TL;DR
Is Gnosis a Hidden Gem that’s ready to take off? That’s the topic of today’s discussion. With so much noise in the market, it’s getting increasingly harder to separate the good from the bad. Every week new networks launch with promises of better solutions for the “Future of Crypto”. But, what if we looked back instead of forward? Much can be said about networks that withstand the test of time, especially in such a fast-paced environment. Gnosis has proven itself to be one resilient blockchain. With many major announcements happening on Gnosis this year, it’s time to explore what this network really has to offer.
As you’ve learned from past reviews. Looking back generally yields disappointing results. With the majority turning out to be broken promises and burned bridges.
This makes it even harder to know if you’re in front of the trend or behind it. So It’s rare to see a genuine intention to build meaningful products come to fruition.
As Gnosis gets ready to celebrate its 10th Anniversary, here are some of the reasons why I believe Gnosis is a “could be” and not a “has been”, with the project’s best moments still to come and not behind it.
What is Gnosis 3.0?
What started as a simple prediction market launched back in 2015, Gnosis has been at this forever, slowing down only to onboard new users and scale its Ecosystem.
Gnosis has evolved from a prediction market platform (Gnosis 1.0) into a cornerstone of Ethereum infrastructure (Gnosis 2.0), and is now embarking on its most ambitious phase yet, Gnosis 3.0. A new collective of aligned projects connected by the GNO token. Proving itself to handle the ups and downs of market sentiment like a champ.
When survival is everything in this environment, resilience inherently becomes one of the most valuable traits to have. However, it’s one thing to survive and an entirely different thing to thrive. Something I’m happy to see Gnosis doing
Founded on the principles of decentralization, Gnosis has kept this promise to the community. Offering one of the best DAO products in crypto, Gnosis has modeled its environment to benefit all participants involved.
Not just in one aspect, but across all. Where most products want you to lock up hundreds or thousands of tokens for years to become a Validator and earn rewards. Gnosis requires you to own just 1 GNO token to participate as a Validator.
This has helped Gnosis become one of the most distributed networks in operation. With more than ten times the amount of Validators than Nodes currently (19,723) securing Bitcoin.
However, the Total Value Locked (TVL) on Gnosis has only started to take off. Thanks to the growing foundation of builders on the network, Gnosis has been developing everything it needs to provide the same options found on Ethereum, Solana, and BNB Chain. No longer limiting users to simply HODLing tokens in hopes of “number go up.”
With these products come new opportunities to get in early on the growth of key infrastructure. Sitting at the number 24 spot when it comes to TVL across all networks. This was the exact position Solana was in this time last year before the release of Jupiter, Pyth, and other Airdrops injected massive amounts of capital into the network. I believe Gnosis is preparing to do the same.
What’s the Gnosis…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
