TLDR Tech / Crypto
Everything is Market
Markets are evolving from outputs into infrastructure, resembling "markets as APIs" that produce real-time data through adversarial competition that's costly to fake, unlike conventional APIs returning stored information. The pattern is already emerging in production: Coinbase's Borrow/Earn products query Morpho's onchain lending markets for rates, while Polymarket odds appeared at the Golden Globes and correctly predicted 26 of 27 winners. There is a "DeFi mullet" implementation model (fintech front-end, DeFi back-end) using permissionless markets as regulatory forcing functions, with the vision extending to one billion traders plus AI agents consuming markets as programmatic infrastructure.
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