Critique on Helium’s $6.5K monthly revenue causes a stir

Critique on Helium’s $6.5K monthly revenue causes a stir

A recent critique from author and entrepreneur Liron Shapira on the Helium blockchain project has caused a strong debate over the long-term prospects of the company.

Founded in 2013, Helium is an Internet of Things (IoT)focused blockchain that is building a decentralized peer-to-peer wireless telecommunications network via its own machine networking tech.

In a Twitter thread from July 26, Shapira, a heavy critic of Web3, questioned the hundreds of millions of dollars worth of investment into Helium.

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He pointed to data suggesting that the project makes just $6,500 per month from its data usage revenue, and stated that the “complete lack of end-user demand for Helium should not have come as a surprise.” He also referenced recent posts from node hotspot operators in the Helium subreddit

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