your bank competes for your deposits while everything else competes for your attention
those two worlds are about to collide, and we call it entertainment finance 👇
inevitable, and good to see teams making the hard calls instead of continuing down a path that clearly isn’t working
our biggest learnings at sophon were:
1) you can’t outsource pmf for a new chain. great founders won’t take on the additional platform risk when building a startup is already hard enough. the best builders gravitate toward established ecosystems where the tech is good enough
2) once you pivot to first-party apps, running your own chain rarely makes economic sense. the engineering effort is better spent focusing on the app vs. maintaining what is mostly commoditized infra
would guess mega eventually reaches the same conclusion on #2. & their stack is more ambitious than ours was, so i’d imagine the roi hurdle is even higher - but happy to be proven wrong
either way, respect for adapting!
see you in the app arena 🫡
Today we burned 46.5M SOPH: ~0.5% of total supply.
SOPH's utility is evolving from gas and staking to buybacks and burns funded by product revenue.
More to follow as @paywithpyre launches soon.
Sophon Chain devri sona eriyor; rotayı @base üzerinde yeni nesil tüketici deneyimleri geliştirmeye kırıyor. Zincir odaklı değil, uygulama odaklı bir "teknoloji stüdyosu" olarak Soph(+) yoluna devam ediyor.
Detaylar: https://t.co/ddsi38J9Hm
#Sophon#Base#Onchain#Web3