Why We'll See More New Types of Web3 Apps in the Next Year
Tom Tunguz
AUGUST 29, 2022
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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