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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. In the future, every software will have a web3 component. PayPal’s stablecoin has more than $0.5b

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Nobody Knows : Steel & Blockchains

Tom Tunguz

Asking “What problems do blockchains solve?” Blockchain networks are a new construction material for building a better internet. 2 Tomorrow, apps & software will have web3 components to them. is like asking “What problems does steel solve over, say, wood?” Which database did PayPal use to enable internet payments?

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The Impact of Blockchain on SaaS

Tom Tunguz

Soon, we will be talking about how crypto will change the software world. The blockchain is a technical advance. Enterprise software has three layers: infrastructure, platform and application. Over time, the blockchain’s distributed database will find important applications in business, and funding will follow.

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The Most Profitable Software Company in Q1 2024

Tom Tunguz

The chart above shows both the historical performance & also explains how web3 blockchains like Ethereum generate revenue & profits. How does Ethereum compare to other software companies? In terms of aggregate dollars across all publicly traded software companies, the Ethereum would be sixth.

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ChatGPT & Taylor Swift

Tom Tunguz

You won’t find people outside of tech hubs googling for microservices or layer 2 blockchains or serverless databases with any great frequency. We sought out software that would change the way we live. Seizing it could mean acquiring millions of new users who will want to use software in new ways.

ChatGPT 360
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Gas Gas Revolution

Tom Tunguz

As storage & compute became less expensive, the economic viability of new use cases became increasingly apparent & developers built software on the cloud. 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.

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

Tom Tunguz

Since then, the fourth crypto winter has dropped snow atop web3, but the revenue decline isn’t equal across web3 software. In January, L1s (blockchains) generated 78% of revenue across public web3 projects. The summer of 2021 marked an influx of dollars & interest into web3. L1s have fallen from 78% to 41%.