In the short time I have been in the crypto space, one of the things that stood out to me is the importance of communities. These communities can be a set of users of a protocol, a group of contributors to a DAO, or just a collective of people vibing around, ready to be tapped for certain causes. Given the open-source nature of crypto native products and services, communities are one of the highly valued moats and differentiators of any protocol or organization. Similar protocols can have different trajectories depending on its community of users (Uniswap and Sushiwap). By the very nature of their varying missions, each DAO is different based on the type of contributors it attracts (RaidGuild vs MetricsDAO). A community of NFT (non-fungible token) collectors can be different depending on the ethos and status projected by the NFT (Cryptopunks vs Nouns).

By now, you’ve probably heard about cryptocurrencies. The word crypto seems inescapable: it creeps up in dinner conversations with friends, when complaining about the seemingly never-ending inflation, and in podcasts you listen to every day. 

Hey there! My name is Andrew Hong, one of many analysts in the web3 data space. I’ve spoken ad nauseam about the benefits of everything being open source in web3, especially how it affects everything about how data is analyzed and built upon.