- web3adventures
- Posts
- Adventure #54 - fees.wtf
Adventure #54 - fees.wtf
Investigate gas spending (of people)
Hey thereš
My mission is to support ambitious founders and fuel innovation!
And there are companies who align with that mission and want to support the newsletter.
Just like todayās sponsor - Ocean Money
will tell you more in a bitšāāļø
Today's plan:
Use this framework to look into a business:
(1) The product
(2) The founding team
(3) Funding & Hiring
Current events + business talk
(4) Meme of the week
(5) Hustler's ambition
None of this is sponsored, I choose what to write about.
This is not financial advice either
Today is dedicated to fees[dot]wtf
But first, a word from our sponsor šļø
Wouldnāt it be nice if you could send both fiat and crypto transactions from one app?
It would be! And thatās what Ocean Money is building towards.
The details:
The app houses both fiat & crypto transactions
No more hassle with on/offramping your funds
Expected release in September
The business is run by an experienced team too! Theyāve sold out an NFT collection for over $3 million and are also fractionalizing gold mines in Africa.
To learn more, follow them on Twitter
The Product
(i) problem
you donāt know how much youāve spent on gas
you donāt know how much others have
you donāt know what theyāve spent gas on š
(ii) solution & demo
Fees[dot]wtf is an old school tool.
You connect your wallet and it shows you how much youāve spent on gas. People were using it to flex back in the bull market š
Hereās me for example.
Anyhow, thereās now a pro version (which is limited but free) and it can show you what others have spent on gas.
For example, hereās what Machi Big Brother has been up to.
Just for reference - 426eth is $790k at current prices.
And hereās what heās up to
Pretty cool, right??
(iii) considerations
Iām not sure how much would paywalled when the pro version gets a pricetag
Iām also not even sure if this is being worked on. Thereās not been any tweets since 2022
(iv) how you can benefit
Track your own gas spending
Monitor othersā gas spending and draw conclusions:
buy high sell low, make money. easy
The founding team
Name: no info
Funding and Hiring
A) Funding
No VC funding but there is/was a token involved.
B) Hiring - N/A
Favourite meme of the week
Hustler's Ambition
(A section dedicated to frameworks/ideas/tools)
Trends[dot]vc is a remarkable business that I lightly studied.
This thread from the founder might just get you into the rabithole.
How I built a paid community to 1,000+ members in 10 months
A threadš
ā Dru Riley (@DruRly)
5:36 PM ā¢ Aug 24, 2021
See you next Mondayš
- Mitko
ps if you wanna connect with me - hereās my calendly
Reply