The Milk Road Show
A Crypto VCs Inside Take On Adoption & How To Profit From It w/ Mike Dudas
Sep 9, 2024
Mike Dudas, co-founder of 6thManVentures and former founder of The Block and LinksDAO, discusses the intriguing disconnect between crypto prices and adoption. He identifies three key sectors driving mainstream integration, including decentralized finance and gaming. Dudas delves into real-world use cases like micropayments and explores the challenges of cultural skepticism in crypto. The conversation also provides insights on investment strategies, emphasizing a long-term approach amid a rapidly evolving landscape.
33:15
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Quick takeaways
- The divergence between crypto prices and adoption suggests that user engagement metrics must be analyzed beyond surface-level figures like wallet addresses.
- Key sectors driving crypto adoption include decentralized infrastructure networks and gaming, which focus on real-world applications and user-friendly experiences.
Deep dives
Divergence Between Crypto Adoption and Prices
The current trend indicates a significant divergence between crypto prices and adoption rates, with active blockchain addresses increasing dramatically even as prices stagnate or decline. This rise in addresses may be partially attributed to factors like users creating multiple wallets for different applications, as well as automated systems interacting with the blockchain. Even though there are more on-chain addresses, the actual number of unique human users is not growing as rapidly as these figures suggest. This discrepancy highlights the need to look beyond mere metrics and understand the nuanced dynamics of user engagement in the crypto space.
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