Durov, that guy, got picked up at the airport in France a couple of years ago for some tea. After that trip, his eyes seemed clearer, kind of like how CZ looked after settling his fines in the U.S.—low-key, humble, cautious, and reserved🤣🤣
Since then, he hasn’t mentioned anything about crypto communication, claiming tech is innocent, privacy is paramount, or fighting against the big five, you know the drill.
As a good bro backed by Musk, I wonder if the recent moves on the X platform sparked some inspiration (or maybe a sense of crisis? Or a safety signal?) for Durov.
After a long silence, he finally remembered he’s holding a global social network with over 1 billion monthly active users, which is a bigger potential user base than any public chain out there right now. Can you believe it took until the recent app update for him to elevate the crypto wallet to a primary entry point in the chat dialog?
Plus, the whole process doesn’t even require a seed phrase; you can just register with your phone number to get a wallet, which significantly lowers the learning curve. This time, the app's official team is replacing the #TON foundation as the main player and starting to build alongside XChat, giving off a vibe of splitting the world in two. The pace of business expansion from here on out is going to grow exponentially.
The ability to use social media at high frequency while hitting finance at low frequency has already played out in the WeChat Pay vs. Alipay battle, and we all know how that turned out. Just like in Web2, whoever dominates social media will dominate the landscape. Every exchange is ramping up its social features as a traffic pool for distribution.
I have a feeling that in the next market cycle, major public chains will integrate deeply with the app functionalities of their respective platforms, moving away from the previous model of just pulling traffic from the public domain and hatching similar DeFi and Perp Dex projects to attract users through airdrop incentives.
From now on, the gap between public chains will gradually become evident, and the barriers of tech narratives will weaken, shifting towards a traffic logic. Those without support from major platforms might need to start scouting for partners soon, or they could face industry shakeout and elimination.
Regardless, payments are going to be the main theme of the next wave in crypto, and it will be interesting to see who can ride the wave first.
Since then, he hasn’t mentioned anything about crypto communication, claiming tech is innocent, privacy is paramount, or fighting against the big five, you know the drill.
As a good bro backed by Musk, I wonder if the recent moves on the X platform sparked some inspiration (or maybe a sense of crisis? Or a safety signal?) for Durov.
After a long silence, he finally remembered he’s holding a global social network with over 1 billion monthly active users, which is a bigger potential user base than any public chain out there right now. Can you believe it took until the recent app update for him to elevate the crypto wallet to a primary entry point in the chat dialog?
Plus, the whole process doesn’t even require a seed phrase; you can just register with your phone number to get a wallet, which significantly lowers the learning curve. This time, the app's official team is replacing the #TON foundation as the main player and starting to build alongside XChat, giving off a vibe of splitting the world in two. The pace of business expansion from here on out is going to grow exponentially.
The ability to use social media at high frequency while hitting finance at low frequency has already played out in the WeChat Pay vs. Alipay battle, and we all know how that turned out. Just like in Web2, whoever dominates social media will dominate the landscape. Every exchange is ramping up its social features as a traffic pool for distribution.
I have a feeling that in the next market cycle, major public chains will integrate deeply with the app functionalities of their respective platforms, moving away from the previous model of just pulling traffic from the public domain and hatching similar DeFi and Perp Dex projects to attract users through airdrop incentives.
From now on, the gap between public chains will gradually become evident, and the barriers of tech narratives will weaken, shifting towards a traffic logic. Those without support from major platforms might need to start scouting for partners soon, or they could face industry shakeout and elimination.
Regardless, payments are going to be the main theme of the next wave in crypto, and it will be interesting to see who can ride the wave first.