this week in sf and nyc i spoke with dozens of different crypto founders and operators (both b2c and b2b) all agreed that 1) the current proliferation of new chains is unsustainable and that there’s going to be consolidation but 2) it’s not happening anytime soon - so everyone’s trying to figure out what’s the cost / benefit of integrations for every new chain while we’re still living in this environment being able to quickly integrate chains, and/or provide better chain abstraction is going to be a competitive advantage - since the time spent thinking about this isn’t a core competency for most apps
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More than 200 chains (L1s, L2s and L3s) have launched in the past year. That means it’s getting harder to compete for mindshare - why should I use or build on your chain, and how is it different from any other general purpose platform? Technical superiority isn’t enough - plenty of examples in tech where the most advanced option failed to gain traction (think Betamax vs VHS). But purely operating off vibes doesn’t work either - developers are the lifeblood of crypto, and there needs to be something of substance for them to stick around. The most successful and fastest growing ecosystems have to offer a novel value proposition AND have a strong GTM (while realizing devs, creators and users all overlap) Here’s a few (non exhaustive examples) of ecosystems with near term launches doing it all:
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sentiment check -- current look i get when i tell people i work in crypto is somewhere in between "look you'd give a wounded animal" to "drank orange juice after brushing teeth" so early™
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