Podcast Summary
In this podcast, the host discusses the challenges of building in Web3 and the need for mainstream adoption. The guest, Mo Shake, shares insights about his project, Aptos, and its preparation for mainstream adoption. They discuss the evolution of block space, the entrance of web2 companies into the crypto space, and the potential of AI and crypto convergence. The podcast concludes with a discussion on the potential of open protocols and Web 3.0 for global wealth creation.
Key Takeaways
Challenges and Opportunities in Web3
- Scalability limitations: The host and Mo Shake discuss the past frustrations with scalability limitations in the crypto cycle and the emergence of layer ones and layer twos to address this issue.
- Mainstream adoption: The need for mainstream adoption is emphasized, with Mo Shake explaining how his project, Aptos, is preparing for it.
Evolution of Block Space
- Quality over quantity: While there may be an abundance of block space, Mo Shake emphasizes the importance of quality block space for web2 companies to feel comfortable operating in the crypto space.
- Apto’s capabilities: Aptos currently supports 30,000 transactions per second with subsec finality and low transaction costs, with plans to increase this capacity significantly.
Entrance of Web2 Companies
- Web2 companies in crypto: Mo Shake highlights the entrance of web2 companies into the crypto space, such as PayPal launching their stablecoin and Microsoft partnering with Aptos for AI projects.
- Blockchain’s potential for web2: The potential of blockchain to solve challenges and enhance capabilities for web2 companies is discussed, with the partnership between Microsoft and Aptos serving as an example.
AI and Crypto Convergence
- AI and crypto collaboration: The podcast discusses the potential areas where AI and crypto can work together, such as the development of an AI assistant by Microsoft and Aptos for understanding the web3 ecosystem.
- Future applications for financial markets: The collaboration between Microsoft and financial institutions to build future applications for financial markets is highlighted.
Open Protocols and Web 3.0
- Web 3.0 for global wealth creation: The potential of open protocols and Web 3.0 to empower the next generation of wealth creation globally is discussed.
- Role of stablecoins: Stablecoins are highlighted as a crucial tool for accessing global economies and solving the problem of hyperinflation in certain countries.
Sentiment Analysis
- Bullish: The podcast expresses a bullish sentiment towards the future of Web 3.0, with the belief that reliability and scalability challenges can be overcome. The entrance of large money movement networks like PayPal into the space is seen as a positive development.
- Neutral: While the podcast discusses the challenges of building in Web3 and the trade-offs that come with using bridges between different protocols, it maintains a neutral stance by highlighting the ongoing efforts to address these issues.
