Blur v Opensea driving take rates to 0 makes me bullish on crypto. 

To me, one of the biggest value props of crypto is getting us closer to the efficient market and reducing rent extraction. 

Tokens potentially align incentives here, Opensea yet to crack (maybe doesn’t apply in this case)

making data useful with AI. Previously built @stelo to keep you safe from phishing 
benscharfstein.twitter
https://nf.td/ben

But how do companies make a profit in that case?

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

I'd say both Blur and Opensea are not protocols. 
They need to make some money if they are going to continue to deliver a good service.

API like you mentioned could be a good way I guess.

I'm very interested in the idea of how protocols can capture the value they are deserved.

A few things:
-Protocols don’t need to profit

-OS has made a ton of money to this point, just because they don’t have a long term sustained profit engine, doesn’t mean they can’t profit

-By doing things that are differentiated and value add. For example, their APIs are very useful and benefit from economies o

this is the question that still vexes me about all these governance tokens

if there’s one thing crypto can do it’s make people money