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NextMeta
2024-06-20
Protocolization & Composability Moats w/ David Phelps
Host
peth
Guest
David Phelps
45:24
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About the episode

In this episode of NextMeta, peth sits down with David Phelps, co-founder of JokeRace and a premium quality shitposter on crypto twitter. If you donā€˜t know David, you should really follow him on twitter!

Tho his unique humorous-yet-informative takes on latest happenings in crypto are what a big part of what helped David rise to prominence, heā€˜s also a successful second time founder with loads of wisdom on building in web3.

"You lose some moats, but you gain others. And it's quite exciting to think about how that can play out at an application level." - David Phelps on interoperability

Topics discussed
- David's background & past success
- The evolution of DAOs & Davidā€˜s interest
- The "ProtoApp Thesis" & the only viable moat
- Challenges with token-based voting & the shortcomings of financial incentives
- The role of social incentives in retaining users
- The divide between the crypto-native audience and those who genuinely need decentralized financial solutions
- The importance of scalability, UX improvements & interoperability in Web3

Mentioned
- David Phelps http://twitter.com/divine_economy
- JokeRace https://jokerace.io/
- EigenLayer https://www.eigenlayer.xyz/
- The Proto-App Thesis https://davidphelps.substack.com/p/the-proto-app-thesis
- Bello https://www.bello.lol/
- Warpcast https://warpcast.com/
- Monad https://www.monad.xyz/
- Celestia https://celestia.org/

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