I know this is a somewhat provocative question but I still hope to get an honest answer. I started to explore the Ethereum Ecosphere and scrolling through the Dapp and DeFi lists you can find online (such as on defipulse.com etc).
Even though I absolutely respect the technological achievements in Ethereum and other block chain technologies, my impression is that there not yet any real business happening. It rather seems to be a closed ecosphere e.g. exchanges and wallets and currencies that run on Ethereum but with little connection and “on-top” value to the outside world. Like startups buying the services from other startups.
I know that banks run blockchain exploration labs and launch a little experiment here and there but it all looks rather experimental instead of serious business.
Am I completely mistaken with my impression? Can you provide example that demonstrate that actual business is happening on Ethereum?
Thanks for your help!
Can you provide example that demonstrate that actual business is happening on Ethereum?
There's infancy phases of many, such as NexusMutual, but "real businesses" the prime example would be Brave. It's literally in every single way a real business behind the token.
DAI is a good use of ethereum.
Also crypto domains from unstoppable domains.
ENS is superior to unstoppable domains imo
No idea. Why?
You are correct in that we are still early days–like the first DARPANET between a few universities. So if you think you've missed the boat on owning a bit of the future, you might reconsider.
Hi, lots of people are building businesses on top of Ethereum (non trading/speculation), myself included. It will take time for one of them to hit a sweet spot where it offers a unique interpretation and advantage vs the fiat businesses.
"If we scale it, they will come."
Wait until stocks IPO on uniswap and other AMMs
Would certainly lower the ticket price you currently have to pay to investment banks in order to get your company shares public.
Check out the work being done by Ernst & Young and Baseline Protocol to see where it's at
Yes, it's mostly startups serving startups. Which of these startups will grow big and become a key component of the tech industry in the future is the real question.
I doubt anyone is using this yet but I think it has serious potential especially for underprivileged developers (if gas costs ever get under control). Doesn’t require a token is actually 100% free to use and I would love your feedback based on your initial findings in the DeFi space:
Basic Attention Token – privacy advertising model. OMG network – scaling payments systems. Matic network – scaling smart contracts.
Every protocol is a business. MakerDAO and Compound are credit risk. Uniswap, Curve, etc. are Market Making. Augur, Synthetix, eetc., are derivatives. I'm not sure what you mean by actual businesses but users are paying to use these platforms, and that's what a business is.