May 29, 2024
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From Institutional to Crypto Native: How Blockworks Pivoted to Thrive in a Bear Market

Building a media business is challenging. Doing it in the volatile crypto industry is insane. One year, a publication can be thriving, generating high revenue with great margins, and the next, it can be burning millions and laying off staff. For Blockworks, stability and profitability have been the name of the game since its founding in 2018.

“We’ve been profitable since day one,” Jason Yanowitz, a co-founder of Blockworks, told A Media Operator. “If you annualize profitability, 2023 was the first year that we were not profitable, and then we’ll be profitable again this year.”

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