Product

There's still a wide gap between slick consumer crypto UX prototype and day-to-day practicality.

e.g. Passkeys — amazing when they work on the happy path, but plenty of instances where they don't sync, don't work cross platform

Optimistic that the underlying infrastructure will continue to improve in the next 12-18 months. Hopefully in apps and well-tested by the next cycle.

Related: the single biggest UX blocker for most consumer apps that are hoping to "onboard normies" in the upcoming cycle is fiat-to-crypto onramp.

In-app purchases work for small $ and targeted use cases, but getting $100 in a wallet that's deeply integrated with the apps driving the core onchain behaviors is the actual hard thing.

On-ramps require KYC, which is a huge source of drop-off. Why Coinbase has such a big advantage with 100M+ KYC'd accounts.

IAP is not enough considered by builders IMO. There are lots of cases in which it's ok to leave 30% on the table (eg buying $10 of a memecoin that will fluctuate >30% in the next hours anyway / mint something that costs $20 - hence about $30 with IAP).

Founder @converseapp (acq by @xmtp). Minting art every day.

Ugh - didn't know about this one - could become a limitation indeed.

Yep, although technically buying crypto with IAP is against Apple's rules...