Research Summary
key figures from Tezos discussed the Q3 2023 State of the Ecosystem, focusing on four main topics: Scaling Tezos, Arts & Culture, DeFi Innovations, and Blockchain Gaming. The report highlights Tezos’s efforts in scaling through rollups, its unique approach to NFTs and fine art, strides in DeFi with real-world asset tokenization, and strategic partnerships in gaming. The future outlook emphasizes adoption, technical advancements, and deeper integration of financial solutions.
Key Takeaways
Scaling Tezos
- Importance of Rollups: Arthur Breitman emphasizes rollups for composability, interoperability, and reduced fees. Etherlink, an upcoming rollup, and the Mumbai upgrade are highlighted.
- Unified Layer 2 Approach: Tezos aims for a unified Layer 2 governed by XTZ holders, setting it apart from Ethereum’s fragmented rollups.
- Programming Language Composability: Tezos’s scaling approach includes programming language composability, governance inheritance, and unified goals.
Arts & Culture
- Emphasis on Fine Art: Tezos focuses on fine art over PFP-style projects, collaborating with esteemed art institutions.
- Sustainable and Cost-Effective: Tezos’s NFT marketplace Hic et Nunc attracted a global network of creators due to its sustainability and affordability.
- Integration with Traditional Art World: Tezos serves new artists and artist’s estates, integrating the legacy of the traditional art world into Web3.
DeFi Innovations
- Real-World Asset Tokenization: Tezos emphasizes tokenization of assets like gold, Swiss Francs, and Real Estate through companies like Fraktion.
- Trader-Centric Products: Tezos focuses on bringing trader-centric products to DeFi users, introducing innovative trading products.
- Regulatory Environment: Michael highlights the opportunity for permissioned DeFi to flourish despite the evolving regulatory environment.
Blockchain Gaming
- Strategic Partnerships: Tezos builds relationships with premier gaming companies like Ubisoft and Unity, targeting indie and hypercasual game genres.
- Tezos Unity SDK: Co-developed with Unity, this SDK facilitates game developers in integrating Tezos blockchain functionalities.
- User-Friendly Web3 Gaming: Tezos makes Web3 gaming accessible by removing common friction points, thanks to applications like Kukai Wallet.
Actionable Insights
- Embrace Fine Art in NFTs: Tezos’s success in the NFT space through a focus on fine art provides a unique approach to NFT marketplaces.
- Explore Real-World Asset Tokenization: Tezos’s strides in tokenizing real-world assets like gold and Real Estate highlight a promising direction in DeFi.
- Target Strategic Gaming Partnerships: Tezos’s partnerships with gaming companies and focus on user-friendly Web3 gaming offer a roadmap for blockchain gaming success.
