One thing I find interesting about Turtle's Q3 report is that the team wasn't just building infrastructure. They were already generating revenue along the way. Turtle and Lunar Strategy brought in $1.04M in Q3 revenue, on a cash in basis and net of intercompany. That revenue came from services and distribution while the product ecosystem was taking shape. A few things happened during the quarter: • Hare launched with GSR, with 100M committed over several years. • Creator Wire shipped in late August. • Streams became self serve. I think this is an important part of Turtle's progress. Building infrastructure takes time, but having services that generate revenue during that process gives the business something tangible to show for its work. And it's not just about the revenue figure. It's about building the tools, putting them to use, and getting other businesses involved. Interesting progress from @turtledotxyz.
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