Profile of xiaoh in Optimism

Posts by xiaoh

• Suggestions on the Future Direction of Selling Blockchain Space Using NFT Transfer Functions: by xiaoh - No Role
  Posted on: Oct. 31, 2024, 5:06 a.m.
  Content: Core Vision: Ownership transfers should be enabled through NFTs, facilitating the efficient trading of blockchain space. Long-Term Goal: To become the “Amazon of ownership transfers,” where users verify the authenticity and ownership of physical or virtual assets via NFTs before receiving them, ensuring transaction security. Additionally, by leveraging NFTs to support the trading of blockchain space, this approach enhances the utilization and fee revenue of public chains. Market Positioning: While Amazon focuses on physical ownership transfers, NFT technology plays a key role in virtual ownership transfers. Just as property transactions include both the property and deed, NFTs can secure the ownership transfer of digital assets like blockchain space, providing more application scenarios for public chains. Key Markets to Develop and Create Flagship Use Cases: High-Value Asset Ownership Transfers: For assets like real estate and vehicles, using NFTs to ensure safe transfers. Products Requiring Strong Brand and Anti-Counterfeit Verification: For products like Apple devices, where NFTs confirm authenticity and alleviate fears of counterfeits. Products with High Copyright Certification Needs: For items like anime merchandise or traditional Chinese crafts, NFTs can establish brand trust and prevent piracy. NFT-Based Sales of Blockchain Space: By selling public chain blockchain space as NFTs, ownership and usage rights can be transferred flexibly, increasing transaction volume and enhancing public chain fee revenue. Expansion Recommendations: Form dedicated teams to pursue partnerships in each sector, promoting the standardized development of NFT-based blockchain space sales for more efficient and flexible transactions. New Areas to Explore: Rental Rights: For example, in real estate leasing, where NFTs confirm rental rights, increasing transparency and trust in the rental market. By focusing on these core needs, enabling blockchain space trading through NFT transfer functions can significantly boost the value and fee revenue of public chains while strengthening their impact in the digital asset market.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• Token Economics: Exploring the Path to Mass Adoption in Web3 by xiaoh - No Role
  Posted on: Oct. 7, 2024, 9:44 p.m.
  Content: Strategic Guiding Thought: If consensus economy is the future, then the vision where “ 30 % of the shares belong to investors, 20 % to employees, and the remaining 50 % to loyal customers” might also be the future. If consensus economy is indeed the future, then the following mechanism could be the key: adopters receive equity, which drives adoption. This means that adopters, who receive equity, are more likely to adopt products themselves and even recommend them to others. As more adopters join, more equity is distributed, creating a virtuous cycle: more equity leads to more adopters, more adopters bring in more users, and so on, until equity distribution is complete, establishing broad user consensus. This is the ideal vision for the current airdrop model. However, this airdrop model faces some significant challenges in practice: Early adopters often sell and leave: Early adopters do not grow alongside the project or actively contribute to the DAO; instead, they sell their shares quickly and move on to other competing projects, seeking new “early equity” opportunities. Airdrops fail to drive widespread user adoption: The current model has not incentivized early adopters to recommend the product to more users, hindering broader adoption. Perhaps we need to rethink the “early adopter airdrop” model. The next step should focus on a new approach: “mass adopter airdrops.” Mass Adopter Airdrops: Web 2 Payments One direction to drive mass adoption is to work on integrating blockchain payments into major Web 2 products, such as PayPal, Amazon, TikTok, Steam, etc. Through airdrops, we can incentivize users to actively use Web 3 payment options. For example, imagine a user who enjoys gaming. One day, they find a new single-player game, “Black Myth: Wukong,” priced at $ 59 . 99 . The user notices that, alongside traditional Web 2 payment options, there is now a new Web 3 payment channel—OP-USDC. Being a Web 3 user, they choose to pay with OP-USDC. When OP-USDC payments reach a certain milestone, such as one million users, the user logs into Steam and finds a message saying they have received an airdrop of OP tokens worth $ 59 . 99 . The user then proudly tells their friends that they got the game for free, leading others to ask how. When they learn that by using Web 3 payment channels they have a chance to get free games, more friends decide to try Web 3 payments too. It’s not just about saving money; it’s also the thrill of sharing the experience. In this way, a new Web 2 user gets pulled into the Web 3 ecosystem. Areas for Improvement in User Attraction Airdrop Probability: Once a certain level of adoption is reached, 100 % airdrops may no longer be necessary. Instead, we could use an algorithm to randomly distribute airdrops based on probabilities (e.g., high airdrop probability for new users). The goal remains to raise awareness of Web 3 products through incentives. Regardless of which blockchain does this, or even if they collaborate, the key is working for the future of the entire industry. The current competition is meaningless in the broader context. Token Lock-up Period and Rebate Ratio: Users who receive a “ 100 % rebate of $ 100 in OP tokens” could choose to get $ 20 worth of OP immediately or opt for $ 100 worth of OP, distributed linearly over ten years. Users choosing the ten-year option will naturally hope for OP’s growth, and will thus be more inclined to use the OP chain frequently. The core remains encouraging users to habitually engage with Web 3 products through continuous rewards. Equity vs. Bonds: If equity is distributed directly—for example, $ 100 worth of OP over ten years (assuming 1 OP = 1 USD), with 10 OP distributed annually—the OP tokens might run out quickly, and there won’t be enough time to influence user habits. However, if distributed in the form of bonds, the process could extend longer. For instance, if OP tokens worth $ 10 are distributed today, it may require 10 OP. However, if the value of OP doubles in the following year, then distributing $ 10 may only require 1 OP. As OP’s value increases, mass adopters will want to share their success, further driving up adoption and OP ownership. Conclusion: A truly sustainable Web 3 adoption strategy hinges on building a virtuous cycle where users become stakeholders, motivated not only by rewards but also by a sense of ownership. By shifting our approach from early adopter incentives to focusing on mass user incentives, leveraging the integration of Web 2 payment channels, and creatively distributing equity, we can drive large-scale Web 3 adoption and make the consensus economy a reality.
  Likes: 1 Replies: 0
  Likers: LXDAO
  No replies yet.
• Blockchain Game Concept: AI-Generated Treasure Hunt by xiaoh - No Role
  Posted on: Sept. 28, 2024, 10:34 p.m.
  Content: This game revolves around an AI-generated map system where treasure hunting is the core mechanic. The ultimate objective is to discover a “Grand Treasure Chest,” which carries a viral potential due to its rarity and value. However, the chest can’t be obtained alone—it requires collaboration, encouraging players to invite friends and family to participate in a collective hunt. Around this “treasure hunting” mechanic, we can develop a range of paid products, creating an internal economic loop. The game essentially transforms traditional blockchain mining from machine-driven to human-powered mining, adding a unique twist that’s fully in line with blockchain’s decentralized nature. This concept blends the excitement of discovery with the viral nature of social games, while also providing a sustainable economic model that incentivizes community engagement.
  Likes: 1 Replies: 0
  Likers: wannabeswanop
  No replies yet.
• “Encircling the Cities from the Countryside” — A Strategic Approach to Blockchain Project Adoption by xiaoh - No Role
  Posted on: Sept. 28, 2024, 10:33 p.m.
  Content: In today’s internet landscape, social media and entertainment are dominated by traditional Web 2 giants. Building large-scale social or entertainment products in this monopolized environment is incredibly challenging. However, I believe the way forward for blockchain lies in targeting peripheral markets, taking a “countryside encircling the city” approach. Consider platforms like OnlyFans, which thrive on fan-driven economies. For KOLs (Key Opinion Leaders), adding a new platform offers additional revenue streams, and blockchain communities represent a largely untapped and incremental audience for these fan-driven platforms. Similarly, blockchain users have a strong affinity for competitive games. We can draw inspiration from Tencent’s early success with QQ Games (featuring chess, military chess, Go), which helped them gain significant traction. By developing similar competitive gaming products on blockchain, we could host tournaments to drive visibility and attract users. The combination of blockchain technology with fan-driven economies, along with the community’s natural interest in strategy games, provides a unique opportunity to penetrate areas where Web 2 giants haven’t fully established their presence, paving the way for broader blockchain adoption.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [DRAFT] [GF: Phase 1 Proposal] Via Protocol / Via Exchange by xiaoh - No Role
  Posted on: Nov. 2, 2022, 1:32 p.m.
  Content: love users, users will love you too!
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [DRAFT] [GF: Phase 1 Proposal] Via Protocol / Via Exchange by xiaoh - No Role
  Posted on: Nov. 2, 2022, 9:32 a.m.
  Content: love users, users will love you too!
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.