added by sari and · updated 1y ago
Fat Protocols | Union Square Ventures
- “The market cap of the protocol always grows faster than the combined value of the applications built on top, since the success of the application layer drives further speculation at the protocol layer. And again, increasing value at the protocol layer attracts and incentivises competition at the application layer.”
from (Amazon) Prime time in web3 by Joey DeBruin
Alex Wittenberg added
- Presently, the dominant blockchain/Web 3.0 application is decentralized finance, but I think it’s easier to see the value of where things are heading, and to allay worries about hype cycles, pyramid schemes and speculative bubbles, if we look past the purely financial stuff. Once you start to dig into some of the applications that venture capitalis... See more
from Is Crypto Bullshit? by Will Wilkinson
sari added