Too many people in the world underestimate the time axis
Every Saturday is a weekly review article.
Good morning.
I'm Mitsui, a web3 researcher.
Every Saturday is a review article for the week. If there are any articles you haven't read yet, please take a look at them when you have time on the weekend!
Research articles of this week
Please take a look at the articles you haven't read yet!
My personal top 3 news picks
Solana's web3 smartphone 'Chapter2' achieves 100,000 reservations. The first pre-order ends on the 14th
Solana Mobile's web3 smartphone 'Chapter2' has surpassed 100,000 pre-orders
'Chapter2' is the second web3 smartphone by Solana Mobile, following 'Saga'. Pre-orders started on January 17th last month. The shipping is scheduled for the first half of 2025
'Saga' started general sales in May 2023, and despite some price reductions along the way, it sold out its 50,000 units in December
As ETH restaking heats up, EigenLayer's cap lift prompts $4 billion inflow
Liquid restaking platform EigenLayer has seen a $4.3 billion inflow in the past 10 days, becoming the fifth largest protocol in DeFi
After EigenLayer lifted the staking cap on February 5th, inflows increased. This decision was aimed at attracting 'intrinsic demand'
Restaking is a way to earn additional yield with ETH already 'staked' on the main Ethereum blockchain. Investors staking ether on Lido can currently generate an annual yield of 3.7%
Klaytn and Finschia merge to form Asia's largest Web3 ecosystem
Layer 1 blockchains Klaytn and Finschia announced on Thursday that a proposal to integrate the two networks has been officially approved by the governance members of both foundations
"Our efforts culminate in building Asia's largest Web3 ecosystem, which includes governance with a user base of over 45 companies, 420 dApps and services, and wallet users from Asia exceeding 250 million," according to a press release
Klaytn is backed by South Korean internet giant Kakao, and Finschia is developed by Japanese messaging conglomerate LINE. Both have established networks in Singapore, Vietnam, Taiwan, Thailand, and Abu Dhabi
Token and governance are expected to be integrated in the second quarter of this year, with a new native token to be introduced
Too many people underestimate the time axis
This is something I've been thinking about recently.
Over the last few days, Bitcoin has been doing well. It has hit a record high in terms of yen, and other altcoins are also being pulled up by Bitcoin. It feels like we're finally recovering from the FTX shock and the spring era is returning.
Airdrops are also being actively implemented, and it feels a lot like the NFT bubble of 2021, with PFPs being born and booming one after another.
Naturally, as someone who is in the web3 market and holds Bitcoin, I am happy to see the price rise. However, I try not to get too excited or disappointed by the timeline of this moment alone.
I personally take the "time axis" very seriously, aiming to stand at the top and secure a solid position not in a few months or a year, but in five or ten years.
It's a well-known story, but when Amazon founder Jeff Bezos and Warren Buffett had a conversation, Bezos asked, "Why doesn't anyone imitate your methods?"
Buffett replied, "Because no one wants to get rich slowly."
Warren Buffett, famous as the world's top investor, has a simple investment principle. He is committed to long-term holding and, conversely, only invests in things that can be held for the long term.
It is probably a human instinct, but we tend to jump at things that seem to make money in the short term and evaluate projects based on news that seems to be doing well now. I think the advent of social media has accelerated this trend. I believe there is a significant discrepancy between evaluations on social media and results based on actual demand.
This is not just about web3, but depending on how far you want to expand your activities and where you ultimately want to end up, you will need to keep building steadily without worrying about people's eyes or evaluations, without being swayed by short-term temptations or price fluctuations.
I'm happy about the rise in Bitcoin, but I think the expansion of the web3 market is far from over, so I'll keep writing this newsletter steadily so I can run alongside the market expansion in the long term!
Thank you for reading this week's article. I look forward to your continued support!
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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Author
mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
Contact
The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
Telegram：@mitsui0x
*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.