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The Third-Party API Economy
One of the most common refrains that API-first businesses hear is, “Oh Company X will just build that in-house,” and yet, they almost never do. It’s not for lack of resources. Facebook generated more profit in 2019 ($57 billion) than Twilio’s entire market cap ($51 billion). It’s that once they’re integrated into a customer’s product, API-first com... See more
Packy McCormick • APIs All the Way Down
In the Web2 era, platforms like Twitter and Facebook ran powerful but temporary versions of the “commoditize the complement” strategy early in their growth phase. By giving away their products and APIs for free, the platforms were able to attract invaluable social graphs and user data, which in turn helped attract an ecosystem of third-party develo... See more
Jesse Walden • Product vs. Protocol: Finding a Balance in Web3 – Variant
In conclusion, in drawing parallels between the user journey of MMOs and the gamified experiences of Web3, we see business model opportunities emerge, both in platforms currently being launched, as well as opportunities that could emerge. As UI/UX continues to dramatically improve in Web3, an area that has historically lagged in development, we can... See more
Chia Jeng Yang • Bringing MMO dynamics to Web3 business models
- API-driven architecture is maturing as a paradigm and enabling more communication between applications across value chains.
Bessemer Venture Partners • Roadmap: B2B Marketplaces
