Does it concern the foundation that after two years, there is nothing significant running on Tezos and no organic developer growth? Ethereum seems to have new apps on a weekly basis; Polkadot/Near and other new projects already have several projects under development while Tezos has nothing yet?
The Foundation’s early focus has revolved around tooling, infrastructure development, and institutional adoption as Tezos as a blockchain has been gas-constrained to date. That said, we have been encouraged by the development of the dapp ecosystem as tooling and infrastructure have matured.
We continue to support teams that build end-user applications using this infrastructure. For example, the newly announced Magic and Beacon SDKs make it easier to connect Tezos wallets to dapps on Tezos, Truffle makes it easier to develop, test, and deploy Tezos smart contracts, Dexter will enable decentralized asset exchange (which is a critical decentralized financial primitive), and projects like tzBTC provide the opportunity for a wide range of assets to Tezos and facilitate novel financial applications.
We were also excited by the applications built during the Tezos + CoinList Hackathon in the categories of DeFi, Games & Collectibles, and Oracles. These include DexAuction, which enables various types of Tezos-based auctions within a web application, the Tezos Monsters horror adventure game for learning LIGO, TzTip.me, a tipping service that allows developers to add tipping functionality, and Ungrund Oracle, open source infrastructure to connect micro-services to the Tezos network.
We are eager to continue supporting end-user applications for a number of use cases and anticipate major maturation in the Tezos dapp ecosystem in the near future.
Could you perhaps fund some simple quick apps meant for the crypto community (not meant to change the world)? That might at least demonstrate what Tezos is capable of doing, and also might spur some interest and innovations from outside.
As mentioned above, much of the Foundation’s early focus has revolved around tooling and infrastructure development.
One way we have incentivized the development of applications is through hackathons such as the Tezos + CoinList one, which produced a number of simple, fun new applications such as the game Tezos Monsters and the Tezos tipping service TzTip.me. We are committed to continuing to fund applications that spur innovation and identifying new avenues to encourage building on Tezos.
Do you have any updates with CBDCs or stable coin projects that might be under development in Tezos?
We responded to this question in a previous update, but it bears repeating here.
Notwithstanding the recent public attention on CBDCs, and following an in depth analysis of the space, we believe that the entire CBDC category is still in an experimental stage and the question of whether or not Central Banks would adopt public or private chains, and at what level of their stack, remains open.
That said, teams in the Tezos ecosystem are working on the infrastructure needed to support such opportunities. As laid out in the Tezos whitepaper, a founding objective of the project has been to amend and iterate the core protocol towards the state-of-the-art and the ability to support mass adoption. Additionally, there are other efforts in the ecosystem to develop a Tezos private chain solution for onboarding enterprise and institutional users, smart contracts to support custodial stablecoins, and integration tooling.
What is the status of the proposal number 007? It was expected to be implemented this summer, do you know more on that?
As mentioned in a previous update, Tezos is a decentralized network and the core protocol is developed and maintained by independent teams including Nomadic Labs, LIGO, DaiLambda, Metastate, and more. The Foundation does not take a stance when it comes to Tezos protocol governance and we do not have any updates to provide on the 007 proposal being worked on by teams in the Tezos ecosystem.
Why are you not investing grants to create one wallet combining all essential functions like sending, voting, staking? To promote the mass usage of the most important feature of Tezos, voting & proposals?
As mentioned in a previous update, there are a number of software and hardware wallets for Tezos that are currently available to use including Galleon, Ledger, Kukai, and Magma, which was released this week on Android and iOS.