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On March 18th, another blockchain mainnet went live. It’s called Tempo, backed by Stripe and Paradigm. Stripe is one of the world’s largest online payment companies, handling $1.9 trillion in transactions last year; Paradigm is one of the largest venture capital firms in the crypto industry. The two joined forces last year to invest $500 million in Tempo, valuing the project at: $5 billion. A $5 billion blockchain, not for trading tokens, not for DeFi, not for launching memes. On the day of its mainnet launch, Tempo’s most high-profile product was: Enabling machines to pay machines. This might sound abstract. You can think of it as AI now incurring costs for every step. Making an API call costs money, buying computing power costs money, pulling a batch of data from…# Analysis# crypto# defi# ethereum# Exchange# Market# Token# Tool# web3Pre
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