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Content
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GIGAMΞSH pfp
GIGAMΞSH
@gigamesh
Bluesky has raised a total of $23m with a reported 13m users. Merkle Manufactory has raised nearly ~10x more with a user base ~1% as big. Is embracing crypto just that much more enticing to investors? What am I missing?
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Sid pfp
Sid
@sidshekhar
https://warpcast.com/dwr.eth/0x1c0960fa
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pugson pfp
pugson
@pugson
jack dorsey: scrambling to figure out the next investor update and another deck to plug the burn rate dan romero: just chillin and experimenting for 10 years straight
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headless horsefacts pfp
headless horsefacts
@horsefacts.eth
I post here
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Kazi  pfp
Kazi
@kazi
Farcaster has 10x aura
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Alex pfp
Alex
@asenderling.eth
My uneducated guess is monetization. WC was able to acquire it's user base despite having a sign up cost. You also likely have a much higher % of monetizable users here with much higher average disposable income than on Bluesky.
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Chinmay 🪔🪔🕹️🍿 pfp
Chinmay 🪔🪔🕹️🍿
@chinmay.eth
I think the difference is "frames" and the dev ecosystem.
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Alex Loukissas 🍉 pfp
Alex Loukissas 🍉
@futureartist
One of the two is using datadog, those bills are expensive 😂
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chandresh 🪴 pfp
chandresh 🪴
@chandresh.eth
bsky doesn't have a @woj.eth & @supercast
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Stuart pfp
Stuart
@olystuart
Kinda tracks tbh anti crypto crowd has more people but less money (not a bad thing just different demographic). That's a lot of users though so maybe there's some other issues or maybe it's just undervalued.
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Zach pfp
Zach
@zherring
1. Bsky probs won't have a token. Merkle raise def has at least a SAFET. 2. Whatever you raise, generally have to 10X/ARR to justify. Economics much more difficult to make sense without inventing a token for an exit event 18-36 months in. Equiv Web2 Businesses Profits Patreon: $50-90MM/ARR, 8M MAUs Twitter: $3.4B/ARR (2023), 335M MAUs Landing somewhere above Patreon and Twitter makes sense for Bsky target + valuation.
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dustmrtn pfp
dustmrtn
@dustmrtn.eth
maybe more monetization possibilities through ETH integration and protocol-first approach?
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gatedude.eth pfp
gatedude.eth
@gatedude
Hey legend, please can I get an invite to join the /farther channel?
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