article thumbnail

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?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

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 340
article thumbnail

The Advantages of Blockchain-as-a-Service

SaaS Metrics

Over the last few years, we’ve witnessed a growing trend of people using software-as-a-service (SaaS). SaaS gives people access to software on a subscription basis. This means that instead of a business developing its own software, it can pay monthly to use already-developed software.

article thumbnail

Web3 in SaaS Clothing

Tom Tunguz

The absence of those dollars will flatten & shrink the already modest addressable market for web3 software & infrastructure. Web3 software & infrastructure companies yearning to thrive will need to look beyond the web3 buyer base to new markets with larger willingness to spend. annual spend on software.

article thumbnail

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%.