Is There Any Opportunity for Web3 Native Players?

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The opportunities for the NFT space are still within the hands of Web3, which is kind of fun until if and when Apple and Google get into the game. But in my opinion, right now, most of the wealthy people in the world who would buy NFTs or could potentially purchase them are iPhone owners. I can totally see a situation where some of the bigger NFT exchanges decide to open apps and just eat the cost. It could be that even big NFT marketplace is like OpenSea or Magic Eden do get into the Apple game down the line with this 30% tax.

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious.For our Thursday episode where we discuss the latest in crypto news, we talked about Apple’s new App Store guidelines announced this week and how they could make life harder for NFT exchanges and crypto companies looking to grow through mobile adoption. We also discussed:

Reddit’s surprisingly successful foray into the NFT space in light of new metrics the company shared on stage at Disrupt
The U.K.’s new prime minister, Rishi Sunak, and whether he’ll live up to the hype he’s received from the crypto community

BTW, we’re getting closer to our crypto event in Miami on November 17th! If you want to join us to hear from web3 leaders at firms such as OpenSea, FTX and Haun Ventures, you can use the promo code REACT for 15% off a General Admission ticket.If you can’t join us in person in Miami, you can use the promo code REACT to get 25% off an annual subscription to TechCrunch+ for web3 deep dives, exclusive interviews and analysis.Chain Reaction comes out every Tuesday and Thursday at 12:00 p.m. PT, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.