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Blockworks logo

Blockworks, a financial media brand catered to investors, anticipates bringing in $8-10 million in revenue this year, while being profitable, executives tell Axios.

Why it matters: It's the latest crypto media company to see success amid Wall Street's digital currency boom.

  • “For the first time ever, crypto has become relevant to the global macro-economic conversation, and therefore, the investment conversation," says Jason Yanowitz, co-founder of Blockworks.

Details: Founded in 2018, Blockworks says it plans to double in staff from 17 to nearly 40 by the end of the year, with the majority of new hires coming from the content side of its business.

  • The NYC-based firm is most well-known for its editorial site, daily newsletter, conference series, and its network of nearly 20 podcasts.
  • On its website, Blockworks lists two dozen strategic advertising partners, including Fidelity Digital Assets, CME Group, Coinbase, Gemini, and BlockFi.
  • The company is run by co-fonuders Jason Yanowitz, who runs sales, marketing and growth and Michael Ippolito, who manages editorial and finance.

The big picture: For crypto media companies, the risk of specializing in something so niche is beginning to pay off.

  • “Our core belief is that crypto is an entirely new asset class, and it's going to continue to grow," Yanowitz says. As it grows, it'll start to look more and more like traditional finance."
  • "Investors will need a publication that supports that transition, and arms them with the information they need.  To do so, we’re continuing to invest heavily in content, building products that serve our audience of investors.”

Go deeper

Aug 10, 2021 - Economy & Business

Investment in digital media slows, years after venture-backed boom

Expand chart
Data: Pitchbook; Table: Axios Visuals

Media upstarts are attracting far less cash compared to the venture-backed media boom of 2014 and 2015, according to new data from Pitchbook.

Why it matters: Investors are no longer willing to shell out hundreds of millions of dollars on new digital media sites, given how long it's taken for some of those investments to materialize and drive major returns.

One-on-one with MoneyGram CEO Alex Holmes

Alex Holmes; Photo: MoneyGram

The pandemic’s acceleration of all things digital could not be more clear to MoneyGram CEO Alex Holmes.

Driving the news: Holmes oversees a global money transfer business that operates in 200 countries. The company's digital transactions skyrocketed 44% year over year in Q2 2021, on top of what it described as "astounding" 106% digital transaction growth in Q2 2020.

Bryan Walsh, author of Future
19 mins ago - Health

Public health messaging lessons for the next pandemic

Illustration: Megan Robinson/Axios

"Be first, be right, be credible" is the mantra of public health experts in a crisis. It's difficult to argue that the health community has regularly managed to be any of those three during COVID-19.

Why it matters: A pandemic isn't just a medical emergency — it's also a communications emergency. The U.S. public health establishment, hamstrung by bad data and political interference, has struggled with the latter.