I’m back for my reason number 2 as to why Chainchat has real staying power to compete with Friend Tech and other social-fi applications
Number 1 is identity — Number 2 is because
@chain_chat_app is a NEW FEATURE of
@zapper_fi ‘s ecosystem & existing business — not a stand-alone social-fi product
Zapper’s ecosystem checks all of my boxes — with the inclusion of Chainchat — for business staying power and upside risk/reward in web3. Let’s analyze 👇
◼️Product market fit that makes sense to be built on the blockchain ✔️
▪️your web3 homebase & portfolio (think Chase Bank Zelle Etrade portfolio views for the web3 user)
◼️Easy mobile UX/UI ✔️
▪️Zapper has an app! Check your portfolio on the go
◼️Secure ✔️
▪️I cannot champion their security based on my analysis, only can point to what others have said — whcih had been positive. The teams track record is clean
◼️Active users
▪️Zapper gets daily active users — I don’t know the numbers, but I’d guess their MAU is near 100K and DAU is near 5K
◼️Attract capital without immediate monetary incentive
▪️The product of chainchat inherently has monetary incentives of buying and selling, yes but — Zapper is not promising immediate, or any returns.
▪️However, it’s very appealing to not just use Chainchat for speculative return (future airdrop / status’s), but to use it as a part of the bigger Zapper ecosystem. They “hey, ya never know 🤷♂️” crypto enthusiast in us all knows what I’m talking about 🪂
⚡️ to summarize my reason #2 —
💥 Zapper’s Chainchat is a new product offering in an existing blockchain based business with my estimated 100K MAU in the ecosystem already.
💥 Chainchat can live without hockey stick growth alongside friend tech / new bitcoin city and other competitors where social-fi is their core offering
Stay curious, stay safe, and stay chattin’ my frens
Reason number 3 coming tomorrow… 👀