Twali Wrapped - NFTs vs ERC20s, the Lucy Pappas Interview, & Curating the Lobby.so
In Twali Wrapped expect to find will find a review of the past week’s news — updates from Twali Town Halls, Flux takeaways, latest bounties — alongside ways to get involved, community spotlights, and a glance to the week ahead.
To all verifiably Twali,
In this edition of Twali Wrapped, we look back on this pivotal week where we gained so much. Now equipped with a logo, we interviewed Wagmi Wilson of lobby.so, sat down with Lucy Pappas, an editor of Twali Wrapped — which will be undergoing a huge shift in the coming weeks — and considered whether or not ERC20s were a thing of the past.
Twali: A Week in Review
Community Discussion on NFTs vs ERC20s - March 1st.
Last Tuesday, we had a community call about the use cases for NFTs as governance tools to potentially replace ERC20s. Below is a short excerpt from Twali core team member, nc2k#1710.
“For me, what was most fascinating was how regardless of the technology we use to deliver incentives, web3 allows multiple pathways to achieve it, and not being a maximalist in that respect is important. By leveraging the rarity element of NFTs along with the direct financial incentives that ERC 20’s can deliver, we can build a unique reputation logic that can have sticking power, even if the token goes through price fluctuations. What we have left to work out is if we want to focus on reductive or additive benefits, along with the specifics on what metrics influence our reputation score - not so much if it will be powered by ERC 721 or ERC 20.”
Flux: On the Future of Werk w/ Wagmi Wilson - March 2nd.
Last week we interviewed Wagmi Wilson, founder of Lobby, a decentralized knowledge management primitive looking to solve the information asymmetry in DAOs. Simply put, it creates a customizable system to incentivize documentation and information management. Below are some key takeaways from our conversation.
Key Takeaways:
On Contributors: Bottoms up is the best way to build out community as Those willing to contribute and add value will reveal themselves if opportunities are presented
On DAOS: DAOs allow us to try out different economic models and organization structures at the speed of code
Blockchains should be used in spaces where you need trust, not simply just for products.
Reach out to Cokie (@cokie#6063) if you have ideas for how we could improve our Flux sessions and topics you would like to be covered.
Twali Community Spotlight: Lucy Pappas, editor at Twali Wrapped
Lucy has just come on as one of the core editors for a pivotal shift in Twali Wrapped which will materialize next week (so stay tuned!) I sat down with her to hear about all the fascinating things she’s doing in her time offline. Enjoy.
David: So really quickly, what’s your background?
Lucy: I work as an editor at an econ Research Lab at Stanford, studying China’s economy and institutions — specifically the rural economics of China. I love languages. I’ve been learning Chinese since the 8th grade. The lab is composed of agricultural economists looking at the effects of the rural urban divide on China’s development from a middle income country to a high income country, which is one of the goals of their economic plan right now. As an editor, I focus particularly on early childhood development in urban versus rural environments and how those different contexts impact the sort of economic force that demographic is able to generate for China.
While 55% of China is characterized as rural, the economic inequality between urban and rural China — which is massive, far greater than the US, especially in terms of with billionaires to not — is not is not on track with the economic goals of China: to emerge from the middle income trap, like Ireland, Taiwan, South Korea, and Hong Kong. Ireland is an example of a middle income country that has shifted to a high income country through skills development, education, and policy. Thus, Chinese researchers work with us to figure out how to best mobilize the economic force of their rural body.
David: How’d you get into crypto?
Lucy: It was the start of the pandemic. I was having conversations with my family about it, figuring out what crypto was. So it’s been two years now of reading, investing, and watching the behavior of the markets and diving into wormholes like, what are DAOs? I actually found out about DAOs more recently when I was looking at venture capitalist funds — specifically women-founded VC funds, which might be an interest of mine down the road.
What got me excited about web3, crypto, whatever we want to call it, was this concept of digital money. When I lived in China, I paid for everything through Alipay, a mobile payment platform.
While I lived in Hangzhou, a city in Zhejiang province, I don’t think I ever used paper money. There were very few institutions that I went to where you could pay with cash. So the explicit combination of technology and money is just so fascinating to me. There’s just so much there. That and I’ve also always been into computers. I took a few classes in computer science. I’ve always been the person in my family to fix our technological devices. It’s just developed this relationship with technology which, in tandem with my experience of financial systems on a global scale, really excites me about this new phase of growth.
David: What does crypto need right now?
Lucy: It’s said a lot but I’ll say it again, clear, accessible definitions. I feel like there’s still so many people who are against blockchain simply because there’s a lack of clear and concise information and path for understanding the technology actually.
DAOs for example. I remember when I first was looking into that, I was having trouble understanding these vague, virtual structures. It’s like, okay, I understand what a corporation looks like, I understand what an LLC is, now how does a DAO actually work in practice? Where do people fit into this?
Honestly, the best mental model was seeing this in practice in the Twali discord. The energy and the proactive coordination gave life and a great visual for how people fit into this structure that’s commonly described in a rather esoteric manner. Also, there was a graphic I saw online describing DAOs as bottom-up and around, rather than top down. I’m really seeing it in action.
A Look Ahead
Upcoming Bounties
Would you like to lead a Happy Hour? Starting soon, Twali will host vertical specific happy hours. We’re looking for people interested in leading a happy hour for their area of expertise. Their responsibilities would be to guide, and then summarize the day’s conversation about an article or recent piece of news. Interested? Simply fill out the submission form below and specify your vertical. Happy Hour leaders will receive $50 in ETH.
For more details, please DM David (@David C R Feld#4743)
Upcoming Events
Flux: on the Future of Werk: Our last Flux call for a while will next Wednesday, at 12 PM EST. We’ll be joined by Chase Chapman, the cofounder of Decentology, to discuss the operational pain points for DAOs, the state of education in crypto, and what she’s learned about organization from her time at Decentology.
Fantom Deep Dive: Eli Kamerow (ColeSelzer#5287) will host a deep dive on the Fantom ecosystem next Friday at 4 PM EST. Fantom has had incredible growth these past few months and is being touted as one of the best places for DeFi. Tune in to the Twali Lounge to learn more!
Twali Wrapped
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