- There is a lack of understanding why retention is the priority. Without understanding this, people end up working on the wrong things and missing the biggest opportunities.
"The phase we're seeing emerge now with Web3 and crypto is deeply fascinating, with potential to shift power and ownership into the hands of users and creators."
If you decide to make community a focus, make sure you co-create with your users and listen to their needs so you avoid building a stale, boring or (at worst) damaging community.
3. Retention builds an acquisition competitive edge: - As you increase retention, monetization, and LTV, you can pay more to acquire a customer. In doing so, you can push competitors out of acquisition channels, open up new channels that were previously too expensive, and grow faster.
You should hang around people who have larger measurements of units/time. Example: Stock Brokers refer to "sticks" as 1 million dollars. what this does is quickly assess if this job/task is worth your time. These types of people will only participate in units that meet with their requirements.
Matt and his band are on the cutting edge of innovation around web3’s artist—fan relationship. A legend in his own right and a very early adopter to web3 and NFTs, Matt’s crossover expertise in music and blockchain runs deep.