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AI, Data and Blockchain: a VC perspective | Tomasz Tunguz, Founder of Theory Ventures
The MAD Podcast with Matt Turck
Value and Profitability in the Crypto Industry
In the crypto industry, there are three key publications that matter for fundraising or new product announcements. Ethereum, for example, generated around $400 million in net income in Q1, making it highly profitable with a 44% net income margin, surpassing traditional software companies. This profitability positions Ethereum as one of the top producers of profits globally. The speaker views Web3 databases, like Ethereum, as database companies with significant potential for growth and success, comparing them to established entities like Oracle. The speaker emphasizes the value and profitability potential of these Web3 databases, highlighting their significant cash production and the cost-effectiveness compared to traditional databases like Amazon's RDS.
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