Opinion: Only by seeking "from 0 to 1" innovation in the crypto world can one truly change their life
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Opinion: Only by seeking "from 0 to 1" innovation in the crypto world can one truly change their life
Click the button, try new things, and embrace new ideas.
Navigating Web3 tides with focused insightsAuthor: Ignas
Translation: TechFlow
Introduction to "0 to 1" Innovation
If investors can identify "0 to 1" innovations in crypto, they could achieve life-changing returns.
The last bull cycle gave birth to DeFi and NFTs—so where are the current cycle’s "0 to 1" innovations?
By "0 to 1," I mean unique inventions that alter the trajectory of an industry.
Their originality drives the industry forward and launches entirely new domains within crypto.
Discovering a clever "0 to 1" innovation early may feel confusing, but taking action quickly can yield massive rewards.
Note that "0 to 1" innovations may appear simple, yet become difficult to recognize due to our own biases.
When something genuinely new emerges, it might not attract immediate attention—and could even be completely overlooked or dismissed by the crypto community as unworthy.
This is why maintaining an open mind and being willing to try every new trend, especially controversial ones, increases your chances of finding a 100x asset.
I say "asset" because it may not necessarily be a token.
NFTs are the most prominent example of 0-to-1 innovation, with Punks and BAYC being the most successful cases from the previous cycle.
They were once widely mocked online. Did you listen to the critics—or take action?
DeFi was an even more significant innovation, yet when DeFi first began flourishing, criticism was widespread and intense.
Tokens also frequently introduce "0 to 1" innovations. Examples from the last cycle include:
• $AMPL - Elastic supply tokens
• $CRV - veTokenomics
• $YFI - Fair launch
• $OHM (3,3) Ponzi
• $SNX - Collateralized assets for liquidity mining and stablecoins
So where are this cycle's "0 to 1" innovations?
A Few "0 to 1" Innovations I Believe In
1. Ordinals & BTCFi
Doing NFTs on Bitcoin was once considered impossible. Yet what we're seeing now exceeds expectations.
BTC NFTs have significantly outperformed Ethereum NFTs.
We’re already seeing innovative formats like BRC20 and ARC20 emerge, and soon the Runes protocol may bring meme coin trading to Bitcoin.
2. Restaking
Critics call it a new Ponzi scheme, while others see it as Ethereum’s future.
I believe the ability to reuse your ETH to secure various services is injecting new vitality into Ethereum.
We are witnessing the emergence of new types of dApps such as LRTs and AVSs, thanks to restaking.
But beware, Ethereum fans—restaking will also come to Bitcoin.
3. Blockchain Scaling Innovations
Modular vs. monolithic blockchains is my favorite debate this cycle—which will win?
Modular scaling brings innovation (and job opportunities) to Layer 2s, data availability, zero-knowledge proofs, and many other areas.
Meanwhile, the monolithic approach attempts the “impossible” under one unified platform.
Other innovations this cycle include:
• Account abstraction and intent-based systems to improve user experience
• Identity represented on-chain via non-transferable tokens
• Real-world assets or on-chain tokenization
• ERC404
How to Find "0 to 1" Innovations?
• Look for technological innovation—something that didn't exist before
• Look at the community: Does anyone care? A large group of opponents can also be a good sign
• Look for confusion: New things are often confusing due to technical novelty and challenges to established narratives/beliefs
Summary
Overall, crypto itself—or rather Bitcoin—is a "0 to 1" innovation, once widely hated.
But each cycle, the crypto industry grows larger, creating multiple subfields and bringing new innovations and job opportunities for those who remain open-minded and eager to learn.
So my advice is to think independently. Click the button, try new things, and embrace new ideas.
You never know which idea might change your life once acted upon.
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Ignas | DeFi Research
