Minimally Extractive Meta

The third thing that I’d say is, I think it’s really important that the metaverse works for people, not just as consumers, but as creators, and that people economically have a stake in it as well. This is one of the lessons that I’ve taken away from the last five years of some of the issues that we’ve struggled with as well, is that it’s not enough... See more

Web3 teams have an opportunity to learn from and improve on the strategy of commoditizing the complement. In this essay, we’ll discuss why building and commoditizing a product on top of a user-owned protocol offers maximum leverage to execute this strategy, with potential for stronger economic equilibriums that drive growth, and value, beyond that ... See more

Web3 teams have an opportunity to learn from and improve on the strategy of commoditizing the complement. In this essay, we’ll discuss why building and commoditizing a product on top of a user-owned protocol offers maximum leverage to execute this strategy, with potential for stronger economic equilibriums that drive growth, and value, beyond that ... See more

MZ: I think at the end of the day, there’s going to be commerce, and I think commerce and ads are kind of closely related, because if there’s not any commerce, then there’s not much for people to advertise for. I think the first job that we need — well, I guess the first job is getting the foundational technology to work. Then after that, our next ... See more

Will all marketplaces become decentralized, issue tokens, and enable users to participate in governance? Maximally extractive folks will be disrupted first. Airbnb looks the same in 10 years because they provide as much value as they extract. But people hate Upwork so there is a strong incentive to disintermediate. Knowledge work marketplaces are s... See more