Web3 = a decentralized Internet. It enables greater privacy, boosted transparency, eliminates intermediaries, facilitates data ownership and digital identity solutions – and it is all based on blockchain technology. via https://t.co/tEw7TO6hRk
Is the glaring lack of diversity in the crypto space not troubling to anyone, especially given the often paraded claim of anonymity within the #Web3 space?
◽️ User Retention
There are often idiosyncratic reasons why end users try out a smart contract platform once, such as unsustainable yield farming rewards. Since blockchains are public databases, we can observe which addresses continue to use these platforms over time.
◽️ Daily Active Users
For most web3 builders, distribution to end users/overall reach is of the utmost importance. The best on-chain proxy for monitoring DAUs is to look at the number of daily unique accounts who sign a transaction.
Visa bought a CryptoPunk. Adidas bought a Bored Ape. Nike acquired RTFKT.
The common denominator? Ethereum.
Not financial advice, just an observation 🙂
My first two NFTs:
@fingertrapnft #0413 via @904lemon (hot pink/gold)
@fingertrapnft #0090 via @904lemon (hot pink/green)
#NFT#nftart#NFTdrops#Web3NipHussle