NuWaves Live #25

The Spaces focused on the current challenges and opportunities in the blockchain and cryptocurrency market, discussing practical uses for crypto holdings beyond mere speculation. Jake from Moso emphasized the value of creating a flywheel effect for crypto users by offering ways to put crypto cashback to use and expand portfolios through DeFi. Tree from Milky Way introduced the concept of liquid staking and restaking to enhance security measures with strategies like supporting modular systems such as Celestia. The conversation highlighted the importance of improving user experience and reducing barriers for onboarding, pointing out issues with current user interfaces and the lack of effective educational resources. Overall, speakers shared insights on expanding blockchain applications, cooperating across ecosystems, and advancing user experience with new features and partnerships.

Weekly Twitter Spaces Recap with New Waves

Introduction and Context

The session began with an introduction from the host, welcoming listeners to the 25th episode of their weekly spaces series. The session promised exciting discussions, focusing on the fluctuating market conditions and ongoing developments within the community, specifically highlighting guest speakers from Milky Way and Moso.

Discussion Highlights

Market Conditions and Community Sentiment

• General Outlook: Participants expressed concerns about the volatile nature of the market. Jake mentioned the challenging market conditions and Tree humorously noted deleting his exchange apps to avoid the stress of market fluctuations.

Introduction of Guest Speakers

• Tree (Milky Way): Described Milky Way as a leading liquid staking and restaking protocol within the modular ecosystem, specifically Celestia. Highlighted plans to include more LSTs and partnerships across new L1s launching soon.
• Jake (Moso): Introduced Moso as a shopping platform offering crypto cashback incentives, focusing on increasing the utility of such incentives where users can select from over 4,000 merchants.

Opportunities for Crypto Utility

• Jake (Moso): Emphasized creating a 'flywheel' effect where users claim cashback and utilize it in different blockchain ecosystems. Moso explores low to high-risk avenues to educate and help users grow their portfolios.
• Tree (Milky Way): Discussed the concept of restaking as a secondary security measure for applications using LSTs. This allows users to earn yields indirectly by securing applications beyond traditional staking mechanisms.

Challenges and Opportunities in Onboarding Users

• General Discussion: Panelists agreed that transitioning from web 2 to web 3 remains complex, citing personal anecdotes about the difficulty of getting on-chain without guidance. Moon Pay was mentioned as an example of a difficult on-ramping service due to frequent transactional rejections.
• Tree (Milky Way): Highlighted the need for better educational resources that go beyond social media threads to guide new users seamlessly into crypto.

Future Developments and Features

• Tree (Milky Way): Announced upcoming expansions including integration with Inisha and exploring real-world asset tokenization (RWAs) in sectors like real estate and agriculture.
• Jake (Moso): Revealed plans to introduce a shopping assistant utilizing AI to enhance user experience by suggesting optimal shopping opportunities. Also mentioned upcoming partnerships that would benefit users by offering assets like SBTC which yield returns.

Closing Remarks

The host expressed gratitude for the insightful discussions, encouraged participants to stay engaged with the projects featured, and invited everyone to join the next session for further explorations of the crypto landscape.

This summary captures the essence of the discussion, presenting insights into market conditions, the role of Milky Way and Moso’s services in enhancing crypto utility, and the challenges of onboarding new users, providing a comprehensive overview of this episode.