Blockworks Reports Record Growth and Success in 2024
Dear Blockworks Community,
Since our launch in December 2017, we aim to provide the best source of crypto insights for investors and professionals. We believe that crypto enhances access to assets, increases transparency, and reduces financial friction.
Market cycles are extreme, but overall, value continues to migrate onchain annually. This trend is expected to persist, leading to significant growth in the number of investors, founders, developers, and professionals in the crypto space. These participants will require reliable information for investment decisions, business development, and protocol scaling, driving demand for crypto data and research.
Blockworks was established to meet this need, and as the industry evolved, so did we.
Our Business Model
We provide essential news and insights through our media channels. Our events connect industry leaders, while our data and research support informed investment decisions. Our advisory services assist protocols in building robust businesses. Revenue comes from advertising, event tickets, advisory services, and access to proprietary research.
Execution is crucial; adapting to social media and AI challenges is essential. Many competitors have exited the market due to these pressures. We maintain profitability by owning our distribution channels, avoiding reliance on venture capital.
Default Alive
During our early days, an entrepreneur advised us that survival is key in the volatile crypto industry. This principle guides our strategy at Blockworks.
Unlike competitors chasing rapid growth, we prioritize sustainable operations, positioning ourselves well for 2024 with strong execution.
Key achievements include:
- Advertising and Sponsorships: Record highs in both annual and quarterly metrics; Q4 2024 marked our best quarter.
- ARR: Achieved all-time high ARR with over 100 enterprises and institutions using the Blockworks Research platform.
- House of Brands: Developed five niche brands, each with dedicated podcasts, newsletters, and communities.
- Podcasts: Released 672 episodes, achieving over 15 million listens across platforms, establishing one of the top three financial podcast networks globally.
- Newsletters: Grew newsletter subscriptions to nearly 200,000 as page view values decreased.
- Reporting: Published 2,230 stories reaching a global audience, maintaining independence after acquiring two media publications.
- Events: Hosted leading conferences, including Permissionless and DAS London.
- Research: Released 159 reports, becoming a leading analyst team in crypto.
- Data: Enhanced our data platform covering user metrics and financials for over 30 top protocols.
- Advisory: Launched Blockworks Advisory to assist protocols in achieving success.
- Acquisitions: Integrated The Drop and The Breakdown into our brand portfolio.
Competitive Advantage
Our data platform benefits from our media reach, while our reporting leverages proprietary data. This synergy positions us ahead of competitors, offering unmatched depth in onchain and financial data alongside strong distribution capabilities.
Looking Ahead to 2025
In 2025, we plan to:
- Establish ourselves as the primary data and research platform in crypto.
- Expand our House of Brands strategy, enhancing existing properties and adding new ones.
- Attract talent in podcasting, writing, and research while investing in journalism.
- Host premier conferences: DAS New York, DAS London, and Permissionless.
- Integrate media and events more closely with our research and data.
- Support more protocols through our advisory services.
Continuous Growth
Building Blockworks has focused on consistent decision-making for sustainable growth rather than major milestones. This approach has allowed us to navigate challenges such as Covid and bear markets effectively.
Acknowledgments
We appreciate the support from our customers, employees, readers, and listeners. As we approach 2025, we remain optimistic about the future of crypto and our role within it.
Jason and Mike