sari

as DAOs scale (# of members), their voter participation (# of voters as a % of members) falls. On-chain voter participation starts out around 50% for the smallest DAOs and falls to around 5% for the largest DAOs.

Coupled with this stemming of developer space for innovation, the place for startups to “ship” things and users to find new things — the app store — has atrophied. Maybe we have reached a natural apex for innovation on the UX of this device, or maybe discovery was badly implemented. Regardless, as the chart below illustrates, getting

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It breaks down outdated power structures.

Don’t wait until you have all the answers before you start building your community.

Right, it’s similar in fashion. Poshmark and RealReal basically have fashion-specific search granularity that makes them a better shopping experience than buying clothes on Mercari or eBay.

This has been a boon to smaller advertisers. Whereas a national television campaign would require a 6-figure commitment today’s starter budgets on most platforms are in the 10s and 100s rather than 1,000s of dollars.

The takeaway here is that NFTs open up an entirely new design space for monetization that we’ve still barely explored.