Tomasz Tunguz - The Most Successful Web3 Launch in 2022
Tomasz TunguzVenture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. The Most Successful Web3 Launch in 2022
What was the most successful launch of web3 in 2022? I think it’s a project that deserves more visibility than it has received. Reddit’s Collectible Avatars launched in August 2022. Collectible Avatars allow users to buy profile pictures. They can sell these to other users if they like. Blockchain powers the experience. The avatar trading subreddit has an active dialog of current collections. The marketplace supports artists. Creators pay Reddit 5% for minting costs, but retain the remainder of the earnings, less payment fees from Stripe or Apple or Google. Plus, creators receive 5% royalties on every subsequent trade. Why is this the most successful web3 launch this year?
The biggest challenge facing web3 today is how to bring new users & new dollars into the ecosystem. User & developer counts are relatively flat. Experiences like Collectible Avatars bridge the gap between the web2 & web3 worlds in a way that’s native to the product & community - which attracts millions of new consumers to web3 & millions of new dollars. |
Key phrases
Older messages
The Best Time of Year to Raise for Your Startup
Monday, November 21, 2022
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. The Best Time of Year to Raise for Your Startup I set out to
A New Chapter
Friday, November 18, 2022
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. A New Chapter After more than 14 years at Redpoint, I'm
My Laptop is Faster than Your Cloud : Announcing MotherDuck
Tuesday, November 15, 2022
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. My Laptop is Faster than Your Cloud : Announcing
Office Hours with Fredrik Haga of Dune : What is the Future of Web3 post-FTX?
Monday, November 14, 2022
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Office Hours with Fredrik Haga of Dune : What is
Soft in the Middle - Examining Your Startup's Org Chart
Friday, November 11, 2022
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Soft in the Middle - Examining Your Startup's
You Might Also Like
84 new Shopify apps for you 🌟
Thursday, March 28, 2024
New Shopify apps hand-picked for you 🙌 Week 12 Mar 18, 2024 - Mar 25, 2024 New Shopify apps hand-picked for you 🙌 What's New at Shopify? 🌱 New login requirements for the Order Status Page Changed ⸱
We've Been Tinkering
Thursday, March 28, 2024
Join Our Beta! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
AMA with Chiedo John, Director of Growth @ GitHub
Thursday, March 28, 2024
Live on Wednesday, April 3rd, starting at 9 AM PST͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
red hot startup intel
Thursday, March 28, 2024
FULL SWOT analysis on Ramp, Databricks, Cohere, Devoted Health, and Coalition inside Scouting Reports on 🔥 Startups Download Now Hi there, Psst. Want competitive intel on the top 5 industry leading
The Ultimate Amazon Guide: Strategies For Sellers In 2024
Thursday, March 28, 2024
Learn from Melisa Vong for FREE in the Start Your Ecommerce Business Summit ! Another day, another exciting opportunity to introduce you to one of our 20+ ecomm trailblazers in the Start Your Ecommerce
[SaaS Club] Overcoming Early Struggles to Bootstrap to $22M ARR
Thursday, March 28, 2024
Hey Reader Let's connect on LinkedIn! Follow me to stay in touch! Here's a quick round up of what's been going on at SaaS Club: 🎧 Podcast Hubstaff: Overcoming Early Struggles to Bootstrap
The ultimate 9-5 escape plan
Thursday, March 28, 2024
This is from THIS episode - Spotify - iTunes Reid Hoffman (founder of LinkedIn) once said “Entrepreneurship is like jumping off a cliff and building a parachute as you go down.” 😅🪂 I don't know
The Entrepreneur's Secret Weapon 💪
Thursday, March 28, 2024
The Entrepreneur's Secret Weapon 💪 u/Electrical_Ad_7754 Hey friends! Welcome to The Slice, a weekly curation of cool bootstrapped startups and actionable reads. We've got AI tools for
📂 Treat content like its your product
Thursday, March 28, 2024
Today's newsletter is proudly supported by Embarque 🎉 For two years in a row, SaaS founders and marketers reported content as the #1 driver of growth according to the State of SaaS
The ultimate 9-5 escape plan
Thursday, March 28, 2024
This is from THIS episode - Spotify - iTunes Reid Hoffman (founder of LinkedIn) once said “Entrepreneurship is like jumping off a cliff and building a parachute as you go down.” 😅🪂 I don't know