In 2023, the most popular blockchain – Ethereum – is undergoing key changes that will enable it to immediately scale to hundreds of millions of people. We believe Showtime is the best company to accelerate this upcoming “onchain summer”: our long-term vision is to create a user-owned network for 1B+ people, making social media evolve from a wasted-time-maximizer to a public good that benefits all of its participants whilst introducing them to blockchain technology.
The quiet rise of web3 music: despite the crypto winter, Showtime has been growing from 2k to ~15k WAU in the past 4 months as a “web3 social app” targeting music artists. “Web3 music” is a quietly rising market that is not only order of magnitudes larger than digital art (i.e. the 2021 NFT art boom), but eventually could become an eye-opener for all content creators to go onchain, making the entire world about to care about this technology in the process. We also believe that novel primitives like digital collectibles, token-gated group chats, and social tokens are features that will reinvent social networks in that direction. I should know, as I - Alex Masmej, founder and CEO - pioneered those very trends with $ALEX, my eponymous social token.
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