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The Living On-chain Thesis
Paul Joe and Michael Kelly
February 7, 2024
The Future is On-Chain
As blockchain technology matures, we're witnessing a fundamental shift in how people interact with digital systems. "Living on-chain" represents more than just using cryptocurrencies – it's about conducting meaningful portions of our digital lives through decentralized protocols.
What Does Living On-Chain Mean?
Living on-chain encompasses various aspects of digital life:
- Financial Life: DeFi protocols for saving, investing, and transacting
- Social Identity: On-chain reputation and social graphs
- Work & Collaboration: DAOs and on-chain coordination mechanisms
- Digital Ownership: NFTs and tokenized assets
Infrastructure Requirements
For this vision to become reality, we need robust infrastructure:
- Scalable Layer 1 and Layer 2 solutions
- User-friendly wallets and interfaces
- Bridges between chains and traditional systems
- Privacy-preserving technologies
Investment Opportunities
We're particularly excited about projects that make on-chain living more accessible and practical. This includes everything from account abstraction solutions to social protocols that preserve user agency while enabling network effects.