Thesis

1. Emergence of Rollup / App-chain Marketplace

We believe blockchain technology unlocks capabilities such as composability, trust minimization, security, and transparency. However, developing a custom blockchain is a complex and expensive process. This complexity drives projects to seek solutions that enable simple and cost-effective blockchain deployment. We foresee the evolution of a marketplace for blockchain infrastructure similar to AWS or Google Cloud, providing developers with the tools needed to deploy and manage their blockchains efficiently.

Initially, such a marketplace will focus on providing rollup solutions, enabling developers to deploy custom applications efficiently and cost-effectively. As these rollups are utilized and the deployed blockchains mature, they will begin to attract a growing user base. Once the blockchain infrastructure stabilizes and demonstrates its effectiveness, it will make sense to transition toward app-chain development. This evolution will allow developers to create highly customized blockchains tailored to specific use cases, optimizing functionality and user experience while promoting innovation within the ecosystem. By integrating app-chain capabilities into the marketplace, developers will gain the tools necessary to fully leverage the advantages of blockchain technology, driving further adoption and engagement.

2. Resolved Interoperability

Interoperability between rollup and app-chain solutions is vital for their success and an interconnected blockchain ecosystem. Without it, blockchains remain isolated, limiting communication and the sharing of data. This isolation hinders innovative applications that require cross-chain functionality and restricts user engagement. To maximize the potential of rollups and app-chains, seamless communication protocols are essential, enabling collaboration across different chains and fostering a more efficient blockchain landscape.

3. Seamless Web2 Onboarding

For traditional Web2 projects, it's unrealistic to expect that each of them will run their own blockchain. They will be looking for solutions that are compatible with their stack and can be easily integrated. This is where zero-knowledge technology and off-chain computation will play a crucial role. By implementing a "don't trust, verify" approach, these projects can leverage the benefits of blockchain technology without the need to run their own blockchain. This will open up new opportunities for blockchain adoption across various industries and applications.

RISKS

Risks associated with this thesis include:

• App-chain frameworks do not mature as expected, limiting their adoption.

• Interoperability is too complex to solve, and the ecosystem remains fragmented.

• Zero-knowledge technology does not mature as expected, limiting its adoption.

OPPORTUNITIES

If our thesis is correct, we anticipate a significant upside potential in the blockchain infrastructure market. The marketplace for blockchain infrastructure will become a fundamental component of the blockchain ecosystem, providing developers with the necessary tools to deploy and manage their blockchains efficiently. As rollups and app-chains gain traction, the marketplace will evolve to support these solutions, driving further innovation and adoption. With the integration of zero-knowledge technology and off-chain computation, the ability to use blockchain without actually running it will unlock opportunities not only existing Web3 projects but also those from the traditional Web2 world. This evolution will transform the blockchain landscape, making it more accessible, scalable, and secure, ultimately realizing the full potential of blockchain technology.