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Economics in the Sometimes Strange World of Web3

Tom Tunguz

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.

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Building a $20b Behemoth : Office Hours with Steven Goldfeder of Offchain Labs

Tom Tunguz

Steven authored many of the seminal papers behind modern blockchains. More than innovating technically, Steven has guided Offchain Labs’ developer relations strategy in a unique way in the ecosystem. Arbitrum has ammassed more than $12b of assets on their platform (called total value locked or TVL) via that strategy.

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Doubling Down: Peter Berg, Managing Partner at M12

SaaStr

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. Peter is a founder twice over, and most recently ran strategy and business development for Very Good Security.

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7 Predictions for SaaS in 2018

Tom Tunguz

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.

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Tokens as CAC - Are Crypto Companies More or Less Efficient in Acquiring Customers?

Tom Tunguz

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. equity and tokens are different instruments. But not today.

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Predictions for 2019

Tom Tunguz

Blockchain technology finds its second killer application. Blockchain in the enterprise takes the reign as the buzzword for 2018.* The classic open source strategy of the last fifteen years is abandoned because of the competitive threats from infrastructure-as-a-service (IaaS vendors).

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A Crypto-Trading Uber Driver and a Billionaire's Spat over Candy - On The Importance of Sticking to Your Strategy

Tom Tunguz

“Can you explain to me why public key/private key technology is important on the Blockchain?” Irrespective of your point of view, the crucial lesson in all this - whether you’re a venture capitalist, crypto-buying Uber driver, or billionaire private equity buyer - stick to your strategy.