Tag: web3

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Companies that Matter

How is OpenSea worth $13B?

Six months ago, OpenSea raised at a $1.5B valuation. Today, it just raised at a $13.3B valuation. NFTs are a massive business. Here is OpenSea’s yearly transaction volume. It takes 2.5% of that volume, generating the revenue in the pictured line chart. 2018: $474K2019: $8M2020: $24M2021: $15B We’re only a few days into 2022, but […]

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New Tech to Care About

🧸 wagmi: What Crypto-Bears Miss – Why Stephen Diehl is Wrong

50 thousand favorites of a Tweet is not a normal thing. While crypto bears are everywhere, Stephen Diehl has become the standard bearer for the position. His threads are written with the wit of David Foster Wallace and the techno-philosophical prose of Michael Crichton. And, boy, do they perform. With Twitter’s average engagement rate of […]