Ben Greenberg
@hummusonrails
We need to discuss why the Robinhood and Arbitrum deal is transformative. The number one thing I hear from outside the web3 space? šš Where is the product-market fit? šš It's time to retire that question. PMF was here before, but it's here beyond a doubt now. š
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Ben Greenberg
@hummusonrails
Robinhood is the top consumer trading app due to its unmatched user experience, making complex financial products accessible. Web3 aims to enhance financial security, but struggles with a poor user experience, to say the least. We've tried many solutions to this natively, but none of them would work for my mother-in-law.
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Ben Greenberg
@hummusonrails
Give financial consumers a UX honed over years of research on top of a blockchain infra that makes many financial products, keys to economic security, in reach for the first time. Before that, they were out of reach because: - Global restrictions - Wealth entry required just to play - Lack of knowledge - ..., etc. What kind of product am I talking about?
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Ben Greenberg
@hummusonrails
Well, RWAs, of course. Through the tokenization of stocks in markets that have been previously inaccessible to many people around the globe, more pathways towards financial stability suddenly open up. It doesn't end at stocks, though. Tokenization of real estate in high-return locations is the next logical step.
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Ben Greenberg
@hummusonrails
This is the kind of PMF that makes sense to someone's mother-in-law. This is the kind of PMF that activates the home consumer dabbling on Robinhood. This is the kind of PMF that intuitively clicks. Even more importantly, this is the kind of PMF that enables the unlocking of financial betterment for countless people worldwide.
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Ben Greenberg
@hummusonrails
It was time to retire the "crypto has no PMF" narrative already for a long time. Now, at this point, let's not only retire it. Let's bury it.
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