What’s next for development on Solana?
In this Twitter space, host of Pyth Network speaks with Bonfida, Squads Protocol, GooseFX, Chase Barker, head of developer ecosystem at Solana Foundation & Saeed, Strategic Partnerships at Jump Crypto, to talk about things to look forward in crypto, developments, what they are building & a lot more.
Read our notes below to learn more.
Pyth Network’s background
Sends financial data from market makers, exchanges & traders to the blockchain.
Any dApp, DeFi or any other applications can make use of the financial data to power what they’re building.
Chase Barker’s background
Bringing in the most developers & building out the most education to attract the strongest developer community in Web3.
Squads Protocol’s background
Infrastructure in Solana that allows DAOs, teams & institutions to manage their treasuries, program workflows & validators.
Bonfida’s background
Home of Solana Name Service.
Creating developer’s resources for the Solana Ecosystem.
Saeed’s background
Working with Jump Crypto focusing on strategic partnerships.
Jump Crypto is a builder, trader & investor across the crypto industry.
Contributes to a lot of open source projects.
Contributes data to Pyth Network.
Doing research & development on Solana.
GooseFX’s background
A full suite DeFi & NFT exchange in Solana.
Pyth Network’s future insights
Looking forward to bringing more U.S. & international equities & commodities.
GooseFX’s future insights
All mobile developments coming forward like the Saga phone.
Evolution of crypto & how user activity will switch from web apps to mobile phones.
Saeed’s future insights
Seeing the quality of projects that are deciding to build xNFTs is pretty amazing.
Over all the people that hold or ever held crypto, only 4% of them interacted with DeFi.
Thoughts on current market situations
A lot of people in 2021 are only there for the cash grab.
Going back to a very community centric approach.
Bullishness gets you excited, distracted & makes you do things aimlessly.
The signal to noise has shifted & the noise is coming down.
A high concentration of real talent that has proven itself in the Solana ecosystem.
A lot more interest in self-custody & not relying on centralized finance.
A lot of high tension in the space that you see back & forth.
The infighting can become problematic over time & can become a contagion itself.
The Solana ecosystem has a nice history of people & competitors working together like what happened to Serum (DEX on Solana) fork open book.
The big difference between Web2 & Web3 is there’s a sense of genuine narrative to work together & you don’t see that in Web2 context.
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Chase on developer education
A six week bootcamp to be built in Solana core that takes you all the way from the client to the backside & writing smart contracts using Python (a programming language).
Taking all education that’s been built out & working with third party educators.
A Solana hacker house coming up in Turkey & partnered with a group called Patika.Dev which is a 90,000 developer distribution channel who’s going to be doing a 12 week bootcamp.
Thoughts on Hackathons
There needs to be an optimization towards the success of projects & helping them along the way.
A lot more quality projects that come out.
Some projects with great teams & ideas don’t get recognized.
Thoughts on Developers & Projects
Developer talent is absolutely necessary & critical but it may not be enough.
The more people come into space, the more competition begins against flowing.
There’s an over leverage in engineers & a lack of product, marketing & full team of people.
There needs to be an increased focus on products & make sure that the teams are able to market them, get funded & build teams.
Bridging the gap to a demographic age of 30 to 40 years old is harder compared to youth that you can easily talk with through universities or social media.
There is a need for an individual or project that guides young or new people coming into space that has really good knowledge & willingness to learn.
Saeed’s Thoughts on Incubation
It is extremely valuable to get everyone together, learning from each other & building new stuff.
Started working on The Pit as a permanent space in Chicago for anyone in Web3 or that’s building something that is interesting in crypto can hang out, work or potentially be incubated.
Chase on Solana hacker House Events
Last year, there were 24 hacker houses.
This year started in Turkey then will continue to Australia, Vietnam, Taiwan & New York.
Educating people through bootcamps that leads them into a hacker house.
Getting some exposure & getting involved is good because it will be streamlined & focusing on quality over quantity on a regional level.
Q&A:
Q: Does Squads Protocol have plans to have SPL for SPL & NFT governance?
Team not doing governance.
Multi-sigs & smart wallets are in a different infrastructural realm.
Team doesn’t have plans related to governance standards, governance contracts or anything like this.
You will be able to utilize our mesh framework to spin up some DAOs in a form of multi-sig.
Q: What’s the hiring landscape looking like?
Team are still receiving an influx of applications in Pyth to the point they’re comfortable opening new roles & still growing in the engineering front.
One of the things that hasn’t come across yet is someone who’s working in Web3 choosing to leave & go back to Web2 or TradFi.
Some of the smaller protocols who have been impacted by recent events & people leaving those protocols are probably looking for other opportunities in Web3.
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TODAY’S EDITION IS BROUGHT TO YOU BY THE APE ENCLOSURE
Can’t keep up with all the narratives in crypto?
The Ape Enclosure by blocmates gives you the latest news, narratives, & more, in a fun & engaging format.
The Ape Enclosure keeps tabs on everything crypto, so you don’t have to.
Act now, sign up below to stay up to date.