Decentralized applications (known as dApps) are quite possibly the gateway to mass adoption for blockchain projects looking to disrupt traditional industries with P2P innovations or tokenized experiences. It is often said that when dApps become globally adopted, the sky is the limit for blockchain technology. Succesful dApps will provide us with real use cases that can be utilized in our everyday life and can impact all industries.
One company, Menlo One, is laying the foundation for developers to build such apps and marketplaces that will help support the emerging token economy. The best part? These applications will have the speed of a traditional web app. This new infrastructure is the first use case for the mass scaling of such applications. The company provides all of the tools needed by developers who create DAO’s, marketplaces, and other token ecosystems.
At the core of the project is a team of die-hard cryptocurrency veterans and passionate developers led by CEO and Engineer, Matthew Nolan. The company’s advisers include some of the top names in blockchain architecture, investing, and marketing. With a world-class team in place and development already in an advanced stage, it makes sense that Menlo One has gained rapid notoriety in the blockchain world.
Quick-Fire Q&A With Matthew Nolan (CEO of Menlo One)
1. Tell us a little bit about yourself. How did you get started in blockchain?
I had a roommate who was mining bitcoin in 2009. I’ve been chasing the dream of decentralization ever since.
2. What was your inspiration behind Menlo One? How did it all start?
I started developing Ethereum decentralized applications (dApps) full-time in 2016. It quickly became clear how immature the ecosystem is, and that a framework for dApps would accelerate growth of the space considerably. This became the inspiration for Menlo One.
3. What is your competitive advantage?
Our competitive advantage is that we’re crypto-nerds, man. Many of us have been doing this since the beginning. We care about decentralization and what it might bring the world. We’ve been in this since before there was much money in the space, we’ll keep going despite market fluctuations, and we’ll follow through past the immediate financial win of launching the network.
4. What is the biggest problem currently in the market?
The biggest problem is the lack of infrastructure connecting off-chain systems to blockchain tech. Once we connect eCommerce, ad tech, app downloads in a way that mainstream users can adopt the technology, we’ll see 100x growth of the space.
5. What does 2018 have in store for you guys?
A lot of GitHub commits! We released the communication component of our framework in April. We’re launching the full framework Q1 of 2019.
You can read more about Menlo One in their vision paper here.Opinions expressed here by Contributors are their own.