killer app

"DeInsight 2024" Roundtable Discussion: Killer Apps Need to Address Retention, Not Just Growth

ChainCatcher live report, Puffpaw founder Reffo, MTT Sports co-founder Joe, SoSoValue co-founder Jess Lo, CMT Digital researcher Oliver Jaros, and Ether.fi ecosystem head Charles Mountain attended the DeInsight conference and participated in a roundtable discussion titled "Building Killer Applications," where they engaged in an in-depth discussion on the evaluation system for killer applications, key tracks, and other hot topics.The backgrounds of the guests vary, and their understanding of killer applications is diverse. Oliver believes that PMF (Product-Market Fit) and GPEN (Global Payment Network) are very important. Jess thinks that meme coins are the most eye-catching applications of this cycle, while Joe from MTT Sports believes that a smooth user experience and security are the most important qualities of an application. Reffo considers positive interaction with consumers to be the most crucial. Charles believes, "Typically, the killer applications in my mind are those that have a meta-definition, more specifically, those that can solve retention rates, not just growth."When comparing Web2 and Web3, the guests noted that both are community-based and need to find core users, understanding their pain points and needs. However, there is a world of difference in the monetization of user behavior and marketing investment between the two.Speaking of the impact of elections on Web3 applications, the guests mentioned that the market fluctuations caused by Trump's election have drawn attention, with many founders returning to the U.S., potentially leading to more crypto conferences being held in the U.S. Under the spotlight, the biggest killer application is the election prediction platform.Finally, the guests foresee that the most likely tracks for killer applications include payment and stablecoins that bring together on-chain and off-chain interactions, which can attract more users from emerging countries.Remote participation 👉Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html

Mark Cuban: Cryptocurrencies lack killer applications, don't buy NFTs for speculation

ChainCatcher news, billionaire NBA Dallas Mavericks owner Mark Cuban revealed on the "Wired" show how he built his fortune from scratch, expressed regret over the lack of killer applications in cryptocurrency, and showed optimism about NFTs. Here are some of Cuban's best quotes:"Cryptocurrency has some issues. When most people think of cryptocurrency, they think of speculation. That’s not the true meaning of cryptocurrency. The true meaning of cryptocurrency is to create new applications that make things better and simpler. What cryptocurrency lacks is the applications that grandma would actually want to use.""Think back to the iPhone. It was launched in 2007, but it wasn't until the best applications like Instagram, Snapchat, and Facebook entered the mobile market that the App Store and iPhone really took off. Cryptocurrency is still waiting for its Instagram moment. (Cuban cited that NFTs are used as tickets, so every time they are resold, the original owner gets a cut.)"The NFT market is terrible. Do you know how many other industries are also terrible? After the internet stock market crash, Amazon was once selling for $5 a share, and Microsoft was worth only a fraction of what it is now. I’m not going to tell you what to do or what not to do; I just want to say that the best time to buy NFTs is when you are a collector and you love NFTs."Don’t buy for speculation. Do you know what happens to speculators? They get crushed. One day, you’ll look back and say to yourself, 'I should have bought those damn NFTs when they were practically worthless.'"
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