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Josh Cornelius
@joshcrnls
pretty clear that a dominant business model of the next generation of social networks will be transaction fees from facilitating peer to peer value transfer
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Jaimin
@jaimin
Do you mean gas or taking a fee from the spread? I think it depends on trnasaction fungibility P2P transactions can be made outside of the social platform so it’s hard to charge in the long run as users will find a cheaper alternative. Aggregation theory breaks down a bit in crypto with the fungible of transactions from different frontends… why Opensea lost out to Blur Maybe they can charge a convenience fee or monetise from gas Orderflow is only truly monetisable if those transactions aren’t fungible or you enable faster trading, infinite places to swap USDC/ETH and so aggregators can’t monetise Pump fun or even friendtech require you to buy off the bonding curve so can charge huge spreads since they’re not fungible transactions
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