1. For for-profit activities, likely from for-profit funding. For our non-profit activities (separate), likely donations/grants.
2. We will have non-profit activities like ecosystem development, policy, R&D. However, for the for-profit portion, revenues will come from creating products on Ethereum that institutions and others use
Great writeup! I have the majority of my crypto portfolio in ETH and Ethereum related tokens. It hasn't been fun lately, but I strongly believe that ETH will come back with a vengeance and capture a tonne of the world's onchain economy.
All but guaranteed to hit $8-10k within the next few years imo, barring a global financial crisis meltdown.
Great intro article, thank you! Big fan of the topic and of the concept of product arm for Ethereum.
Couple of questions: what is your opinion on app chains? They are kinda useless imo, the real gain is when different apps coexist on the same ecosystem/infra, and players can freely go from one to the other. The tech will become good enough that performance won’t be an issue.
While the possibilities are endless for ETH are endless, I somewhat disagree with complexity is feature, since for the users and the traditional finance guy, it needs to be simplified. They don’t want to read whitepapers and other tech things. So far Ethereum has been by technical people for technical people and while this means the platform is amazing, it’s too « hard » for people to get. And if they don’t get it, they are afraid. If they are afraid, they disregard it. At least that’s what I am encountering with my company. Why do you think this complexity is so welcome?
This brings me to a shameless plug: I am building https://fume.finance. We are a tool to automate the administration of investment funds onchain. We believe just like you do, that tokenization is just the first step, and that real utility/efficiency gains come after that. We target institutional players, and would love to collaborate with etherealize if there’s mutual interest.
I think app chains are great, especially if they are L2s that can plug into Ethereum's liquidity network. Perfect example of innovation that can happen on other layers.
I'm not saying the complexity of Ethereum is welcome - it's just a blessing and a curse of having the potential to be a "world computer." Complexity is a narrative we need to overcome, and I outlined some simple theses for ETH that show how ETH can drive value and translate to tradfi narratives (like tokenization, stablecoins, blockchain adoption)
1. With stablecoin legislation close to being approved, how will you help position ETH to be the biggest winner and capture the most value for ETH. How can you help ETH be the main player for stablecoins?
2. As World Liberty Financial is positioning themselves as a leader for ETH, are you coordinating with them to help spread the use cases for Ethereum to larger players? Surely they have connections you can lean into, if needed.
3. Has the recent crash in ETH over the last 3 months, especially compared to other coins, impacted you/Etherealize?
1. By continuing to show institutional adoption (mostly on ETH), stablecoin TVL (mostly on ETH), and global decentralization (ETH is the winner). But you're right - this takes advocacy and being in the room, and we plan on doing that
2. WLFI is a phenomenal team, they're ETH OGs that deeply understand Ethereum's value, and we know them! Excited for their application and for them to bring new use cases to Ethereum.
3. It makes me sad when ETH goes down and happy when ETH goes up. But not impacting operations / Etherealize day to day!
3 months - blitz media, institutions, policy with information, use cases, content, narratives around Ethereum/ETH
6 months - bring institutions to Ethereum via tokenized assets and L2s
12 months - create a vibrant ecosystem for assets and users on Ethereum
2. Privacy products (needed for institutional assets), institutional tokenization/trading apps
3. We have an excellent and collaborative relationship with the EF. We're largely independent and operate at arm's length - our activities are very complementary to what the EF does. We received a small grant from the EF when we first started and are working on other funding sources now.
"As the number of users, L2s and apps increases, value will flow back to ETH."
Thanks Vivek, and how wil this happen? How does value flow back.
1.As an entity trying to promote ethereum to institutions, where would your funds come from? Donations or others?
2.Considering it’s not a Nonprofit organization, where or how you think the profits will come from?
1. For for-profit activities, likely from for-profit funding. For our non-profit activities (separate), likely donations/grants.
2. We will have non-profit activities like ecosystem development, policy, R&D. However, for the for-profit portion, revenues will come from creating products on Ethereum that institutions and others use
Great writeup! I have the majority of my crypto portfolio in ETH and Ethereum related tokens. It hasn't been fun lately, but I strongly believe that ETH will come back with a vengeance and capture a tonne of the world's onchain economy.
All but guaranteed to hit $8-10k within the next few years imo, barring a global financial crisis meltdown.
Great intro article, thank you! Big fan of the topic and of the concept of product arm for Ethereum.
Couple of questions: what is your opinion on app chains? They are kinda useless imo, the real gain is when different apps coexist on the same ecosystem/infra, and players can freely go from one to the other. The tech will become good enough that performance won’t be an issue.
While the possibilities are endless for ETH are endless, I somewhat disagree with complexity is feature, since for the users and the traditional finance guy, it needs to be simplified. They don’t want to read whitepapers and other tech things. So far Ethereum has been by technical people for technical people and while this means the platform is amazing, it’s too « hard » for people to get. And if they don’t get it, they are afraid. If they are afraid, they disregard it. At least that’s what I am encountering with my company. Why do you think this complexity is so welcome?
This brings me to a shameless plug: I am building https://fume.finance. We are a tool to automate the administration of investment funds onchain. We believe just like you do, that tokenization is just the first step, and that real utility/efficiency gains come after that. We target institutional players, and would love to collaborate with etherealize if there’s mutual interest.
I think app chains are great, especially if they are L2s that can plug into Ethereum's liquidity network. Perfect example of innovation that can happen on other layers.
I'm not saying the complexity of Ethereum is welcome - it's just a blessing and a curse of having the potential to be a "world computer." Complexity is a narrative we need to overcome, and I outlined some simple theses for ETH that show how ETH can drive value and translate to tradfi narratives (like tokenization, stablecoins, blockchain adoption)
Thank you for the answers/insights!
1. With stablecoin legislation close to being approved, how will you help position ETH to be the biggest winner and capture the most value for ETH. How can you help ETH be the main player for stablecoins?
2. As World Liberty Financial is positioning themselves as a leader for ETH, are you coordinating with them to help spread the use cases for Ethereum to larger players? Surely they have connections you can lean into, if needed.
3. Has the recent crash in ETH over the last 3 months, especially compared to other coins, impacted you/Etherealize?
1. By continuing to show institutional adoption (mostly on ETH), stablecoin TVL (mostly on ETH), and global decentralization (ETH is the winner). But you're right - this takes advocacy and being in the room, and we plan on doing that
2. WLFI is a phenomenal team, they're ETH OGs that deeply understand Ethereum's value, and we know them! Excited for their application and for them to bring new use cases to Ethereum.
3. It makes me sad when ETH goes down and happy when ETH goes up. But not impacting operations / Etherealize day to day!
As a newbie in crypto I understood the use case for ETH,which is not reflected currently in the price,but the use for normies is far too complicated.
Internet and mobile phones got more efficient and simpler to use,so should ETH.
On top of that switching chains fo layer 2 adds another level of complexity,it has to come down to app user friendly.
All of that will happen. If ETH had poor architecture, it'd be hard to sell. ETH (and crypto) has poor UX (for now) - that is fixable.
Given nobody else has asked a question:
1. What is the roadmap for Etherealize over the next 3, 6, 12 months?
2. You mentioned building products for institutions to use Ethereum - what kind of products are we talking about?
3. What coordination/communication do you have/plan to have with EF? Are you largely independent and get grant money from EF to do what you will?
1.
3 months - blitz media, institutions, policy with information, use cases, content, narratives around Ethereum/ETH
6 months - bring institutions to Ethereum via tokenized assets and L2s
12 months - create a vibrant ecosystem for assets and users on Ethereum
2. Privacy products (needed for institutional assets), institutional tokenization/trading apps
3. We have an excellent and collaborative relationship with the EF. We're largely independent and operate at arm's length - our activities are very complementary to what the EF does. We received a small grant from the EF when we first started and are working on other funding sources now.