Constellation Networks’ Hypergraph Hour Episode 21: A Deep Dive
On May 24, 2023, Constellation Networks aired the 21st episode of their Hypergraph Hour series on YouTube. The episode was a deep dive into the current state of the crypto market, the role of narratives in the crypto economy, and the future of Constellation Networks.
Narratives in the Crypto Economy
The episode began with a discussion on the power dynamics in the crypto industry and the role of narratives in shaping these dynamics. The speaker, presumably a representative from Constellation Networks, cautioned listeners about the narratives surrounding green mining. He suggested that while green mining is a positive development, its sudden emergence as a hot topic might be more about serving certain interests rather than genuine concern for the environment.
The speaker also touched on the concept of narrative economics, a term coined by economist Robert Shiller. In this view, narratives, rather than fundamentals or chart analysis, drive the crypto economy. The speaker suggested that narratives often emerge after or simultaneously with market moves, rather than before them.
The Future of Constellation Networks
The discussion then shifted to the future of Constellation Networks. The speaker expressed optimism about the future, noting that if the current cycle is like past ones, there’s still a lot of potential left. He also highlighted the ongoing issues with Ethereum’s scalability and fees, suggesting that these issues present an opportunity for Constellation Networks.
The speaker outlined several upcoming developments for Constellation Networks. These include the launch of the Lattice Launchpad, the incubation of ecosystem partners like Alchemy and Greenheart, and major releases in Q3 and Q4 related to cross-chain liquidity and Layer 0 implementation.
The speaker also highlighted the potential for Constellation Networks’ Layer 0 solution, Lattice, to serve as a connector between different Layer 1 and Layer 2 solutions. He suggested that this could attract significant capital and create a fully cross-chain liquid ecosystem.
Community and Final Thoughts
The episode concluded with a shout-out to the Constellation Networks community, including a mention of a rap video about Constellation created by a community member. The speaker also highlighted the success of the Stargazer wallet update, which included a “Get DAG” button that allows users to donate to the Stardust Foundation in exchange for DAG tokens.
In summary, Episode 21 of Constellation Networks’ Hypergraph Hour offered a deep dive into the role of narratives in the crypto economy, the future of Constellation Networks, and the importance of community. As the crypto industry continues to evolve, Constellation Networks is positioning itself to be at the forefront of these changes.