Generating revenue while building infrastructure is a different kind of milestone. @turtledotxyz and Lunar Strategy generated $1.04M in Q3 revenue, cash in, net of intercompany. What makes this interesting is where that revenue came from. Services and distribution were already generating business while Turtle continued building out its infrastructure. Hare launched with GSR with 100M committed over several years. Creator Wire shipped in late August, and Streams became self serve during the same period. This shows an interesting path for infrastructure projects. You do not necessarily have to wait until every part of the network is finished before delivering value to customers. Turtle is building the liquidity distribution layer while developing the tools and services that bring protocols, distributors and liquidity providers together. For me, the important part of this Q3 update is not just crossing seven figures. It is showing that the business can generate revenue while the infrastructure is still expanding.
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