The next 1000X crypto probably won’t be a dApp platform, just like the next Bitcoin wasn’t another cryptocurrency. My thesis is that it’s one of these categories - 1. Stablecoins 2. Oracles 3. Interoperability 4. DEX protocols. Luckily unlike VC, crypto needs are more obvious.
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Stablecoin development is still in Petrie dish. Current offerings that have raised capital of $130m and less, have potential downward spiral attack vectors. A transitional phase is required for next 3-5yrs
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You need money to bootstrap these fragile systems early on before a network effect develops
End of conversation
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