude this cycle – go @dwr.eth, @v, and team @farcaster!!

David Tso on Warpcast
Upcoming mobile onchain apps like @roamxyz make me confident that consumer crypto will soon take the spotlight and shatter the perception that crypto is unusable for the average person

David Tso on Warpcast
mint to collect → mint to support

[David Tso on Warpcast
Bullish on decentralized brands like /azuki that anyone can contribute to permissionlessly

David Tso on Warpcast
It’s been inspiring to watch the interactions between @zora, @base, and @optimism as truly intertwined ecosystems
Zora and Base lean on Optimism’s OP Stack and Retro Funding, while Optimism then is bolstered by Zora and Base for apps, content, and distribution

Consumer Apps I Liked

David Tso on Warpcast
World’s first on-chain self-custodial checking account

David Tso on Warpcast
Quests, token-gating, loyalty points, CRM, and forms for your onchain community

David Tso on Warpcast
Search to discover actionable onchain insights

David Tso on Warpcast
Prediction markets for Farcaster

David Tso on Warpcast
Start your collection and co-own art from as little as $1

David Tso on Warpcast
Decentralized storytelling produced by you

David Tso on Warpcast
Taking anime onchain

David Tso on Warpcast
A new Farcaster client where social meets onchain

David Tso on Warpcast
The social onchain browser

David Tso on Warpcast
CT trading card game

Infrastructure Updates

David Tso on Warpcast
L3s can now be a part of @base and the @optimism Superchain!

Here’s an overview of L3s and why they’re useful for those who are confused: L3 Overview

David Tso on Warpcast
A match made in heaven

David Tso on Warpcast
MultiVM
It’s a question of “when” not “if”

David Tso on Warpcast
MultiVM is coming to a rollup near you…

David Tso on Warpcast
Frames now support /optimism, /base, /zora, AND /arbitrum transactions
/farcaster is quickly becoming the social layer for all of the biggest ecosystems/protocols in the space 🟪

David Tso on Warpcast
1/ International remittances still cost an average of 6.2% in transaction fees today, which is remarkably high and significantly reduces the value of money sent home to families
Billions of families depend on remittances, but our international financial system is rather siloed, piecemeal, and has been slow to innovate

And that’s my monthly roundup! Subscribe for free to receive new posts and follow me to stay in the loop.

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