Podcast Summary
In this podcast, the guest, Smokey The Bera from Berachain, discusses the importance of building applications on top of crypto infrastructure for its future success. The conversation revolves around the need for a system that drives value to the application layer in the crypto space. Berachain’s unique approach to incentivizing builders and the role of community sentiment in the success of crypto projects are also discussed.
Key Takeaways
The Importance of Building Applications on Crypto Infrastructure
- Driving Value to the Application Layer: The podcast emphasizes the need for a system that drives value to the application layer in the crypto space. The guest highlights the importance of building applications on top of the infrastructure as it is what attracts users to the web 3 world.
- Aligning Incentives: Berachain aims to align incentives between liquidity and security at the protocol level. This is achieved through a unique incentive design at the protocol level that powers protocols built on the chain by utilizing liquidity.
Community Sentiment and Crypto Success
- Building a Strong Community: Berachain has intentionally built a community and brand around their project. The team believes in the importance of building a strong and engaged community to drive adoption and success in the crypto space.
- Overcoming Challenges: Building Berachain during the bear market of 2022 was challenging, but the team managed to grind through it with the support of the community and their determination to execute their vision.
Innovative Applications on Berachain
- Groundbreaking Apps: Examples of groundbreaking apps being built on Berachain include on-chain derivatives protocol, a new take on derivatives, and DeFi primitive, a quit smoking incentivization program.
- Attracting Developers: Berachain has been proactive in getting developers to build on their testnet by offering proof of liquidity incentives. This allows applications to be enshrined in the block creation and block awards process on the chain.
Sentiment Analysis
- Bullish: The overall sentiment of the podcast can be categorized as bullish. The guest expresses optimism about the future of Berachain and the potential of its unique approach to incentivizing builders. The discussion about the groundbreaking apps being built on Berachain and the proactive measures taken to attract developers also contribute to the bullish sentiment.
- Neutral: While the podcast is largely bullish, there are elements of neutrality. The guest acknowledges the challenges faced in building Berachain during the bear market of 2022 and the difficulty in raising funds due to market conditions. This balanced view adds a neutral tone to the overall bullish sentiment.
