Adventure #54 - fees.wtf

Investigate gas spending (of people)

Hey therešŸ‘‹
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 todayā€™s sponsor - Ocean Money

will tell you more in a bitšŸ„ā€ā™‚ļø 

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 šŸ‘‡ļø 

Wouldnā€™t it be nice if you could send both fiat and crypto transactions from one app?

It would be! And thatā€™s 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! Theyā€™ve 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 donā€™t know how much youā€™ve spent on gas

  • you donā€™t know how much others have

  • you donā€™t know what theyā€™ve spent gas on šŸ‘€ 

(ii) solution & demo

Fees[dot]wtf is an old school tool.

You connect your wallet and it shows you how much youā€™ve spent on gas. People were using it to flex back in the bull market šŸ˜„ 

Hereā€™s me for example.

Anyhow, thereā€™s now a pro version (which is limited but free) and it can show you what others have spent on gas.

For example, hereā€™s what Machi Big Brother has been up to.

Just for reference - 426eth is $790k at current prices.

And hereā€™s what heā€™s up to

Pretty cool, right??

(iii) considerations

  • Iā€™m not sure how much would paywalled when the pro version gets a pricetag

  • Iā€™m also not even sure if this is being worked on. Thereā€™s 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.

See you next MondayšŸ‘‹
- Mitko

ps if you wanna connect with me - hereā€™s my calendly

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