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The second way NFTs change creator economics is by enabling granular price tiering. In ad-based models, revenue is generated more or less uniformly regardless of the fan’s enthusiasm level. As with Substack, NFTs allow the creator to “cream skim” the most passionate users by offering them special items which cost more. But NFTs go farther than non-... See more

This is why for the past eight years or so I've been maintaining a single document where I keep all my hunches: ideas for articles, speeches, software features, startups, ways of framing a chapter I know I'm going to write, even whole books. I now keep it as a Google document so I can update it from wherever I happen to be. There's no organizing pr... See more

Which then begs the question, what's the future of feed? And in a world where more of the friend content has gone from feed into stories and DMs, I think that feed is going to become more public in nature. We want to steer it, to the degree we can, towards creators and individuals, and less towards publishers and institutions.

One of Donnely’s comments, paraphrased, was that to insiders it looks like fatigue but really, if you take all the top newsletters, it’s still a tiny tiny fraction of potential readers, we are nowhere near mass market or late adopters, there’s still plenty of room to grow beyond early adopters and the slice of them who today feel there are too many... See more

We still have a long way to go when it comes to scaling, infrastructure, and user experiences. But, I’m certain that we’re reached a point where narratives and stories will allow us to scale.

Crypto is public, global and gamified by default, and commerce, identity and ownership are all built in from the get go. (How fun is that!) So we wonder, just like how the cloud enabled new types of digital experiences, or how smartphones enabled new types of location-based experiences, could crypto be a platform that enables new types of social ex... See more

The second potential conversion strategy is the creation of a federation. In this scenario, a company could reorient itself toward the community by distributing decision-making powers to moderators and users of the platform. In order to seamlessly do this, the startup would need to first convert to a benefit corporation. The third option involves t... See more