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Investing in Charms

Investing in Charms' Pre-Seed Round

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How Hashflow used Project Galaxy to turbo-charge to $600M of trading volume

Growth in Web3 is a challenge; Web3 has no app stores, no targeted Facebook ads, no email marketing, no re-marketing, no affiliate marketing...yeah, you get it. The tools relied upon by Silicon Valley growth marketers over the past decade have largely evaporated in our industry, and we've been left with only a couple arrows in the quiver. Beyond meme contests and an active Twitter account, Web3 teams have relied mainly on token incentives for early adopters. Using tokens as an incentive, while successful in some instances, is more recently being called into question as it has trained parasitic behavior as users rush into projects with liquidity to earn tokens only to dump them and when the incentives dry up, say goodbye to those users.

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The Web3 Growth Playbook

Interest in Web3 has exploded over the past twelve months. NBA superstars are paying six-figures for NFT's and proudly displaying them. OpenSea is doing more volume than Etsy. The fastest growing game in the world runs on Ethereum. While this surge in interest has driven new users into the space, usage of crypto products still dwarfs that of their predecessors.

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