Morning Minute | DreamOS Aims to Solve Web3 UX

Morning Minute | DreamOS Aims to Solve Web3 UX

TylerD's Market Summary

Web3 users' dreams are about to come true if DreamOS can deliver on its promises. Find out what DreamOS is and why it matters below.

๐Ÿ’ก The First Web3 Native Operating System

User experience has long been one of the biggest (if not the single biggest) hurdles for crypto and NFT adoption.

Wallet addresses are 42 characters long and in hexadecimal code.

Hacks and exploits happen on an almost daily basis.

It takes research and due diligence to uncover bridges, marketplaces, and general apps across different chains (and there is more building on more chains now than ever).

The ecosystem is effectively hard to use, dangerous and very fragmented.

Well, DreamOS is looking to change that with a revolutionary new product.

Yesterday they introduced the first web3 Native Operating System "DreamOS."

If it's as good as advertised - web3 will never be the same.

The Details

The core idea of DreamOS is to build a consumer layer on top of the crypto and blockchain-based application layer.

That consumer layer will feature DApps (decentralized apps), which users will launch to execute their daily activities.

The key components of DreamOS:

  • DreamOS: A web3 native operating system that surfaces DApps in a standard interface (i.e. Apple's MacOS or Microsoft Windows)
  • The Dream Store: The app store for crypto apps (or DApps), which surfaces applications across ecosystems without fear of malicious URLs
  • Omnichain Wallet Interface: A dashboard/frontend that allows users to easily operate across chain (i.e. swapping currencies, bridging, etc.)
  • DreamID: The ENS of DreamOS, this is Dream's cross-chain naming service that will help facilitate cross-chain activity and also aggregate Web2/Web3 social feeds
  • File Explorer Interface: A new frontend view of a user's crypto assets (i.e. NFTs) in a more "file explorer" style view, also enabling send functionality

It's a literal one-stop-shop for all your web3 needs.

And the demo is quite slick.

If DreamOS actually operates like this, it will be a 0 to 1 moment for crypto UX.

"What would you do if your desktop was your wallet?"

The Risks

That leading question from the DreamOS announcement video actually highlights the primary risk.

What are the risks if your desktop is your wallet?

For one, having all of one's crypto apps connected in one central operating system makes it much easier for malicious actors to access all of one's digital assets.

Any connected app would be exposed to a new attack vector for anyone who has access to your DreamOS.

Leaving one's laptop alone will be a major no-no. And hackers will likely find ways (phishing scams) to virtually take over users' computers to access DreamOS.

The other risk is lack of adoption, as most users may choose to continue operating in the major tech operating systems (MacOS, Windows, ChromeOS).

But those risks don't make this product any less revolutionary.

Why It Matters

This may be the single most important product I've covered in my year of writing daily web3 newsletters.

It solves almost all of crypto's UX issues.

DreamOS puts all of your favorite and most-used apps front and center on your homescreen. It surfaces trusted apps that you didn't know you needed via Dream Store. It helps bring us to a chain-agnostic ecosystem with the omnichain wallet.

And that doesn't even get into the Dream ID or File Explorer which will also be great additions to usability.

It's early, the interface needs to be tested, risks vetted and infrastructure built - but I'm damn excited.

If the Dream team (pun intended) can pull this off, web3 will literally never be the same. And we may finally be ready to open the onboarding doors to the masses.

Interested in diving in deeper?

Join the Dream OS Beta and be an early adopter.

๐Ÿ‘ฅ Friend Tech Trend Tracker

Friend Tech volume and activity is down, but buyers outpaced sellers for the 2nd day in a row leading to more green.

Here are some of the core Friend Tech metrics for 10/27 and their day-over-day change:

  • Return users: 3,001 -> 2,698 (-10%)
  • Daily Buy volume: $1.14M -> $845k (-26%) 
  • Total Volume: $1.82M -> $1.3M (-29%)
  • TVL: $41.15 -> $40.1M (-2.5%)
  • Highest key: CBB0FE 5.33 -> 5.33 (even)

*TVL in ETH terms 22,520 -> 22,561 (+1.7%)

Another quiet day in FT ahead of today's points airdrop.

The primary story - buyers outpaced sellers $845k to $455k, leading to more green for those who've stuck around.

Now all eyes turn to how Racer and team will choose to reward those who didn't panic sell in tonight's points drop (if they will at all).

In other SocialFI news:

  • StarsArena made 2 big announcements on the day, that over 400 people had applied to their ambassador program and that the team was in early stages of fundraise talks; the market didn't like the news, with TVL falling from $1.26M to $680k on the day (-44%)
  • New Bitcoin City TVL appeared to hold steady at $3.1M 
  • Tomo TVL dipped 10% to $1.12M
  • TurnUp saw a spike in its top keys after its first day of public launch

Now we wait and see how the FT airdrop impacts the broader SocialFI market this weekend, and which competitors can start to gain traction.

๐Ÿšš What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • Trading volume jumped 17% to $13.9M (6,570 ETH) on Thursday, the highest day in 2 months and 3x local lows; with the leaderboard was mostly green besides DeGods and Winds of Yawanawa
  • DeepBlack and Nakamigos led notable top movers, up 38% and 14% respectively
  • Yuga Labs officially won its lawsuit against Ryder Ripps and Pauly, with the losers ordered to pay over $1.5M to Yuga and transfer control of their RR/BAYC smart contract to Yuga
  • DraftKings Reignmakers sold out its 3,500 "Air it Out" packs last night at $75 each, continuing their streak of pack sellouts
  • Parallel unveiled its first expansion set, Planetfall, selling exclusively to Manifest members with a public sale coming on Oct 28 at 3 pm ET; 18,646 packs in total, priced at 0.18 ETH with Collector's Crates at 1.6 ETH
  • FIAT is partnering with Prohibition Art to launch its FIATpass, using the Art Blocks Engine and building on Arbitrum, also featuring a generative art competition
  • SuperRare launched Curated Feeds on its Rare protocol, based on where users are staking their $RARE in what community pools
  • Sotheby's announced a Thank You X exhibition coming in LA this November

๐ŸŒŽ Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

  • The crypto market fell slightly on Thurssday while equities fell again; BTC -1% at $34,000; ETH -2.5% at $1,780; SOL +1% at $32.50
  • Neon Machine, the gaming company behind "Shrapnel," secured $20M in funding, ahead of the upcoming launch of its shooter game and Shrapnel Marketplace
  • A Mastercard debit card featuring Bored Apes (backed by Animoca and in partnership with Hi) has started shipping and offers the ability to spend $SAND

๐Ÿš€ NFT Total Volume

  • BAYC (1,720 ETH, 27.74 ETH Floor)
  • DeGods (1,711 ETH, 3.11 ETH)
  • MAYC (638 ETH, 5.23 ETH)
  • Pudgy Penguins (586 ETH, 5.1 ETH)
  • Azuki (224 ETH, 5.09 ETH)

๐Ÿ“ˆ NFT Floor Price Increase

  • Posers (75%, 0.08 ETH Floor)
  • Distortion Genesis (66%, 0.4 ETH)
  • Tabz (48%, 0.07 ETH)
  • DeepBlack (38%, 1.1 ETH)
  • Terraforms (15%, 1.27 ETH)

๐Ÿ—“ Upcoming NFT Mints and Events

Today is another busy day of drops, spanning Memes, Pokemon packs, generative art and AI art.

The highlight is likely the Pokemon pack drop on Magic Eden, with the Braindrops collection also worth watching.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Memes by 6529 (11:00 a.m. ET)
  • Magic Eden Pokemon Packs (12:00 p.m. ET)
  • Art Blocks reGEN x Marcelo Soria-Rodriguez (1:00 p.m. ET)
  • Braindrops x Fernando Jerex "Ultrabionika" (2:00 p.m. ET)
  • Notable Pepe Cards (4:20 p.m ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email

For all volume and floor price data, see Lucky Trader's Project Rankings page.

For all upcoming mints, see Lucky Trader's NFT Calendar page.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.