The App Store Model Comes to Web3 by @ttunguz

Historically, web3 companies have paid developers fees from their treasuries or dedicated ecosystem funds to build applications atop chains. While this technique may achieve the same results initially, developers may not stick around after the check hits the bank (or the tokens appear in their wallet). The EVMOS model better aligns current and futu... See more

Web3 finds itself at a moment where the innovations in infrastructure have outpaced those in applications. To attract the next billion users to web3, the great pendulum of technology progress must swing towards applications. The EVMOS app store model might be the insight to compel tens of thousands more developers to swallow the web3 red pill. ... See more

The EVMOS token model innovates on its predecessors by introducing the App Store dynamics to web3. In Apple’s app store, users pay Apple to access apps and developers receive a revenue share. This doesn’t happen today in web3. Except on EVMOS.

When users pay gas fees (transaction fees) to use EVMOS, 50% accrue to developers building applications. The other 50% rewards validators. Governance token holders may vote to change the 50/50 split in the future.