- Brian Armstrong, CEO of Coinbase, shared the top 10 crypto ideas that he’s interested in.
- Flat coins, on-chain reputation, and on-chain ads were the top three crypto projects.
- Web3 job marketplaces, on-chain capital formation, and adding privacy to layer 2 blockchains were among the top ten crypto projects.
Brian Armstrong, CEO of Coinbase, a cryptocurrency exchange platform, shared the top 10 crypto ideas that he’s interested in. He encouraged others to look into those ideas and said, “Bear markets are the best time for building; why not start today?”
The first idea Armstrong spoke about was flat coins. He proposed a decentralized coin that tracks the CPI (Consumer Price Index) and is inflation-resistant. He mentioned some projects such as Nuon, which is a decentralized crypto that protects purchasing power from inflation, and Truflation, which is a decentralized service that tracks inflation.
Armstrong addressed trust issues in the crypto realm, and his second idea was on-chain reputation. On-chain reputation would be similar to Google’s PageRank, which allows users to trust a website if it has a high score.
On-chain ads were Armstrong’s third idea. A smart contract would share referral addresses with people if they sent someone to call a specific function in the contract. Hypelab, a web3 ad network that uses on-chain data for ad personalization, was mentioned in his video.
The fourth idea was on-chain capital formation. According to Armstrong, access to capital today is unevenly distributed, and “democratizing” capital would provide opportunities for people worldwide. The fifth idea was a Web3 job marketplace. A global marketplace with full-time jobs or contract jobs, all paid in crypto, to be able to send money to anyone anywhere without restrictions.
Armstrong proposed optional private transactions to add more privacy as the sixth idea he’s interested in. He mentioned Monero and Zcash, both privacy-focused cryptos. The seventh idea was on-chain P2P exchanges. He said decentralized P2P exchanges could encourage people where it’s difficult to put money into crypto to get involved. He mentioned Onboard, a project that helps people buy crypto with their credit cards. Armstrong’s eighth idea was on-chain games, followed by tokenizing real-world assets. Lastly, his tenth idea was tools for network states, an idea inspired by Balaji Srinivasan’s book, The Network State. The book introduced the concept of a country that starts from a computer. Armstrong shared that this network state could be a DAO with voting, governance, tax rules, citizenship, and services.
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