In this episode of Hot Topics on the Edge of NFT, Richard Carthon and Josh Krieger dive into some of the most exciting recent developments in the Web3 space. They explore Solana’s Breakpoint Conference highlights, including a groundbreaking partnership with Google Cloud to bridge Web 2.0 and Web 3.0 gaming. Other topics include Mochaverse and Magic Eden’s collaboration on the Magic Mocha NFT launchpad, Celestia’s impressive $100 million funding round, and the potential impact of de-telegrammization on the TUN network.
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Key Topics Covered:
- Solana and Google Cloud Partnership:
Richard and Josh discuss the unveiling of GameShift, an API designed to bridge Web 2.0 gaming with Web 3.0 services at Solana’s Breakpoint Conference. They highlight the implications for the gaming industry and the broader Solana ecosystem, particularly with Coinbase’s wrapped Bitcoin (CBTC) entering the Solana space. - Mochaverse and Magic Eden Collaboration:
The hosts break down the Magic Mocha NFT launchpad, a new platform that curates high-quality NFT projects from key cultural sectors like gaming and sports. This partnership enhances the value of Mochaverse NFT holders and furthers NFT membership benefits. - Celestia’s $100 Million Funding Round:
Celestia’s modular blockchain technology secured a massive funding round led by Bain Capital Crypto, and Richard and Josh discuss what this means for the future of blockchain scalability, data availability, and investor confidence in the project. - De-Telegrammization of the TUN Network:
With regulatory concerns growing, the hosts explore the possibility of Toncoin distancing itself from Telegram. They discuss how this move could impact the TUN network and Toncoin’s future performance, especially in bullish markets.
What was your favorite quote or lesson from this episode? Please let us know in the comments on YouTube. https://www.youtube.com/@edgeofnft/
Episode Highlights:
- Richard Carthon on Solana’s partnership with Google Cloud:
“The fact that Google is going straight into bridging Web 2.0 gaming with Web 3.0 services is massive. It shows how large Web 3.0 gaming is going to become.” - Josh Krieger on Mochaverse and Magic Eden collaboration:
“This partnership with Magic Eden will take NFTs and membership to the next level. If they pull this off successfully, it could revolutionize the Web3 space.” - Richard Carthon on Celestia’s funding round:
“Anyone that can raise $100 million has something special, and this funding round shows that investors are betting on the future of modular blockchain technology.” - Josh Krieger on the de-telegrammization of Toncoin:
“Creating independence from Telegram and being proactive on the regulatory front makes sense. It’s going to be interesting to see what happens next with the TUN ecosystem.”
For the full transcript, see further below.
People and Resources Mentioned:
- Google Cloud: Google Cloud
- Solana’s Website: Solana Labs
- Coinbase’s Website: Coinbase
- Mochaverse’s Website: Mochaverse
- Magic’s Website: Magic Eden
- Animoca’s Website: Animoca Brands
- Website: Hamster Combat
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Full Episode Transcript:
Richard Carthon : Welcome to Hot Topics on the Edge of NFT. I'm Richard Carthon. I'm here with my co-host, Josh Kriger. We're diving into the latest and most exciting developments in the world of Web3, blockchain and digital assets.
Josh Kriger: Today we're covering an exciting announcement by Solana around their new relationship with Google Cloud, the strategic collaboration between Mochaverse and Magic Eden to create the Magic Mocha NFT launchpad, Celestia's impressive $100 million funding round that underscores investor confidence in modular blockchain technology, as well as the potential impact of the de-telegrammization on the TUN network.
Richard Carthon: It's another production of the Edge of Company, a rapidly growing media ecosystem powering the pioneers of Web 3.0 tech and culture.
Josh Kriger: Let's start with this exciting partnership between Solana Labs and Google Cloud, which unveiled GameShift, a new API designed to bridge Web 2.0 gaming with Web 3.0 services. This development was one of the many announcements at the 2024 Solana Breakpoint Conference we recently attended. As a result, it simplifies the integration of blockchain and features like NFT and digital asset management for game developers, making it easier for them to adopt Web3 tech. So, Richard, we both had a chance to go to Breakpoint, and it was a really well-done experience with a lot of big announcements. How does this particular one stack up for you in terms of implications for gaming?
Richard Carthon : It's a huge one. Google is one of the biggest companies and names out there. And the fact that they are going straight into a bridge with Web 2.0 gaming to Web 3.0 services is massive. And it shows the implication of how large Web 3.0 gaming is going to become. Also want to speak about another thing that got announced, which is Coinbase's wrapped Bitcoin token, the CBTC, which is being integrated into the Solana ecosystem. It's going to allow Bitcoin holders to utilize their assets on various DeFi applications on Solana, enhancing liquidity and trading options. And the reason I thought this was really cool is because for everyone who's been listening to us for a while, you know that I'm very bullish on the Bitcoin ecosystem, especially this cycle. And the fact that Solana is trying to play very nice with the Bitcoin ecosystem and setting up these types of partnerships, I think is very bullish. not just for the entire market, but especially for those who are very much in the Solana and Bitcoin ecosystem. So I thought those two pieces were cool. I also just want to speak to Solana Breakpoint. Amazing conference. I was not expecting as many people to attend. The look and feel of how they arranged the event itself was awesome. The attendance was great. The people there were very locked in on Solana and what's to come. We have some really cool content coming out soon, so be on the lookout for that. But Josh, you know, what's your takeaways from these announcements and from your experience at Solana Breakpoint?
Josh Kriger: Yeah, I mean, I think mass adoption is the theme for me, right? We had a chance to talk to one of the phone teams. They're bringing sort of telecom and blockchain together on the Solana network. This Google announcement plus sort of opening up the world of Solana to folks that are interested in sort of getting access to BTC without having to go off-chain. I think these are powerful concepts that sort of open up this future of this massive convergence we've been talking about. And I think Solana was very thoughtful with how they orchestrated this event, these announcements. They threw a great overall conference, a great after party, so kudos to the Solana team around the horn. Let's move on to another big announcement, which is this partnership between Mochaverse and Magic Eden that is getting a little bit more intricate, if you will. I mean, obviously, the Mocha ecosystem does trade on Magic Eden, But now there's going to be the launch of the Magic Mocha, which is the NFT launchpad exclusively for the Mochaverse community. This platform aims to curate high-quality NFT projects from key cultural sectors like gaming and sports, providing early access to holders of Mocha NFTs in the Mocha coin, And I knew something big was coming. Full disclosure, we are part of the Animoca brand's portfolio. We do hold Mochas. Regardless, independently and objectively speaking, this is a really big moment for the Web3 space in terms of taking this concept of NFTs and membership to the next level, partnering with a major marketplace to do something special for the community. And it's definitely going to increase the long-term sort of, I would say, value proposition for membership communities if they can pull off something like this successfully. What are your thoughts?
Richard Carthon : I think this news does two things very well. The first being leveraging both of these companies' strengths. With Mochaverse being part of Animoca's brand, it has an extensive portfolio of over 540 companies in Web3. And so having a launchpad that allows for some of these things to come out is awesome. And then, of course, with Magic Eden just being a place where people that are involved in NFTs, ordinals, runes, have a place to go and participate in that type of marketplace. So I think creating this system and making things, the second thing being interoperability, that is like very important, because it's going to help with the engagement of tapping into these two different ecosystems by helping people with the reward side of participation. So I think this is a nice blend. I think it's a good collaboration, and I'm excited to see how this takes off in the coming months.
Josh Kriger: Yeah. So the launch has anticipated in Q3 of 2024, which I guess is right around the corner. So could happen any day now. And it's going to be a really interesting opportunity for both developers and collectors in coming months. So stay tuned there. And what else is going on, Richard?
Richard Carthon : So let's talk about Celestia and how they just secured $100 million funding round. So they just closed that $100 million and the fund was led by Bain Capital Crypto. Obviously, this is a huge boost to their blockchain project, especially when you consider how they're focusing by improving data availability and scalability in decentralized applications. Celestia has been around for a while. It's one that I personally have been watching for quite some time. And I thought, I mean, anyone, any company that can raise $100 million, that's bullish. But the fact that Salish has been around as long as it has and just secured this funding, I think is even more bullish for the technology that they're building underneath. What did you think about this news?
Josh Kriger: Yeah, I mean, we know the team and definitely interesting to see sort of something like this come about with such an impressive backer as Bain. I think that Celestia has done a good job of differentiating themselves from other blockchains with the more modular architecture that separates consensus execution data availability into different layers. And the name of the game there is greater flexibility and scalability compared to traditional more monolithic blockchains. So I'm interested to see how they can actually execute on this this grander vision of scalability at this time.
Richard Carthon : Yeah, I think another thing to consider here is like, sure, people can go look at token price and Celestia's token that hasn't necessarily wowed people in the last several months. But the tech has to be there. Like Bain is not just going to go put $100 million into a project that's not headed anywhere. I think it's a gentle reminder that even though there are some projects that have been out for a while and maybe their price hasn't necessarily their token price hasn't done a whole lot doesn't mean that the tech behind it isn't solid and doesn't have a second wind as we head into this next cycle. So I'm sure there's a lot of other gems out there. This is just a really good reminder that there is a lot of companies that have survived to this moment that still have a lot of upside to them.
Josh Kriger: Yeah, very good point indeed. So moving on to a popular topic these days, which is the TUN ecosystem. We just read that BigGat has released a research report on the Open Network Foundation and made some bold predictions about its future. So they're suggesting that TUN might actually need to distance itself from Telegram to mitigate regulatory risks, which they would term de-telegrammization. And this could be a significant shift for the ecosystem, especially considering how closely tied it is to Telegram's user base.
Richard Carthon : Yeah, I think it's a it's a valid concern. Usually when you have things that come under scrutiny from a regulatory standpoint, you try to distance to potentially save yourself. And I wouldn't be surprised if the token ton starts to do the same with with Telegram and the policies that recently changed on Telegram, not necessarily into an encryption as far as not sharing all the information with governments after the president or of CEO of Telegram got locked up, changed his position really quickly to get himself out of that situation and future policies moving forward to not get in that kind of trouble again. But that's for one aspect of the company. But what does that then do to your token? So how do you then try to delineate the two so that the token then can't be attacked for similar things. So I think this is a hot take, but I think it's a hot take that has a lot of merit and will probably happen. What do you think?
Josh Kriger: So really good points, Richard. The report also indicates that Toncoin might outperform Bitcoin spot return in a bullish market. Not too surprising. I mean, you look at the amount of activity happening on there, the games, hamster combat as we speak. today has gone live with their token, one of the largest airdrops in history, if I'm not mistaken. So creating some independence and sort of being proactive on the regulatory front makes a lot of sense. And it'll be really interesting to see what happens next with this ecosystem.
Richard Carthon : That's a wrap. We've covered Solana's exciting announcement, strategic collaboration between Mochaverse and Magic Eden to create the Magic Mocha NFT launchpad. So let's just impress a $100 million funding round that underscores investor confidence in modular blockchain technology, as well as the potential impact of de-telegrammization on the OpenTUN network.
Josh Kriger: So a big thank you today to our listeners for joining us. We want to hear from you. What are your thoughts on this week's hot topics? Share your insights with us on socials.
Richard Carthon : Stay curious and keep pushing boundaries. Your voice shapes the future. Thank you for tuning into Edge of NFT. I'm Richard and I'm here with Josh signing off. Stay secure, stay curious and catch you on the flip side.
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