Some thoughts on Coinbase's 2022Q2 earnings (2 minute read)
Coinbase's earnings are down, in line with the rest of the crypto market. In the last quarter, they likely had a real revenue of around $650 million and around $1.4 billion in core expenses, plus $400 million in impairment. The vast majority of its losses likely come from payroll and bonuses. Coinbase pays roughly $4 billion a year for its around 5,000 full-time employees.
CreatorDAO is finally coming out of stealth and announcing our $20MM round (1 minute read)
CreatorDAO is a project that aims to become the web3 version of venture capital firm Andreessen Horowitz, but with a focus on content creators. Content creators who apply to the DAO will have access to mentorship, advice, and support from other DAO members. CreatorDAO recently raised $20 million in a seed funding round. Its investors include Andreessen Horowitz, Paris Hilton, and the Chainsmokers. CreatorDAO is still centralized and will be until the organization is set up with a core group of mentors.