Follow up to previous tweet: afaik the only profitable businesses in crypto are - exchanges - some NFT marketplaces although it looks increasingly like their take rate is going to 0% - metamask/consensys - (maybe) some node infra providers anything else?
caveat: we're early and in a bear market so there will undoubtedly be other profitable ones in the future
omg i mean cast
- compliant custody service provider like fireblocks - dev tools & api provider: alchemy moralis n.xyz
few more examples: - aave/ compound - ens - nansen/ chainalysis (dune/ etherscan??)
How do you define crypto businesses? In web3. the business model is different. You are comparing apples and oranges. Web3 entities are community based which is "nonprofit".
Stable coins and bridges
NFT projects - Yuga, NBA, Proof.
But you know who it’s great for? Individuals. NFT artists making good money. Developers receiving grants and paid bounties. Users who get airdrops. Miners / Validators. Crypto is about pushing the value to the edges. Maybe that’s that whole point.
thank you for bringing the spice to the timeline