In this episode of The Rollup, Zon discusses the innovative approach of Initia's interwoven economy, which challenges traditional multi-chain designs. The conversation delves into the ethical considerations of building in the crypto space, the strategic growth of Initia's ecosystem, and the implications of their unique economic model.
1. Ethical Building in Crypto
- “One of the most common feedbacks we've gotten is that we need to be doing more crime, and we've done no crime so far.”
- “Your goal is not to launch super high up front; your goal is to build something over the long term.”
- Ethical practices are crucial for long-term success, despite pressure to engage in unethical activities.
- Building trust with users and investors is essential for sustainable growth.
- The current market environment often rewards unethical behavior, but a shift back to quality is anticipated.
2. Initia's Ecosystem Growth
- “Since we last talked, there's been around seven more interwoven roll-ups, so now we're at around 15 that have been publicly announced.”
- “There's around 26 million that has been put into rollups on the interwoven economy, and then Initia itself has raised 25.”
- Initia's ecosystem has expanded to 15 interwoven roll-ups, with significant funding secured.
- The ecosystem's growth indicates a strong product-market fit, even before the official launch.
- Initia's approach focuses on supporting teams with marketing, community building, and funding.
3. Interwoven Rollups and Economic Model
- “VIP rewards are emitted on the layer 1, so even if you are a user of these layer 2s, you still claim these assets on the layer 1.”
- “We're trying to build this world where you have lots and lots of rollups, but they all play really nicely together.”
- Initia's VIP program incentivizes long-term engagement and cross-pollination among roll-ups.
- The economic model aims to create a seamless user experience with minimal friction between applications.
- The focus is on building a cohesive ecosystem where value flows back to the Initia layer 1.
Key Takeaways:
- Initia's ethical stance and long-term vision set it apart in a market often driven by short-term gains.
- The rapid growth of Initia's ecosystem, with substantial funding and roll-up expansion, highlights its potential.
- Initia's interwoven economy and VIP program foster a collaborative and sustainable multi-chain environment.
For further insights and discussions, watch the episode here: Link
