DeSo Protocol says smart contracts for Web3 are NGMI.
Ahoy DeSo degens,
How is everyone? Been busy out there trading all the meme coin derivatives? $GM? $WGMI? $VIBE? More power to you if you have been. Reminds us of the early creator coin pump days on BitClout lol 😂.
Anywho, while the crypto casino rolls along, there’s been lots of cool sh*t going down in the DeSoverse too 🪐. Let’s take a look around, shall we?
(pssst… not on diamondapp yet? Sign up here and get $25 free 🤫)
Movers & Shakers
The DeSo download
🌐 The biggest news on the blockchain is undoubtedly the Deso Protocol’s blog post titled “Web3 will not be built on smart contracts.” In his most recent post, DeSo founder @nader says that it's “the most important blog post we’ve ever written.” The article details why on-chain storage prohibits general-purpose blockchains like Ethereum, Solana, and Cardano from powering everything on the web, and how DeSo is positioned to win decentralized social. With the help of some 💎’s for retweets, the article went absolutely viral on both Twitter and Diamondapp. If “Crypto Twitter” wasn't paying attention before, they sure as hell are now. 👀
“It’s a bold strategy, Cotton. Let’s see if it pays off for ‘em.” 👨💻 The 1st ever DeSo hackathon is coming together, spearheaded by new Deso foundation team member @AlexValaitis! Hopefully, this will be a seminal moment for development on DeSo… not only for devs to prove themselves but for the DeSo team to prove to aspiring DeSo devs that this is a worthwhile, supportive place to build 💪. @nader in particular seems hyped for this 👀. We’re stoked to see what gets built!
🌴 The DeSo beach-up in Tampa Bay last weekend looked absolutely
🔥🔥🔥. Of course with the amount of DeSo OG’s in attendance like @jodybossert @znmead @MechellLord @AylaCroft @NirvanaHTX @cyrusabrahim @Illumemenati @SashaNFT @KAD @Matreshka @cateColgan @darian_parrish @AleaSedona @Clayperrymusic @wendyleigh @ThePennyTrader @DOZ @williamlaurent @Sandirose @Meeks @matthope @murkury and many, many more — naturally, there was a tidal wave 🌊 of dope content… so catch up quick w/ this awesome video compilation from @MechellLord 🎥. Talk about FOMO. We know one thing for sure, this is definitely a trip to remember! (ESPECIALLY if your name rhymes with Patreshka or PapyrusPabrahim 🏃🏻♂️)
🛒 On the UX/UI side, it looks like a ‘Buy Now’ option for NFTs is coming soon. This will be an awesome addition to speed up secondary sales in the NFT market on DeSo. For context, the majority of sales on ETH marketplaces like OpenSea don’t occur via auctions — they happen w/ ‘Buy Now’ type sales. Thx for the scoop @100! 🕵️
🦵 Postgres is getting the boot in favor of MySQL (courtesy of DeSo core team member @Maebeam). Folks more knowledgeable than us (e.g. @tijn) seem to be pro the change. We trust their opinion. Hopefully, all the code migration doesn't break too many of the things!
🤯 Speaking of @tijn? In case you needed some #hopium today, he recently followed a trail of breadcrumbs and speculated whether Coinbase is working on listing more than just $DESO… Could they list creator coins too?? That’d be pretty nuts, but hey, anything seems possible these days.
🔎 Wondering how all the nodes across DeSo are doing? Wonder no more. @DesoLabs has set up an amazing and public node monitoring tool. And they got a @Maebeam shout-out too? That’s a W right there ✌️
👨💻 @mattetre is doing the lord’s work by grinding on SDKs (tools for devs to more easily leverage clean, existing code). His latest contribution is documentation for devs to more easily integrate DeSo’s identity login to their apps. With each iterative addition like this, building on DeSo gets easier and easier. Thanks for laying the foundation, @mattetre! 🧱🏗️.
🎮 On the NFT side, there’s more dope projects percolating on DeSo. A few on our radar? For one, @OctoPosse is launching NFTs that will be needed to play a game (also powered by DeSo). The winner of the game will also get $50,000 in $DESO (!). Say less— we’re in. Further, the art for @SacredSkulls by @BobbyDigital42 and @JaySinuous is absolutely mind-blowing (pun intended) too. The project started minting their 33 genesis skulls yesterday and the bids are already flying. You can check out the lore and roadmap on their website, which is tough as nails if we’re being honest. 🤘🏼😤
Meme of the day
Off-the-chain
⛵📈 Discord has clearly realized they’re at the center of the web3 universe. They’re now teasing web3 + Ethereum blockchain integrations. What will this look like? Not sure, but a rising tide of web2 companies embracing web3 should lift all boats … including DeSo 🤞.
🤔 Alexis Ohanian invests $100M to build social on the Solana blockchain. He had previously spent some time on DeSo in the early days… perhaps he didn’t realize it was a scalable social blockchain at the time? Or did he see things he didn’t like? Going back to the big DeSo Foundation blog post, we wonder how social on Solana plans to scale 🔬.
❤️ The dating app Bumble is looking for a long-term relationship with Web3 (I'm sorry). According to The Block, Bumble is looking into integrating the metaverse and Web3 into it’s “Bumble BFF” platform relaunch. The company even posted a job opening for “Head of Crypto and Web3” on Linkedin. Could the future of dating be built on DeSo? Sounds like a match made in heaven if you ask us.
📈 … and on today’s episode of “Probably Nothing:” Jimmy Fallon buys a Bored Ape Yacht Club NFT and the official NFL Twitter account uses Odell Beckham Jr’s Cryptopunk to make an NFT joke. The takeaways? 1. Jpegs have officially hit the mainstream and are here to stay. 2. OBJ is an absolute liability on your fantasy football roster and should be dropped immediately.
What a banger of a week for decentralized social, amirite?! Well, this is where we will leave you for now. Stay safe out there, treat yourselves to any nice dips you come across in the meantime. Catch ya fools later. ✌🏼