NeoSwap: Smart auctions for perfect swaps (w/ John Ennis, founder of NeoSwap)

NeoSwap: Smart auctions for perfect swaps (w/ John Ennis, founder of NeoSwap)

Author: Nick and James May 14, 2024 Duration: 1:00:45

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. 👉 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 us around


Nick

James

Solfate Podcast


What does it actually take to build a meaningful project in the fast-moving world of Solana? On the Solfate Podcast, hosts Nick and James pull back the curtain on the process, moving beyond hype to explore the real work happening on-chain. As developers actively building in the ecosystem themselves, they bring a practitioner's perspective to every conversation. Each episode features an in-depth interview with a founder or core builder, delving into the technical hurdles, strategic decisions, and personal journeys that define their work. You'll hear firsthand accounts of architecting protocols, designing tokenomics, navigating community growth, and solving the unique challenges presented by high-performance blockchain technology. The discussions are grounded, detailed, and focused on the mechanics of creation, offering listeners a genuine look at the innovation shaping Solana's future. This isn't about surface-level commentary; it's a series of deep dives for anyone curious about the people and code behind the projects. Tune in for candid insights you won't find anywhere else, straight from the developers on the front lines.
Author: Language: English Episodes: 76

Solfate Podcast - Interviews with blockchain founders/builders on Solana
Podcast Episodes
Solana's Mobile Future w/ Andrew, DRiP.haus Mobile Engineer [not-audio_url] [/not-audio_url]

Duration: 55:51
Mobile dev chat: Focus on DRiP app & Solana mobile, discussing cross-platform tools, security, UX & community. Key: protect secrets & prioritize performance.Full notes for this episode at: https://solfate.com/podcast/67F…
Web3 Artist to Community Leader w/ Superteam Germany (feat. Bekka) [not-audio_url] [/not-audio_url]

Duration: 54:02
Building Web3 communities that matter: Inside Superteam Germany's strategy for sustainable growth in Solana.Full notes for this episode at: https://solfate.com/podcast/66Follow @SolfatePod on Twitter for updates: https:/…