added by Jason Badeaux · updated 2y ago
Web3 playbook: How token incentives can bootstrap networks
- Web 3 introduces a powerful new tool for bootstrapping networks: token incentives.The basic idea is: early on during the bootstrapping phase when network effects haven’t kicked in, provide users with financial utility via token rewards to make up for the lack of native utility.
from Web3 playbook: How token incentives can bootstrap networks by Chris Dixon
Jason Badeaux added 2y ago
- I’ve worked in Web 3 and crypto since 2013 and have never worked with a project that spent meaningful money on sales and marketing. You don’t need to spend money on marketing when users are genuine owners, love what they do, and love telling other people about it.
from Web3 playbook: How token incentives can bootstrap networks by Chris Dixon
Jason Badeaux added 2y ago