Tom Tunguz

OCTOBER 26, 2023

The same cost-reduction phenomenon is occurring with blockchains, though it’s not nearly as well publicized. The cost to save data to a blockchain is called gas. Some newer blockchain databases like Sui have further pushed that cost to $0.0019 as of this writing. for Optimism & $0.08 for Arbitrum. Optimism 0.15

Blockchain 237

Blockchain AWS Pricing Innovation 237

Andreessen Horowitz

NOVEMBER 16, 2021

As blockchain technology rapidly gains the attention of a mass audience, the conversation is still centered solely around technical topics related to the scalability of a network — transactions per second, latency, and throughput, for example.

Blockchain 131

Blockchain Technology Scaling Metrics 131

Tom Tunguz

AUGUST 8, 2019

Blockchain - another exponential curve that shows growth from 0 to 200 startups in eight years. Blockchain is clearly the category with the steepest slope. Eight years ago, there were nearly zero AI startups seeded. Today, that number is 400 and the chart is a classic S-curve, tapering after a period of intense growth.

Artificial Intelligence 280

Artificial Intelligence Startup Blockchain Social Media 280

Tom Tunguz

JANUARY 4, 2022

L1s or blockchains, the public databases that record transactions, dominate the revenue share across the top projects producing 78% of revenue. With the summer of Defi behind us and a new year for web3, I wondered which categories of web3 startups generate the most revenue. Exchanges place second. Right behind, NFT exchanges rank third.

Payments 363

Payments Revenue Payment Solutions Blockchain 363

Tom Tunguz

DECEMBER 6, 2021

This team is responsible for developing Facebook’s blockchain (Diem) and the Move programming language, two fundamental projects within the ecosystem. In addition, they are developing a blazing fast NFT platform which aims to enable seamless movement of NFTs across blockchains.

Blockchain 245

Blockchain Construction Technology Innovation 245

Tom Tunguz

JULY 19, 2022

We swapped the transaction database from PostGres to a blockchain like Ethereum or Sui , and the file storage from AWS S3 to a decentralized storage provider, perhaps Filecoin or ArWeave. Compare this image to a web3 architecture with the web3 parts in red. Only the transaction database & the file storage changed color.

Blockchain 297

Blockchain AWS Engineering Startup 297

Tom Tunguz

DECEMBER 16, 2020

Blockchain technologies become mainstream driven by the adoption of national reserve banks. In response, other national reserve banks introduce Blockchain based currency creation and control systems. Acquirers, emboldened by higher stock prices, brace themselves and outbid each other with premium multiples for high-growth startups.

Sales Recruiting 279

Sales Recruiting Blockchain Banking Artificial Intelligence 279

Tom Tunguz

JUNE 22, 2022

Attribution vendors and Analytics vendors will poll various blockchains constantly to provide up-to-date data. Attribution will connect ad impressions to on-chain purchases - on-chain data is public, enabling end-to-end cost-per-acquisition (CPA) ads, which maximize the return for Advertisers.

Blockchain 341

Blockchain Marketing Advertising Government 341

Tom Tunguz

APRIL 19, 2022

But these networks couldn’t talk to each other in a standardized way - paralleling the limited interoperability of blockchains today. Web3 builders are debating their way through this era’s protocol wars, defining the networking stack to connect blockchains. Stanford operated a computer network.

Blockchain 218

Blockchain Outsourced Development Communication Startup 218

Tom Tunguz

JUNE 7, 2023

In that transition, web3 software & infrastructure companies will shed their language of wallets, blockchains, & tokens for terms most buyers understand : accounts, databases, & credits. But web3-to-web2 sales must be the future for companies to scale.

Blockchain 259

Blockchain SaaS Scale Cloud 259

Tom Tunguz

JUNE 16, 2022

Obstacles exist: Blockchain transaction costs are real, but fees will fall over time. The incumbent marketing hegemons aren’t prepared for this new world with limited knowledge of blockchains and systems architected for cookies. Apps could encode user metadata as an NFT governed by a smart contract that enforces royalties.

Blockchain 231

Blockchain Marketing Government Advertising 231

Tom Tunguz

AUGUST 25, 2018

Mobile, machine learning, blockchain. But as they grow, the number of customer segments they serve will grow, increasing the likelihood that at least one of these groups is underserved. the industry has been looking for ways to compete with some of these incumbents for a long time.

Revenue 274

Revenue Blockchain Artificial Intelligence Machine Learning 274

Nimble - Sales

MAY 15, 2019

Blockchain is the single most disruptive technology in our lifetime. If you’re like most people, you probably associate blockchain with Bitcoin or other cryptocurrencies. That’s a valid connection, but numerous other sectors could utilize blockchain’s capabilities to help meet their goals. Marketing is one of them.

Blockchain 89

Blockchain Marketing Technology 89

Baremetrics

MARCH 16, 2021

QuikNode is a Miami-based startup powering blockchain applications with lightning fast Ethereum, Bitcoin, Polygon, BSC and xDai nodes. This allows anyone building an app that applies blockchain technology to do so by building directly on top of QuikNode’s globally distributed Web3 infrastructure. Table of Contents. Where Web 2.0

Blockchain 90

Blockchain Payment Solutions Artificial Intelligence Payment Services 90

Tom Tunguz

SEPTEMBER 24, 2024

Like in web2, building an app on a blockchain requires several layers & components. Picking the best of each can be a challenge for a developer. Once the stack is fixed, a developer might want to choose the best database characteristics for an app : lower latency for a game, greater security for a financial exchange.

Blockchain 233

Blockchain Onboarding Development Data 233

Andreessen Horowitz

OCTOBER 9, 2022

… The post Virtual Society, Blockchains, and The Metaverse appeared first on Andreessen Horowitz.

Blockchain 89

Blockchain 89

Tom Tunguz

JUNE 27, 2022

Virtual wallets will form the backbone of the next-generation ads stack , replacing the cookie with a blockchain wallet. Blockchain infrastructure is beautiful - a marvel of collaboration across the internet. Blockchain infrastructure is beautiful - a marvel of collaboration across the internet.

Blockchain 199

Blockchain Advertising Acquisition Technology 199

Tom Tunguz

APRIL 28, 2022

Migrate the database (blockchain) and the file system to ensure on-chain asset ownership survives the company. Perhaps this dynamic drives consolidation in the market, paralleling the web2 infrastructure hypermarts of AWS, GCP, and Azure. Third, software engineers decentralize only a subset of the app.

Payment Solutions 250

Payment Solutions GCP(Google Cloud Platform) Startup Payment Features 250

Tom Tunguz

AUGUST 29, 2022

But let’s break the data down by category into the top 5 by revenue: L1s (blockchains), DEXs (decentralized exchanges), Credit (lenders), NFT Marketplaces (buy & sell Bored Apes), & Yield Aggregators (systems to maximize interest rates on deposits). There’s none. The correlation asymptotes to zero.

Blockchain 287

Blockchain Revenue Metrics Pricing 287

Tom Tunguz

APRIL 8, 2023

Blockchains are databases application developers use to build novel user experiences. Just as hundreds of different databases exist in web2, different blockchains have evolved in web3. In September, I published the State of Web3 in Data. I’ve been watching one of those charts very closely : slide 25 which tracked L2s & L1s.

Blockchain 184

Blockchain Application Development User Experience Startup 184

Andreessen Horowitz

AUGUST 18, 2022

… The post Why Blockchain Performance is Hard to Measure appeared first on Andreessen Horowitz.

Blockchain 88

Blockchain 88

Andreessen Horowitz

JANUARY 13, 2023

… The post When is decentralizing on a blockchain valuable? appeared first on Andreessen Horowitz.

Blockchain 86

Blockchain 86

Andreessen Horowitz

FEBRUARY 5, 2024

It’s easy to dismiss crypto because of its associations with casino-style gambling but it would be a mistake to ignore blockchains' potential.

Blockchain 84

Blockchain 84

Tom Tunguz

APRIL 17, 2024

The chart above shows both the historical performance & also explains how web3 blockchains like Ethereum generate revenue & profits. But Ethereum demonstrates the compelling value that web3 blockchains can create. Ethereum generated $370m in profit on $825m in revenue for about a 45% net income margin.

Blockchain 168

Blockchain Software Revenue Scaling 168

Tom Tunguz

JANUARY 3, 2018

Blockchain in the enterprise takes the reign as the buzzword for 2018. In particular, blockchain applications will pop-up in inter-company applications or where network effects are important (payments, security, supply chain). ” Just as those trends have become ubiquitous to be implicit, so will machine learning.

SaaS Payments 202

SaaS Payments Scale Blockchain Artificial Intelligence 202

Tom Tunguz

SEPTEMBER 17, 2022

I share these figures as directional data, not hermetic evidence of a Higgs boson hidden within a blockchain. None of these numbers have the precision or accuracy of a publicly traded stock whose figures have been audited and are governed by accounting standards. many of the queries in Dune are linked in the dashboard.

Data 269

Data Blockchain Software Review Outsourced Development 269

SaaStr

JUNE 6, 2024

At the time, a lot of people were very skeptical because our investment in Chain was the first blockchain investment by any major payments network. One highlight is Chain, a company I invested in at Visa that ended up working with us to create an entirely new product line now known as Visa B2B Connect.

SaaS Payments 295

SaaS Payments Management Scale Venture Capital 295

Tom Tunguz

NOVEMBER 22, 2022

Blockchain powers the experience. At that moment, the point of maximum intent , you create a blockchain wallet to store your new avatar. I think it’s a project that deserves more visibility than it has received. Reddit’s Collectible Avatars launched in August 2022. Collectible Avatars allow users to buy profile pictures.

Blockchain 182

Blockchain Payment Methods Payments User Experience 182

IT World

APRIL 4, 2022

To that end, blockchain company Equideum Health and Nokia have announced plans build a SaaS-based marketplace where patient information is amassed for sale to researchers. The market for patient healthcare data is booming.

Blockchain 87

Blockchain Healthcare Marketplace as a Service Data 87

Tom Tunguz

JUNE 13, 2022

Public blockchain data enables look-alike modeling not possible on the web without full credit card or banking data. Also, web3 user data doesn’t mirror web2 data. Wallets replace cookies, an improvement for both user and marketer. They maintain user anonymity, and reveal user behavior across applications.

Startup 219

Startup Blockchain Banking Advertising 219

Andreessen Horowitz

OCTOBER 27, 2021

The next frontier in computing, which will take shape this decade, is building apps on programmable blockchains. Programmable blockchains are interesting for the same reason that innovation on smartphones spiked after opening up development to third parties via app stores.

Blockchain 145

Blockchain Investment Innovation Development 145

Andreessen Horowitz

SEPTEMBER 12, 2022

… The post SBC 22: Field Notes from Science of Blockchain 2022 appeared first on Andreessen Horowitz.

Blockchain 80

Blockchain 80

Tom Tunguz

FEBRUARY 13, 2024

Steven authored many of the seminal papers behind modern blockchains. Arbitrum is a L2, a layer 2, that sits atop Ethereum, improving its performance & cost to write transactions. More than innovating technically, Steven has guided Offchain Labs’ developer relations strategy in a unique way in the ecosystem.

Blockchain 177

Blockchain Payments Finance Innovation 177

Tom Tunguz

DECEMBER 16, 2021

When a user spins up a validator to verify transactions on a blockchain, stresses the testnet and is rewarded with tokens, stakes tokens to generate yield, burns tokens to transact, or receives an airdrop for tweeting, a cryptoco expends tokens to acquire a customer.

Venture Capital 247

Venture Capital Blockchain Acquisition Benchmarks 247

Tom Tunguz

MAY 19, 2018

New databases like Hadoop, Cassandra, Cockroach/Spanner, Mongo, Blockchain store and retrieve data faster, at larger scale, across geographies or in untrusted environments. Infrastructure-as-a-service provided by Amazon, Google and Microsoft among others empowers applications to scale as users demand.

DevOps as a Service 210

DevOps as a Service Blockchain Artificial Intelligence Machine Learning 210

Tom Tunguz

APRIL 8, 2024

Evan & the Mysten team were instrumental in the creation of Meta’s high-performance blockchain techology before leaving to start Mysten. There are few key ideas Mysten espouses about blockchains that have led to dramatic improvements in performance & usability.

Blockchain 130

Blockchain Outsourced Development Development Data 130

IT World

MAY 7, 2019

Starbucks is working with Microsoft to develop a blockchain-based supply chain tracking system and mobile app that will allow customers to track the supply chain journey of the beans they buy and the coffee they drink.

Blockchain 83

Blockchain Traceability Mobile Development 83