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The Future of Blockchain Data : Our Investment in Allium

Tom Tunguz

In the world of blockchain, these processes are even more complex. As thousands of developers build & trillions of dollars worth of value are stored on blockchains, this problem compounds geometrically. We are excited to support Allium on this journey and look forward to the innovations they will drive in the blockchain space.

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Nobody Knows : Steel & Blockchains

Tom Tunguz

Asking “What problems do blockchains solve?” Blockchain networks are a new construction material for building a better internet. is like asking “What problems does steel solve over, say, wood?” This section in Read Write Own , Chris Dixon’s book, has been bouncing in my brain for the last few weeks.

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The Impact of Blockchain on SaaS

Tom Tunguz

The blockchain is a technical advance. Over time, the blockchain’s distributed database will find important applications in business, and funding will follow. Blockchain startups have already targeted major buyers of software, from email security products to job marketplaces, from legal products to human resources software.

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What Does AirBnB's 'Shares for Hosts' Idea Imply for Blockchain?

Tom Tunguz

And the Blockchain is here. Network effect businesses, those like AirBnB and Facebook, face a theoretical risk from blockchain startups. Blockchain technology incentivizes network participants. The SEC is actively investigating ways to provide main street with access to startups. I received a token for using a service.

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Gas Gas Revolution

Tom Tunguz

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

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Why We'll See More New Types of Web3 Apps in the Next Year

Tom Tunguz

In January, L1s (blockchains) generated 78% of revenue across public web3 projects. As blockchains look to foster healthy ecosystems, they will need to build a portfolio of application developers across different categories. Exchanges clocked in second at 6.4%, then NFTs & marketplaces at 5.9%. L1s have fallen from 78% to 41%.

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ChatGPT & Taylor Swift

Tom Tunguz

You won’t find people outside of tech hubs googling for microservices or layer 2 blockchains or serverless databases with any great frequency. For each of the 14 weeks, more people searched for ChatGPT than Taylor Swift according to Google Trends data. But Minnesotans & Idahoans & Vermontans are searching for ChatGPT.

ChatGPT 360