State of the dApps

I tweeted this last night:

The reality is that the state of the dApps, as of June 2018, is still super early days.

Just check out these stats from DappRadar:

The technology underlying dApps (i.e. the entire web3 ecosystem) is just as revolutionary and powerful as David Winer's RSS was for podcasts. A key difference is that the former has attracted billions of dollars in (speculative) investment to push development into warp speed.

So whereas podcasts had to fight an over decade long battle before they became a part of mainstream behavior when they were thrust into the world's conscience by the stratospheric success of 'Serial', dApps should, at least in theory, hit an inflection point much, much sooner.

In 2017, podcasts in the US raked in around $314 Mil or about 86% more than they did in 2016, and are expected to continue growing *all around the world*.

Despite podcasts and the revenue they are generating representing a fraction of the $17.6 Bil that commercial radio raked in over the same period, they are an unstoppable force whose creative and experimental potential is only just beginning to be realized.

For me the semi-centralized dApp Cent is like Adam Curry's podcast in 2004. It's so different from what came before it, but it's familiar enough to not to be alienating, and it can only work on top of this brand new technology. It's a POC for dApps in general, and is something that could become something much bigger.

dApps are still early days. To know that and still see their potential though could make all the difference in a year or so...🚀