article thumbnail

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.

article thumbnail

Nobody Knows : Steel & Blockchains

Tom Tunguz

Asking “What problems do blockchains solve?” Blockchain networks are a new construction material for building a better internet. The pace of innovation is hard to overstate. is like asking “What problems does steel solve over, say, wood?” But they remain 1000x more expensive than their web2 counterparts. They store less data.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

article thumbnail

An Era of Fundamental and Massive Change - The Capital Markets Innovation of the ICO

Tom Tunguz

The technology innovation catalyzed by Bitcoin and Blockchain is creating many multibillion dollar economies quickly. But in environments like the current one and with the innovation of an ICO, bold, high-capex bets are possible again. The ICO market today bears many similarities to the dotcom era.

article thumbnail

Partnering with Mysten Labs to Build Foundational Infrastructure for Web3

Tom Tunguz

The foundational layers of the next wave of technology innovation are built constructed today. This team is responsible for developing Facebook’s blockchain (Diem) and the Move programming language, two fundamental projects within the ecosystem. At Redpoint, we’ve been spending more time in crypto.

article thumbnail

5 Predictions for 2021

Tom Tunguz

Database startups, data movement startups, data quality startups, data lineage startups, machine learning startups will be the zeitgeist of the decade as they shape the next wave of massive innovation. Blockchain technologies become mainstream driven by the adoption of national reserve banks. M&As and IPOs continue at torrid rates.

article thumbnail

When Will the Next Wave of UI Advances Happen?

Tom Tunguz

Technology innovations swing to a pendulum’s cadence. Sometimes innovations begin with infrastructure changes and reverberate up the stack. Other times, front-end engineers innovate at the application layer, which demand downstream changes in the infrastructure to scale. When will we see rapid speciation?