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Gas Gas Revolution

Tom Tunguz

In 2021, Amazon announced they had reduced prices on Amazon Web Services 107 times since launch. This drop in prices has grown AWS into a $90b revenue business in 17 years. The same cost-reduction phenomenon is occurring with blockchains, though it’s not nearly as well publicized. Some days that figure soared about $70.

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

Tom Tunguz

The two most salient NFT collections, Bored Apes & Crypto Punks, have seen their prices fall by 50% from their highs , reducing trading volumes & marketplace fees. In January, L1s (blockchains) generated 78% of revenue across public web3 projects. There’s an important downstream effect. L1s have fallen from 78% to 41%.

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How QuikNode is Handling Growth in the Blockchain Industry

Baremetrics

QuikNode is a Miami-based startup powering blockchain applications with lightning fast Ethereum, Bitcoin, Polygon, BSC and xDai nodes. This allows anyone building an app that applies blockchain technology to do so by building directly on top of QuikNode’s globally distributed Web3 infrastructure. Table of Contents. Where Web 2.0

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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 the long-term, lower prices will drive more activity, essential for broader adoption of web3 technologies.

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Blockchain-based storage service takes on Amazon AWS, unveils pricing

IT World

A cloud storage service first announced in 2015 that uses the decentralized, peer-to-peer architecture of blockchain to store encrypted data on the computers of users around the globe has unveiled its pricing model and production launch date. To read this article in full, please click here

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The Top Sectors of Web3 in 2022 by Revenue

Tom Tunguz

L1s or blockchains, the public databases that record transactions, dominate the revenue share across the top projects producing 78% of revenue. Deltas between the figures provide insight into which sectors' tokens investors price at relatively elevated multiples. Price to revenue is last in this analysis. Exchanges place second.

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The Critical Question Facing Web3 Infrastructure Startups

Tom Tunguz

Paying five decentralized providers in five different tokens means managing several wallets and monitoring token prices to hedge expenses. Migrate the database (blockchain) and the file system to ensure on-chain asset ownership survives the company. Tokens reward the validators and the stakers powering the decentralized networks.