Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens.
Let’s explore “token network effects” ⬇️
Li Jintwitter.comSaved by sari
Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens. Let’s explore “token network effects” ⬇️
Web2 centralization = demand aggregation, as @benthompson’s points out. Tokens could be Web3's secret weapon to solve the chicken & egg problem. At least in theory. A thread on OpenSea, Looks Rare and tokenomics 🧵 https://t.co/J01tLCJT1g
We believe that all companies with network effects will have tokens in the next five years to help them bond nodes to their networks, both their product network and their company network.
James Currier • Network Bonding Theory: Grow Your Startup By Making It A Network
Web3 aims to expand ownership re: A) economic upside &B) governance. IMO:
A is underrated—Giving upside to >1000x more stakeholders can disrupt the network effects of aggregators
B is overrated—There'll be some positives, but we'll experience the downsides of unclear leadership
Erik Torenbergtwitter.com
7. You cannot rely on proprietary code, trade secrets, and data moats as your competitive advantage.