Crypto Insights: Blockless – Empowering Web3 Infrastructure
Hello Crypto Enthusiasts,
In this week’s newsletter, we’re excited to delve into the world of Blockless, a remarkable Web3 company revolutionizing infrastructure for developers.
During the episode, the Blockless team shared key insights, including their wide range of features, the incorporation of zero-knowledge proof solutions through the ZK module, and the usage of Blockless in various verticals. They also emphasized their commitment to serving end-users through self-service capabilities.
Join us as we explore their innovative solutions and discuss their plans for the future.
🔹 Unveiling the Blockless Team: On a recent episode of Token Metrics, Blockless took center stage, sharing insights into their mission to empower individuals with decentralized infrastructure beyond blockchain itself. The team, with engineering and crypto investment backgrounds, includes Michael Chen, a renowned researcher with over 500 published papers on token projects at Binance Labs.
🔹 Unleashing the Power of Blockless: Blockless offers a WASM-based Verifiable serverless platform that enables developers to launch products on a decentralized global network effortlessly. Their solution eliminates the need for developers to worry about infrastructure, allowing them to focus on building applications. Supporting multiple networks and programming languages, Blockless enables the creation of cross-chain solutions, cross-network compute layers and storage networks.
🔹 Wide-Ranging Use Cases: The flexibility of Blockless’s platform makes it ideal for various use cases such as decentralized finance (DeFi), social finance, gaming, and more. Notable partnerships with B Chain, Celo, Eigen Layer Protocol Labs, and others have further solidified their presence in the Web3 ecosystem.
🔹 Business Model and Revenue Generation: Blockless adopts a hybrid SaaS business model, where users pay based on their usage per million invocations, starting from a free tier. On the other hand, Node operators receive tokens based on the cost of their hardware bandwidth used to run the project’s infrastructure. Blockless also explores revenue generation by integrating their technology directly into web2 projects.
🔹 Challenges and Community Focus: While Blockless acknowledges the adoption challenges posed by new technologies like WASM, they are committed to fostering a community-centric approach. They are working towards creating a homogeneous ecosystem for a better user experience and driving community-based networks where indie developers can run their infrastructure.
To learn more about Blockless and its groundbreaking infrastructure solutions, visit their website and stay tuned for further updates. If you’re interested in becoming a node operator, registration is now open on their website.
That’s all for this edition of our professional crypto newsletter. Stay informed and explore the ever-evolving world of blockchain technology and decentralized finance.
The Crypto Insights Team