Key takeaways from Sweat token holder meeting

Some interesting takes.

Yesterday, pretty much out of the blue, Sweat held a token holder meeting on YouTube.

The livestream had not been announced or publicised much, but if you held Sweat you received a random pop-up notification from Sweat wallet.

The meeting was halfway interesting and useful, these are the key takeaways.

Infrastructure bubble

The Sweat team began by answering a question that they clearly get asked a lot, and that is, “why aren’t you launching your own blockchain?”

Sweat is on Near, ed.

Sweat said they believe we’re in an ‘infrastructure bubble’.

They say there are thousands of blockchains and tens of thousands of dApps but, out of all of these, only around 600 dApps in total have more than 1000 active users.

In other words, they’re saying the industry need to focus on building better products, not more blockchains.

Sweat AI

Of course it wouldn’t be a 2024 keynote or a conference or a meeting, if the magic word ‘AI’ hadn’t been thrown in there.

To be perfectly honest, they didn’t really go into it, and they said they will answer all questions next week on the similar live stream, but this time it’s gonna be on X.

So I’m not sure what to make of that.

All claims in one place

This, I think is quite useful.

If you use the app, you know there are different places to claim different things.

You have a page or a tab or a a section of the app or whatever you wanna call to claim SWEAT from accrued steps, and then another to claim SWEAT from staking and so on.

Multi-chain wallet

Sweat said they want to launch a multi-chain wallet, with one key for a wallet on several chains, including both Near and Ethereum.

Several projects use more than one chain, and I think that’s clever.

But, at the same time, if you choose the right blockchain, is that necessary?

Food for thought.

bitcoinea