Tekelala

Takeaway: A game’s essence revolves around playing it. Create a game to be played, not to make a profit out of it.

A subtext to last week’s article, Tech’s Two Philosophies, was the idea that there is a difference between Aggregators and Platforms; this was the key section:It is no accident that Apple and Microsoft, the two “bicycle of the mind” companies, were founded only a year apart, and for decades had broadly similar business models: sure, Microsoft... See more

1. DAO (Decentralized Autonomous Organization)2. DeFi (Decentralized Finance)3. CeFi (Centralized Finance)4. NFT (Non-Fungible Token)5. Metaverse6. Guild7. CBDCs (Central Bank Digital Currency)8. dApp (Decentralized Application)

The platform modelThe platform model is somewhat of an anomaly in this list since it is essentially a scale play. However, it is likely to be an enduring model since:1/ it is underpinned by strong network effects in a way that the universal banking model isn’t;2/ it is often executed as part of an unscaled holding company strategy (see later);... See more

The core tenet of any web3 project is a token. Operating as the centerpiece of the ecosystem, tokens are the new form of equity. Tokens typically carry governance rights, and allow community members to participate in a product, service or protocol as a co-owner and key decision maker of a shared treasury.S ince 2013, founders have had to think

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Community is key and you have to create real long-lasting value. Creating trust to stand out in a crowded market.