The Paradox of Blockchain Monetisation - TOKEN2049 London 2021
Join Daniel Pellet, co-founder of Orbs and HexaGroup, as he unravels the complexities of blockchain monetization in his insightful talk, 'The Paradox of Blockchain Monetisation' at TOKEN2049 London 2021. With a decade of industry experience, Daniel delves into the critical issue of creating revenue-generating blockchain ventures amid the hype-driven market.
Explore the challenges of monetizing blockchain infrastructure and the pivotal shift towards application-layer value creation. Daniel highlights the stark revenue realities from the latest data, pinpointing Ethereum, Axie Infinity, and OpenSea as the rare unicorns thriving financially. These case studies showcase how applications are capturing revenue, despite infrastructure's commoditization.
The talk introduces a transformative concept: the third infrastructure layer, or Layer 3 (L3). This advanced layer aims to empower applications by enhancing their value extraction capabilities, thus expanding the potential revenue pie. Real-world examples from DeFi and NFTs illustrate how L3 could revolutionize app functionality, leading to significant economic gains.
The presentation also touches on Orbs' initiatives, including a substantial grants program to foster innovative L3 projects in DeFi, NFTs, and gaming. Daniel's vision for a sustainable, value-driven blockchain ecosystem positions L3 as a key enabler in this evolution.
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