The reason I call this Web2.5 is because the Substacks and Patreons are open but not interoperable. There’s nothing stopping me from downloading my Substack subscribers and posts and manually moving to a new platform. The data is accessible but not interoperable, and that makes all the difference when it comes to building the internet of tomorrow.
Useful lists are curated. Often by a single individual in the case of a grocery list, and perhaps by a committee in the case of a top-colleges list. A top-colleges list which may be appended by anybody quickly becomes an all-colleges list and ceases to be useful, since any college president obviously would desire for their college to appear on such... See more
I recognize that many people in web3 see low take rates as a good thing. I do not. I am of the controversial opinion that businesses exist to make money and businesses that can simultaneously have high retention and high take rates are vastly superior.
Because the Embedded Lender splits the infrastructure costs across multiple brand partners and drives down unit costs with scale, the Embedded Lender can be profitable even when a brand could not be.
24/7 markets: Second, is the nature of crypto markets. Crypto never sleeps. Similar to how the internet trained millions of users to fast instant community, 2-day delivery, and simple UX, crypto will train users to expect 24/7 markets. The past decade has seen exchanges like Coinbase and Binance grow a user base that’s come to expect 24/7 global ma... See more