@trylolli is arguably in the best position to take advantage in a post coronavirus world amid a looming cloud of an economic downturn.
here's why π
Lolliβs mission is to make bitcoin more accessible to all, by simplifying the way people earn, share & save bitcoin.
It does this by way of a browser extension that allows users to earn a percentage of bitcoin back when they buy online products from select brands.
By removing the process of logging onto an exchange and aligning their business model with something everyone is familiar with (ecommerce), Lolli has effectively lowered the barrier to entry.
Users benefit through bitcoin exposure w/o changing any previous shopping habits.
Not surprisingly, while the world is in quarantine, there was a sharp increase in online sales and an influx of new customers.
In the Q1 2020, consumers spent $146.47 billion online with US retailers, up 14.5% from $127.89 billion for the previous year.
Lolli separates itself from its competitors by offering a novel rewards system.
@Rakuten, @Honey, @IbottaApp & more all handle their business in terms of fiat. Once a purchase is made you get a set amount of dollars back. That's it.
In 2020, brick&mortar sales are projected to fall more than 14% to $4.184T.
As a result, small biz is turning to online sales to stay afloat. Per Shopify, merchant growth in Q2 was 56%. It very well may become favorable to partner with Lolli to establish an online presence.
Lolli is a financial services company that has built a brand around fun, lightheartedness and the importance of sound money.
They separate themselves from the exchanges of the world for they only make money when you purchase something that you want.
The company launched in August of 2018 with over 500 brand partnerships.
Since then co-founders @alexadelman & @MattSenter have seen the company more than doubled in team size, brand partnerships and a rocking social media presence.
Comparable reward programs Honey & Ebates have both been acquired for $4 and $1 billion respectfully.
In 2019, They saw over $200 million in revenue. If Lolli were to continue doubling partnerships and capture 10% of the budding market, it will surpass $20 million in revenue.
Keep in mind that this is just through its browser extension.
The team has floated around channels such as a mobile application. Which 35% of US consumers only use to buy online. Therefore, expanding to mobile to capture a piece of this market could prove rewarding.
As a financial services company, Lolli has the capabilities to upsell a suite of financial products to its existing userbase.
ex) the company could partner with a lending provider such as @TheRealBlockFi to offer users a % boost on interest payouts or discounts on loans.
Perhaps an agreement with BlockFi could see users receive trading fees discounts to promote their nascent exchange.
As a third-party provider, Lolli can process bitcoin payments at a higher scale due to being off chain. Therefore it is not limited by technical challenges
Despite the intention to run Lolli for 30+ years, a biz that is responsible for onboarding millions of people to the hardest money on earth might garner some interest.
Decentralized AI offers a radical departure from centralized models that dominate todayβs landscape.
The opportunity set is growing at a breakneck pace: below is a directory that includes 175+ teams working in the space at different layers in the stack.
The intersection of AI and crypto introduces a new approach to handling data, training models, and applying inference in ways that enhance both cryptographic networks and AI's capabilities.
However, a central question persists β how can AI achieve a level of decentralization akin to Bitcoin, free from control by any individual, entity, or nation-state? Addressing this question involves answering:
> Who can build these models?
> Who has the data?
> Who has the resources?
> Who is creating products on top of these models?
Investment opportunities in AI x Crypto cover a wide surface area, reflecting the diverse ways these technologies intersect. By stratifying the AI tech stackβ data, training, and inference layersβinto the Volt Categorization Framework, we can see how AI technologies fit within the broader crypto ecosystem.
Some quick thoughts on r/r of social protocols and why its hard to build social consensus...
a π§΅
Upside is a challenger social network emerges built on web3 rails that not only captures the current crypto userbase but onboards others onto the platform.
Despite powerful web2 network effects youd hope more users will be "data right" focused vs. being the product itself.
While the downside is you build another Gab that fails at the UX level with inefficient moderation leaving the platform overwhelmed with spam.
So a balance must be struck between working through real time spam control early on while not stifling the user base.
Our economy and the medium of exchange we use for trade, has been co-evolving ever since humans first started trading with each other.
As we move towards a more fluid system of payments here are a few key trends that will further shape the evolution of money.
Digitalization:
The world is becoming increasingly digital every day, as businesses continue to improve their processes by digitizing them and consumers continue to increase their demand for digital services.
Native Digital Money:
As we digitize our business processes it is imperative to have programmable money.
Bitcoin is the clear leader but I want to make note of the wild west & purely digital incentive structure built around DeFi that is creating new forms of cooperation.