Founders

It's really hard to make products that are sticky in crypto because of the volatility of it.

A tool can be super valuable for a period of time as many users are in the trenches. But once prices go down users flee.

New meta comes out and all users switch their attention to something else.

You are very brave to build here.

Building /stokefire a mobile strategy game onchain. Run and own poolfish.xyz a calculator for LP providers. Built Potion solo and sold for $300k.

We are infra, not consumer, but the thesis of Pinata was built around withstanding this volatility.

In 2018, we chose to build our company on IPFS for two reasons:

- Regardless of the trends, crypto needs file storage and IPFS solved a specific technical problem for all crypto use-cases. Our rise was built on NFTs but today AI and memecoins are a sizeable portion of our revenue. And, whatever the next thing is, we will be there.

- IPFS is chain-agnostic meaning we can provide file storage to every chain. This eliminates chain-specific risk. If one chain struggles, we have every other chain to rely on.

Tl;dr: We are protected from trends because our business isn't reliant on specific crypto use-cases or chains succeeding.

Everyone is from somewhere. Cofounder and CEO of Pinata. https://www.pinata.cloud/

By transaction volume, NFTs declined by over 95% from 2022 peak. Our revenue declined by 50% because of it. I doubt there are many instances in web2 where you have to whether a 95% decline in your core business within one year. It's quite extreme.

yeah, infra has an easier time for sure. But I'm sure you've had to be pretty flexible and dynamic compared to web2 businesses.