High flying Coinbase has fallen to $50 per share, which is about a $10B market capitalization. This is dramatically down from its 2021 IPO share price of +$300. This drop follows mostly from its revenue being directly tied to the prices of Bitcoin and Ethereum. But it also has to do with the tremendous loss […]
In Part 1 and Part 2, I laid out my approach to web 3.0 business models. These are sometimes called “decentralized platforms”. Or “protocols”. I don’t really buy either of these as I think they overemphasize the decentralized aspect. And that is rarely enough to win as a competitive service. I think most of the […]
Right now, the venture capital types are all talking about “web 3.0”. Very big names are arguing that this is the big new tech paradigm. But really this is about blockchain, which is a much bigger and more important technology than I had appreciated. When I look at the digital world, I now put things […]