Organic ecosystem growth was always much more important to us than gaming fake TVL numbers.
You can have billions in TVL, but if that money isn't being used flowing in the ecosystem, then it's effectively a vanity number.
We focused the majority of our effort on curating great apps and great teams to build on Abstract rather than chase TVL deals.
Glad to see that bet start to pay off. Still a lot of work to be done, but it appears that crypto users have gotten a lot smarter about what really matters, which is great to see.
> put cambria, gigaverse, och, roach racing, duper, captain & co, witty in spotlight for weeks
> people say "Abstract is only for gambling"
The casino apps are only on spotlight because ppl are using them. We always try to make sure there's a balance of different apps in spotlight.
However, one of the reasons why gambling apps are popular on blockchains is because you can have true verifiable randomness, something that doesn't exist in web2. Combine this with the fact that existing crypto users like to gamble, and it should come as no surprise that people are heavily using casino-like apps on Abstract.
For those curious on what the new Apple vs Epic ruling will (and won't) do for mobile apps:
- Apps can accept crypto payments rather than routing through the Apple app store (with a 30% fee). This is huge for integration with mobile wallets where users can spend their crypto directly (USDC, ETH, SOL, etc) without having to pay extra fees.
- Mobile apps for NFT marketplaces will allow buying/selling of NFTs. The days of having to use mobile web pages to buy/sell NFTs are over - apps can now enable NFT purchases directly.
- Apps were previously not allowed to gate any functionality via NFTs (which was used to circumvent app store fees). It seems like the Epic Games lawsuit ruling overrules that policy, but I'll need to double check this. If overruled, this would allow teams to provide more utility to NFTs.
- This still doesn't make the 0->1 fiat onramp experience for crypto apps easier. Users will still have to go through KYC to actually buy crypto, but once they have crypto it'll be easier to use in iOS apps.