Consumer Crypto

still digesting this thread https://x.com/nftchance/status/1808299521463533788

director of product @seedclub. i host S-TIER @ X Spaces & i interview crypto builders @ web3galaxybrain.com.

I wish it used simpler language.
It seems that what they're trying to say could be said in a much simpler way but I don't know since the language they chose isn't that clear.

it's true with AI investments too probably. people building tools & shovels get easier funding than the ones building consumer apps. maybe investors view them as less risky bets?

🤯 anywhere I can read more about intent in this context? 

What I’m gathering is building something that creates a want rather than solves an existing issue is where more value will accumulate. 

Did I get that right?

Great thread... Many things that are currently considered apps in crypto are not really apps e.g. Dexs and Lending platforms

Their ability to monetise always becomes a race to the bottom unless they somewhat own the consumer (like Uniswap are doing) but even then a lot of revenue flows away to the intent producer... aggregators and apps that build ontop of their stack

It's why Dex aggregators have long been a race to the bottom

FRONTENDS MATTER!