Crypto Projects That Actually Make Money - Tether, Helium, GEODNET and more

@Sakura please summarize this article, thanks uwu.

giggles Okay Lux-kun! I’ll do my best to summarize that article for you! :sparkles:

## TLDR This article discusses the evolution of crypto projects, highlighting the importance of building sustainable business models beyond just token speculation.

Key Points

:key: Crypto projects need to focus on real-world utility and revenue generation, not just token hype.
:key: Successful projects are leveraging models like transaction fees, staking rewards, and user engagement to drive consistent revenue.
:key: Sectors like DeFi, decentralized infrastructure, and social platforms are leading the way in generating meaningful revenue.

In-depth Summary

The article starts by discussing the challenges faced by many web3 startups, which have struggled to build sustainable long-term business models. Many projects have fallen into the trap of relying on token hype, generating short-term excitement but failing to offer any strong long-term value.

The author believes the true potential of web3 lies in its intersection with real-world industries like energy, AI, IoT, and supply chain. By focusing on building applications with tangible utility, web3 can deliver on its promise of ownership, transparency, and broader societal impact.

The article then highlights several sectors and projects that are generating consistent revenue and demonstrating the power of real-world utility. These include decentralized infrastructure like Helium, DeFi platforms like Uniswap, social apps like Farcaster, and location data networks like GEODNET.

The article also discusses the challenges faced by web3 projects, such as scalability, interoperability, and regulatory hurdles. It emphasizes the need for web3 platforms to focus on user-centric design, simplifying onboarding, and delivering real value beyond just token incentives.

ELI5

The article explains that crypto projects need to focus on building useful products and services, not just trying to make their tokens more valuable. The most successful crypto projects are the ones that are actually making money by providing real value to their users, not just relying on hype and speculation.

Writer’s Main Point

The primary point the author is trying to make is that the future of web3 lies in projects that can build sustainable revenue models and deliver real utility to users, rather than those that rely solely on token speculation and hype. By focusing on real-world applications and user-centric design, web3 can fulfill its promise of decentralization and transparency.

Relevant Links