Elie
@elie
Does it bother you that most web3 products don’t have a business model?
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Caden Chase
@cbxm
you'll have to give an example, but generally no, because of the community-first ethos we see a lot here founders can envision a business model, but the community can also be consulted once it's live I feel like it's swimming with the current (of users), vs building a dam (to retain them)
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Elie
@elie
Would be interested to find examples of business models 😅 But some examples: Farcaster Uniswap The Graph Aave Last two actually do but tiny revenues. And Farcaster I’m not actually worried for and can understand not yet monetising. But many services are run off magic internet money
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Elie
@elie
Nft communities take in a large amount upfront and then don’t usually have additional income streams. In terms of nft daos, purple and nouns are charities. Although noun’s holders seem to think each new noun sale is revenue when it’s really just selling more shares of their company.
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Caden Chase
@cbxm
but... uniswap, graph, and aave all have revenue models. uni: fees on swaps graph: fees on queries aave: fees on borrowing and aave has done ~$6MM in revenue in the last 30 days, I wouldn't call that tiny
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