Scott Collen Talk How Midnight Go Take Grow

Scott Collen explain Midnight Foundation plan for funding, business wey fit sustain, and how dem wan grow the ecosystem for one Midnight LIVE keynote, as e talk say small number of apps wey succeed commercially fit put Midnight among the top blockchain ecosystems.

Instead make e review projects one by one, Collen answer questions wey developers dey always ask, like how the foundation dey share capital, why NIGHT and DUST important for builders, and which kind applications dey gather development interest.

E still point out two challenge wey e expect for the next three to six months: how dem go build liquidity wey go last and how dem go grow community wey fit support the network expansion.

Midnight Foundation Dey Put Sustainable Businesses and Strategic Funding First

As e dey speak for the Token event, Collen first thank people wey show, even though other presentations dey happen the same time, and e crack joke say voice dey go ahead of karaoke later that evening.

After that, e face one request wey e dey always hear for industry events: developers dey ask Midnight Foundation for funding.

Even though the foundation get resources to support ecosystem development, Collen stress say dem must use capital with sense. E compare how things be now with 2020 and 2021, when to find funding for blockchain industry easy pass.

Midnight Foundation now dey check how each investment fit create value pass the money wey dem put inside.

"This means we say no a lot," Collen talk am plain.

E explain say to reject proposal no mean say the developers no good. Sometimes the foundation believe say the same resources fit bring bigger benefit somewhere else.

Collen still point to the financial background of some leadership members, including people wey don work for hedge fund, as one reason why dem dey focus on economic returns and capital efficiency. But e still emphasize say the foundation dey open to creative funding arrangements.

The bigger goal na to support applications wey fit turn to businesses wey go stand on their own.

According to Collen, even the top blockchain networks get only small number of application companies wey dey generate pass $1 million annual revenue. Infrastructure providers, auditors, and other specialized service businesses fit be exception.

E give one clear benchmark of how commercial success for Midnight fit be.

If 20 to 25 businesses wey build on Midnight each dey generate between $1 million and $2 million annual recurring revenue (ARR) within one year, Collen believe say the network fit stand among the leading blockchain ecosystems.

This kind scene go mean about $20 million to $50 million combined annual recurring revenue across those businesses.

E present am as im own assessment of wetin fit happen, no be formal revenue target or confirmed foundation commitment.

E admit say people don dey call blockchain emerging industry many times, and e remember say e talk similar thing for 2017. Still, e believe say big commercial opportunities still dey.

No be every application go make am, and some things wey people dey expect fit no happen. Even at that, Collen point to growing interest from development teams, including those wey attend the event and others wey dey remote.

Midnight Foundation wan support businesses wey fit turn that interest to sustainable economic activity.

NIGHT, DUST, Private DeFi, and AI Agents Dey Shape Midnight Development Opportunities

Next, Collen talk about how NIGHT and DUST relate, as e describe am like unusual economic tradeoff for the ecosystem.

DUST na the resource wey transactions and computation for Midnight dey use, and e allow developers make people fit interact with the network without the normal experience of to dey pay separate transaction fees.

Collen talk say the model sweet builders well well, as e encourage dem to use the transaction and computational resources wey dey available without fear.

But e still acknowledge say e different from the fee-generating models of networks like Ethereum.

E jokingly admit say sometimes e dey feel small envy toward ecosystems wey dey collect heavy transaction fees, but e still emphasize say Midnight approach na to attract developers and ginger application development.

The foundation support this tradeoff because to reduce cost burden for builders fit make the network more open to many people.

Collen then show three areas wey dey attract development interest.

Private decentralized finance na the first one.

E argue say users no always like make their financial activities dey public, and e point to private borrowing and lending, asset swaps, and transactions as potential applications.

Midnight privacy capability dey meant to enable financial interactions wey no require to show sensitive details to everybody wey dey look the blockchain.

Collen talk say Carmel, Dave, and their team go explore related developments for later presentations.

AI agents and digital identity na the second area.

Even though e crack joke about how AI agents dey always get attention, Collen describe autonomous systems as part of the future of digital infrastructure.

Developers dey explore agents wey dey use blockchain infrastructure to run tasks, together with systems wey get digital identity solutions to manage their activities.

Collen argue say privacy never get enough attention across the wider crypto AI agent ecosystem.

As autonomous systems dey gain power to run transactions and do business functions, to manage identity, access, and confidential information go dey more important.

E see big opportunities for Midnight identity capabilities inside this emerging market.

As example, Collen describe one team wey e meet recently wey don develop concept to put autonomous agent inside real company structure.

According to am, the system involve automated company wey get license, wey allow the agent to trade privately.

E find the concept very interesting, though e no call the team name or give details about when e go dey commercially available.

Individual sovereignty na the third development area.

Collen connect this category to Bitcoin original motivations, including to stand against centralized government control and traditional banking structures.

Even though blockchain don evolve, e argue say the desire for more individual freedom still relevant.

E reference Charles Hoskinson emphasis on freedom of association, commerce, and expression.

According to Collen, Midnight dey offer infrastructure for applications wey dey designed to protect those freedoms through privacy and more individual control over digital activities.

E indicate say developers don already dey explore applications wey address these principles.

Together, the three areas show say Midnight dey focus on confidential financial activity, autonomous systems, digital identity, and individual sovereignty.

[NEWSBREAK]

Institutional Interest and Cross-Chain Privacy Fit Help Tackle Midnight Liquidity Challenge

Collen end im talk by discussing two challenges wey never get final answer wey e expect say Midnight go face for the next three to six months.

The first na to create sticky liquidity, meaning capital wey go remain inside the ecosystem instead make e dey jump from one network to another because of temporary financial incentives.

Collen admit say the foundation never still get complete solution.

"I don't have the good answers for it yet," na so e talk.

E argue say the earlier time of aggressive competition through extremely high yields don change, and say real-world assets (RWAs) and other financial models dey create new opportunities.

Collen still talk say institutions get serious interest to mint assets using Midnight privacy capabilities.

E suggest say institutional activity fit contribute to liquidity development, though e no call any specific institution, disclose capital commitments, or announce new integrations.

To show how hard e be to compete for capital, Collen reference example wey e hear about one bigger enterprise-oriented blockchain network wey reportedly dey prepare to offer 9% yield on USDC.

E treat the offer as temporary incentive, no be sustainable long-term return.

With small humor, Collen encourage users to use such opportunities as long as dem still dey, and later come back to Midnight for private trading once the incentives don expire.

The example show clear difference between to attract capital with temporary rewards and to provide services wey users still need after those rewards disappear.

Collen still talk about cross-chain opportunities wey dem dey build around Midnight.

Under the approach wey e describe, users fit maintain privacy on Midnight while dem dey access financial opportunities for other blockchain networks.

This one go allow developers combine Midnight confidentiality features with external financial services and liquidity.

The foundation dey work toward these capabilities, but Collen no announce any specific production deployment or availability date.

The second challenge na about community development.

Collen reference Nightforce and the wider network of Midnight supporters, as e emphasize the importance to reach new audiences while dem dey build recognizable culture around the blockchain.

E compare community development with how company dey build organizational culture, as e argue say to maintain shared identity dey even harder as participation dey expand.

The foundation wan attract plenty more participants and advocates, but Collen admit say to scale community involvement get organizational and cultural challenges.

E invite developers and community members to bring ideas on how to tackle both liquidity and community growth.

Collen still encourage participants to report problems wey Midnight Foundation or im leadership never notice.

E emphasize say when different community members repeat the same feedback, e fit make the organization rethink decisions and adjust approach.

The keynote end as Collen hand over the presentation to Colman and Tom, wey dem expect to talk about wetin developers fit already build on Midnight and which capabilities dey come next.

So, Collen immediate priorities no be new funding program or finished liquidity solution. The foundation dey continue to evaluate projects based on how dem fit add value to the ecosystem, while dem dey find practical ways to keep capital and expand community participation.

Developers and community members get special invite to bring proposals and concerns for those two areas, and Collen commit to consider recurring feedback as Midnight ecosystem dey develop.