Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens.
Let’s explore “token network effects” ⬇️
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Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens. Let’s explore “token network effects” ⬇️
There has been lots of talk about the current battle between “old” media platforms like The New York Times and upstart newsletters on Substack, and I believe tokenization could emerge as a key differentiator for forward-thinking media companies. Especially for new companies and products, allowing early subscribers to benefit from future upside can ... See more
Joey DeBruin • Why the New York Times Should be Tokenized
In other words, tokenization enables collectivization. It enables community. If you assume Web3 is the future, then you have to assume that Web3 is the future of investing. And in Web3, multiplayer investing is the default.
David Phelps • Collectivizing Finance
Web3 platforms also have the potential to unlock a novel and especially powerful form of network effect through community engagement and social cohesion.
Scott Kominers • Why Build in Web3
In this movement, retail should be king. Tokens are the lifeblood of networks, and individuals are uniquely positioned to participate (in contrast to institutions, who are still dealing with the complexities of key management and regulatory regimes that don’t yet have a place for the currency of networks). The only thing that can get in the way of ... See more
Richard Kim • Spirited Reflections on a Spiraling Path
Twitter: network effects and code product differentiation creates lasting defensibility.