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Which Categories of Seed Startups are Thriving? Which Aren't?

Tom Tunguz

Blockchain - another exponential curve that shows growth from 0 to 200 startups in eight years. Blockchain is clearly the category with the steepest slope. Software - up more than 3x, Software is a perennial category. Analytics - surprisingly, this category has seen its zenith. Cooling Spaces.

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

Tom Tunguz

In January, L1s (blockchains) generated 78% of revenue across public web3 projects. As blockchains look to foster healthy ecosystems, they will need to build a portfolio of application developers across different categories. Exchanges clocked in second at 6.4%, then NFTs & marketplaces at 5.9%.

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Building a $20b Behemoth : Office Hours with Steven Goldfeder of Offchain Labs

Tom Tunguz

Steven authored many of the seminal papers behind modern blockchains. Arbitrum is a L2, a layer 2, that sits atop Ethereum, improving its performance & cost to write transactions. More than innovating technically, Steven has guided Offchain Labs’ developer relations strategy in a unique way in the ecosystem.

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Don't Look Now But Web3 Companies are Beginning to Trade Like their Web2 Counterparts

Tom Tunguz

But let’s break the data down by category into the top 5 by revenue: L1s (blockchains), DEXs (decentralized exchanges), Credit (lenders), NFT Marketplaces (buy & sell Bored Apes), & Yield Aggregators (systems to maximize interest rates on deposits). There’s none. The correlation asymptotes to zero. Market Places.

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The Top Sectors of Web3 in 2022 by Revenue

Tom Tunguz

With the summer of Defi behind us and a new year for web3, I wondered which categories of web3 startups generate the most revenue. L1s or blockchains, the public databases that record transactions, dominate the revenue share across the top projects producing 78% of revenue. Exchanges place second. Revenue and age correlate weakly.

Payments 363
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The Web3 Marketing Stack: The Next Big Wave in Crypto

Tom Tunguz

Attribution vendors and Analytics vendors will poll various blockchains constantly to provide up-to-date data. Some will build this in-house, but over time, it will emerge as a separate category. Advertisers seek to optimize their marketing funnels.

Marketing 353
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Neal Stephenson on The Future of the Metaverse

Andreessen Horowitz

While the book remains in that category, many of its concepts are now found in reality… Fast forward to 2022, where numerous companies are now building toward their version of the metaverse, including Neal himself – working on Lamina1 – a blockchain company oriented toward creators.