- Valuation Model
- Expert Interviews
- Founders, funding
Does QuickNode prioritize Web2 or Web3 use cases or are they focused on both equally for growth, and how do the use cases differ?
Auston Bunsen
Co-founder at QuickNode
From our standpoint, anyone that needs the data to relay transactions is our customer. That can literally be Adobe or Samsung. It could also be a Web3 company like Chainalysis. When we think about all of our customers, the biggest are not super-concentrated. We see all sorts in our top 100 customers—from indie devs you've never heard of that are just crushing it with their smart contract that does X, Y or Z to major Web2 companies, major Web3 companies, and companies transitioning from Web2 to Web3—and so there's no clear pattern.
In terms of use cases, it's so different from customer to customer. If we look at a social network, and pretend for a moment that Facebook was our customer, I'm not saying they are; I'm not saying they aren't, but they would be essentially only fetching NFT data, presumably from a high-level API.
Now, compare that with doing analytics, which is a Web3 native company, and they're going to be doing very hardcore, “What was this method call? Let's trace the transaction through every single op code that happened in the transaction. What were the internal transactions? What block was it at? When did that block happen? What was the time? What was the date? What chain was it on?” They're doing very, very sophisticated analysis and so yes, the use cases are very different.