NeoSwap: Smart auctions for perfect swaps (w/ John Ennis, founder of NeoSwap)
A conversation with John Ennis, the founder of NeoSwap, a multi-way trading platform where everyone wins.
PS: Checkout the Snapshot newsletter: a byte-sized email newsletter filled with the biggest updates from Solana ecosystem teams and builders. ~5 minute read. Every 2 weeks. š https://solfate.com/snapshot Summary
NeoSwap is a platform that aims to make assets spendable and provide purchasing power from assets. The idea of multi-way trading, where complex transactions involving assets and money can be facilitated, is at the core of NeoSwap.
The founder, John Ennis, has a background in mathematics, AI, and market research, which led him to develop the NeoSwap algorithm. The algorithm uses solvers and prediction models to optimize trades and maximize utility for all parties involved. NeoSwap has developed products like smart auctions and starter pack finders for gaming (including for StarAtlas), which have shown promising results in improving efficiency and trade volume.
The NeoSwap platform is blockchain-agnostic but has found more success on chains with denser data and on-chain commitments. The conversation explores the choice of Solana as a platform, the promise and durability of Bitcoin, the differences between Solana and Bitcoin cultures, the two-sided war between Ethereum and Bitcoin, and the value of inscriptions on Bitcoin. It also discusses the dangers of fiat currency, the importance of commerce and value exchange, and the vision of NeoSwap for decentralized commerce.
Takeaways
Solana offers advantages in terms of speed, low gas fees, and an active community, making it an attractive platform for projects. Bitcoin provides an alternative to fiat currency and offers durability, but its tooling and performance are not as advanced as Solana. The culture in Solana is more focused on efficiency and winning in the startup world, while Bitcoin attracts more ideologically motivated individuals. Inscriptions on Bitcoin provide a new use case and can ensure the blockchain's value even after the block reward goes away. The vision of NeoSwap is to create a decentralized commerce platform that allows for value exchange and matchmaking without the need for centralized control.
Find John and NeoSwap online
Follow John on twitter - @john_ennis_btc Follow NeoSwap on twitter - @neoswap_ai Checkout the NeoSwap website - NeoSwap.xyz
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NeoSwap: Smart auctions for perfect swaps (w/ John Ennis, founder of NeoSwap)
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