Executive Summary: CryptoPunks are a limited collection of 10,000 non-fungible tokens programmed for the Ethereum blockchain. CryptoPunks (or rather its creator Larva Labs) makes money by selling the NFTs they own. Larva Labs does currently not disclose how many CryptoPunk NFTs it possesses. What Are CryptoPunks? CryptoPunks are a limited collection of 10,000 non-fungible tokens … Read more
Executive Summary: Bored Ape Yacht Club is a set of 10,000 limited non-fungible tokens that resemble an illustration of disinterested-looking apes who all possess different traits. Bored Ape Yacht Club makes money through the issuance of new digital artwork as well as via royalties from secondary sales and other transactions. What Is Bored Ape Yacht … Read more
Executive Summary: The Sandbox is a gaming ecosystem that allows its users to create and monetize digital assets and gaming experiences. The Sandbox makes money by issuing and selling tokens as well as other digital assets. The business model of The Sandbox is predicated on driving up demand for those tokens. Launched in late 2021, … Read more
Executive Summary: Decentraland is a decentralized virtual world that is owned by its users and governed via a decentralized autonomous organization. Decentraland makes money by issuing and holding its MANA tokens. The platform was able to raise an initial $26 million during its ICO by selling MANA to interested investors. Founded in 2015, Decentraland has … Read more
Executive Summary: MetaMask is a cryptocurrency wallet that allows users to exchange and store any Ethereum-based (ERC-20) tokens. MetaMask makes money from swap fees, management fees, as well as by selling merchandise via its online store. Launched in 2016, MetaMask has risen to become the world’s leading Ethereum wallet. It is used by more than … Read more
Executive Summary: FTX is a centralized cryptocurrency exchange focused on derivatives and other types of financial instruments. FTX makes money from various trading fees, interest from loans, interchange and payment fees, listing and transaction fees from its NFT marketplace, and by selling stock in the firms it invests in. Founded in 2018, FTX has risen … Read more
Executive Summary: Axie Infinity is a blockchain-based game in which players breed, raise, and battle monsters that are called Axies. Axie Infinity makes money by charging a 4.25 percent fee for transactions taking place in its own marketplace. Founded in 2018, Axie Infinity has become one of the world’s leading blockchain-based games. The company behind … Read more
Executive Summary: Brave is a privacy-focused internet browser that lets users navigate to websites, execute web apps, and consume online content. Brave makes money via banner ads, subscription fees, affiliate commissions, search ads, and by selling digital and physical products through its online store. Founded in 2015, Brave has managed to attract $42 million in … Read more
Executive Summary: Uniswap is a decentralized exchange that is powered by Ethereum and allows users to swap tokens using its ERC20 standard. Uniswap makes money via protocol fees that can be optionally turned on by UNI governance. On top of that, it generates income through the issuance of its own UNI token. Founded in 2017, … Read more
Executive Summary: Sorare is a fantasy football game that allows players to create virtual teams and compete against each other in a league format. Sorare makes money by issuing and selling new cards on its platform. Players can then purchase those cards and add them to their existing squads. Founded in 2018, Sorare has raised … Read more