Research Piece: Mutual Funds
Vanguard's real innovation wasn’t index funds—it was mutual ownership. By letting funds own their management company, there was no need to profit off investors—they were the owners.
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Research Piece: Mountain Clubs
Mountain Clubs maintained remote trails and huts through volunteer labor, membership fees, and shared governance—an early model of community-owned infrastructure.
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Research Piece: Keiretsus
After WWII, Japan’s economy was shattered with the dissolution of the zaibatsu. Keiretsus solved this by creating interconnected business networks with shared economies, resources, and governance.
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Research Piece: Electric Cooperatives
In 1929, just 13% of rural homes had electricity. By 1944, it was 94%. How? "Electric cooperatives" owned the infrastructure they built. But today, blockchains with programmable sequencers can make any piece of infrastructure community owned and controlled.
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Alchemy and Syndicate Join Forces to Scale Ethereum Through Community-Owned Rollups
Today we’re excited to announce that Alchemy and Syndicate are joining forces to scale Ethereum through community-owned rollups.
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Announcing Syndicate Chain—And The Path to a Community Owned Internet
Today, we're excited to announce the development of Syndicate Chain to horizontally scale Ethereum and build a community-owned internet. Syndicate Chain enables developers to build horizontally scalable, atomically composable, community-owned rollups on top of it.
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Metabased Progressive Decentralization
Metabased rollups and their smart contract sequencers provide networks with a unique technical foundation that is able to support the full spectrum of decentralization models—from centralized to fully decentralized approaches and everything in between.
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Metabased Economic Mechanisms
This article explores economic mechanisms that might be implemented using metabased rollups, showcasing their potential to revolutionize how networks create, manage, and distribute value within communities.
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Metabased Rollups: Decentralized L3s With New Economic Opportunities and Network Effects
Today, we’re sharing our development of a powerful type of rollup we call “metabased” and a new community-led initiative with the same name.
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The Hard Problem with Decentralizing L3s: Decentralizing the Sequencer
In our last post, we outlined the economic challenges that L3s face today to drive sufficient sequencer revenue. Unfortunately, it’s infeasible for most L3s today to break even.
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The Economics of L3s
As discussed in our last post, L3s face real challenges related to economic sustainability. While Base generated over $30 million in sequencer revenue in the first quarter of 2024 alone, what’s working for a small number of L2s like Base, Arbitrum, OP Mainnet, and Polygon won’t also work for L3s.
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The Opportunities and Challenges of L3s
As the Ethereum ecosystem evolves, L3s have emerged as the next frontier. While the conversation today on L3s tends to focus on scaling, L3s represent an important leap forward toward unparalleled community-centric customization, architectures, and economic models.
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How Airstack and Syndicate Are Helping Accelerate the Adoption of L3s
As L3 development accelerates, communities are looking for strong technical partners to enable them to build chains that align with their goals. Over the last 6 months, Airstack and Syndicate have been partnering deeply across the L3 ecosystem.
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Gas Costs on L3s Are a Millionth of a Penny
Two months ago, our team decided to run an experiment by launching an L3 for Farcaster Frame developers. It was one of the world's first modular L3s using the OP Stack, Base for settlement, and Celestia for data availability.
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Announcing the Schedule for ‘Deploy on Degen’ Week
We’re excited to announce next week’s schedule for ‘Deploy on Degen’ Week. Virtual programming for builders will run from Monday to Friday, April 15-19.
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