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The Living On-chain Thesis

Paul Joe and Michael Kelly
February 7, 2024

The Future is On-Chain

As blockchain technology matures, we're witnessing a fundamental shift in how people interact with digital systems. "Living on-chain" represents more than just using cryptocurrencies – it's about conducting meaningful portions of our digital lives through decentralized protocols.

What Does Living On-Chain Mean?

Living on-chain encompasses various aspects of digital life:

  • Financial Life: DeFi protocols for saving, investing, and transacting
  • Social Identity: On-chain reputation and social graphs
  • Work & Collaboration: DAOs and on-chain coordination mechanisms
  • Digital Ownership: NFTs and tokenized assets

Infrastructure Requirements

For this vision to become reality, we need robust infrastructure:

  • Scalable Layer 1 and Layer 2 solutions
  • User-friendly wallets and interfaces
  • Bridges between chains and traditional systems
  • Privacy-preserving technologies

Investment Opportunities

We're particularly excited about projects that make on-chain living more accessible and practical. This includes everything from account abstraction solutions to social protocols that preserve user agency while enabling network effects.