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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. In the early days of web3, this problem was limited to a relatively small set of developers.

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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. If it works, developers will build with them. is like asking “What problems does steel solve over, say, wood?” Nobody knows. 2 Tomorrow, apps & software will have web3 components to them.

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The Impact of Blockchain on SaaS

Tom Tunguz

More than 30% of the initial coin offerings (ICO) in 2017 target developers and businesspeople with their products. The blockchain is a technical advance. Consequently, it should initially appeal to developers more than their business counterparts. The numbers are still small. B2D companies commanded $1.2B.

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Gas Gas Revolution

Tom Tunguz

As storage & compute became less expensive, the economic viability of new use cases became increasingly apparent & developers built software on the cloud. 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.

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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%.

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Spot the Difference

Tom Tunguz

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. Makes me wonder: If the database APIs were the same across web2 & web3, would developers or users notice? Perhaps they will be.

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Partnering with Mysten Labs to Build Foundational Infrastructure for Web3

Tom Tunguz

We met the Mysten Labs team ( Adeniyi Abiodun , Evan Cheng , George Danezis , Sam Blackshear ) and learned about their history developing technology for Facebook’s crypto infrastructure. Mysten’s technology solves both, empowering developers to build software that’s faster and more secure.