3 Key Trends in Blockchain, DeFi & NFT
DAOs to empower global communities to allocate resources to talents around the world.
NFTs will form the asset layer for Web3 and the bedrock for new types of financial instruments.
Decentralized Finance will democratize access to financial products to the underbanked around the world.
While there are a lot of content that will explain blockchain and crypto especially from business schools like Stanford online or Columbia Business School’s Blockchain in Business, we believe nothing beats execution when it comes to building a brand new product when it comes to Blockchain, DeFi or NFT.
Education can only get you so far. The fastest way to get up to speed with the basics is to download a Web3 wallet like MetaMask or similar, buy some Crypto and develop a basic understanding.
A startup is by definition connecting the dots. The most impactful consumer brands are built for aesthetic reasons- think of Square, Paypal, Apple and Robinhood. It is an expression of values and souls of the founders.
You’ll internalize Web3 concepts by playing with products even better if you’re a creator designing a product from the ground up.
DAOs
Decentralized Autonomous Organizations (DAOs) are internet-native organizations that are permission less, transparent and verifiable by anyone. DAOs have the potential to acquire customers, investors, and contributors in minutes instead of months, acquire bank accounts in seconds, make decisions transparently, and more. We will see an accleration of DAO being created this year, from tweaking governance structures to finding new ways to incentivize contributors.
Let’s simplify this further. DAOs can take a number of forms depending on its intent and purpose.
Social DAOs (Built around the community)
Protocol DAOs (collective entities to help a protocol)
Investment DAOs (for-profit business that invests in assets or companies)
NFTs
NFT art is just one use case of this new primitive. NFTs can represent credentials, memberships, financial positions, baskets of assets, tickets, music, in-game items, real estate, social networks, identities, and many more. Despite billions of dollars transacted each month in NFTs, we are still in the early stages of unlocking NFT use cases.
However, the challenges in NFTs today will be lack of pricing mechanisms. First of all, most NFTs lack liqudity and there are currently no financial derivatives formed on top of NFTs. If the two challenges are solved, NFTs could unlock a board range of use cases and increase greater adoption.
Other use cases include NFT Airdrops to core team members, advisors, partners, influencers. NFT based memberships are also a great way for startups to create multiple tiers of membership.
NFT revenue management- Sending proceeds of primary sale revenue to DAO treasury, operating entity etc.
NFT financial products — Like assets in the real world, in the near future NFTs could have a derivatives market and various financial products built on top of it to make NFTs more useful.
DeFi
It’s clear that Traditional Finance is getting Disrupted by DeFi Fintech Companies but DeFi is just getting started. DeFi sectors of crypto have grown from $1.7B to $250B in Total value Locked (TVL) in the past 15 months.
So when will DeFi become gain mass adoption? 🧠
The focus here is to leverage DeFi technology with a simplified UI & UX to help individuals and businesses manage payments and financing more efficiently and transparently. Think more frictionless and user-friendly Fintech Apps.
While most Fintech platforms today are using Web 2.0 technologies. The third generation of the internet called Web 3.0 is a concept of edge computing built on top of the blockchain, cryptocurrencies, NFTs, and other technologies. So is Web 3 already here? While there is no solid definition of Web 3, we are seeing existing Web 2 companies transitioning into Web 3 to reshape the web.
The next trend in DeFi is emerging as DeFi is growing into non-Ethereum chains to make on ramp costs much lower for the average user. As more users come onboard into the DeFi ecosystem, Singular is looking to bridge yield opporununities across chains and provid simple exposure to complex strategies like
Delta-Neutral Yield Farming
Leverage Market Making
Multi-strategy DeFi Funds
Downside protected Lending
What we are most excited about is Mobile DeFi experiences. Most DeFi apps today are optimized for desktop experiences, leaving out a huge potential chunk of users who are using mobile as their everyday device. At Singular, we are building a first-class mobile experience for the masses as our team of DeFi experts simplify complex DeFi strategies with institutional-grade security and verification process.
We believe that digital wallets and DeFi is ready for prime time.
Smart contract-based financial transactions settle in near real-time almost anywhere in the world. Revenue per employee illustrates DeFi’s efficiency relative to that of traditional finance (TradFi). Source: Y Charts, ARKK Invest.
Singular’s mission is to democratize access to Crypto and DeFi investing. Our main product, gas-free DeFi App, aims to do just that. We set out to design the most beautiful DeFi investing experience ever made. We repeatedly iterated over every tiny detail.
We meticulously crafted every interaction by our initial cohorts of early adopters. We are taking an incredible invention in DeFi, adding a DAO, and making the Singular App Mobile-Centric.
Consider the smartphone revolution when the first iPhone was unveiled just 15years ago. Now there are +6.3 billion smartphone users (That’s 80% of Humans) but there are only 4 million Ethereum DeFi users growing at 800%.
Singular believes the tech adoption of DeFi combined with mobile technologies is getting faster. Singular Mobile gives you the best of DeFi with a beautiful UI & UX and peace of mind.
How to Get In Touch
We welcome disruptors, innovators and creators of Web3 to join us in this revolution. We welcome conversations with early founders building in Web3 as we are building out SingularDAO as a platform for global talent networks and expertise in blockchain and DeFi.
You can get in touch with us through emailing the cofounders of this project, terrence@singular.to.
Disclaimer
You should not construe any such information or other material as Investment, financial, legal, tax, or other advice. Nothing contained in this publication constitutes a solicitation, recommendation, endorsement, or offer by Singular Capital or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Any forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Past performance is not a reliable indicator of current or future results. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
Reference of any securities or digital assets are for illustrative purposes only, and does not constitute an investment recommendation. Digital investments are speculative, involve complex instruments, and carry a high degree of risk. Such investments generally involve additional risks including limited transferability of investments, less investor protection, and less information to investors than would apply in major securities markets. An investment should only be made by those persons who could sustain a loss on their investment.
We may have previously held, currently hold, or will in the future hold tokens in some of the projects mentioned in this publication. We do not short tokens. Nothing in this publication should be construed as financial advice.
For more information, please visit www.singular.to