Following up on my post above on the coalition, I have compiled our proposal for Transistor to support Polkadot business development and engineering in North America. This proposal is a version of a plan that myself, Yoon and several other Polkadot stakeholders have been discussing for almost a year now, well before Parity’s decentralization was announced. North America is fertile ground – the United States historically drives tech adoption, precisely where Polkadot lacks a footprint and clear direction.
To date, Polkadot has not focused on adoption in the United States. This is despite North America’s outsize share of global GDP and the fact that it has historically driven global adoption of new technology and cultural trends. Crypto adoption has shown to be no different, with the primary universe of successful protocols all tightly coupled in key tech, finance, and media hubs around the United States. Most leading Layer-1 chains based in the United States have pursued aggressive business development strategies despite worse regulatory positioning. Transistor plans to immediately start a regular meetup series in each of these tech and finance hubs under a new brand, alongside a wide range of protocols and companies to begin to reintroduce the Polkadot tech stack.
Outside of our Web3-native client pipeline, Transistor leadership has been working to cultivate a relationship with a top-tier enterprise advisory firm based in the United States. This firm’s clientele spans several verticals where they help their clients expand their business offerings into new markets and technologies. This firm has expressed to Transistor leadership that it is ready to begin to offer its clients crypto support and trusts Transistor for crypto-native insight and blockchain engineering support.
Transistor’s advisor network is also prepared to refocus its efforts in this updated structure focused on the U.S. market. Our team and advisors have been instrumental in bringing several keystone clients into the Polkadot ecosystem, and want to continue to work together to keep those users onboard — while bringing more users and liquidity to the network with clear funding and direction. We have developed our advisor bench to ensure an even mix of representatives from Web3 natives to Web 2.0 executives and leaders in corporate America and finance.
Transistor’s longer-term plans include the development of protocols that will drive blockspace demand in Polkadot 2.0.
Please take a moment to review our presentation on Transistor, which includes some voiceover explainers on our proposed effort. Also note that some information like our full advisor list, detailed cost structure, and pipeline client names have been redacted but will be confidentially shared with the Web3 Foundation through the official application process.