For TikTok to succeed over the long term, it has to retain D’Amelio and its other top creators even as their success continuously brings them new opportunities. (Facebook is already coming for them.) For Snap to succeed, it only has to regularly convince average people to play the lottery in between messaging their friends. This bears close watchin... See more
Huge successful companies have already been built using community, finance, and data as competitive advantages. I am hopeful that we will see many more because Web 3.0 rails enable builders to build the same features with less capital.
The most powerful layers of distribution, payment and production remain entangled in oligopolistic platforms where the platform’s owners – not the creators fueling those systems profit the most.
do. The real opportunity for Snap here isn’t that it incubates the next Charli D’Amelio in Spotlight — it’s that thousands of creators make real money on the platform, either once or a large handful of times, and we never learn their names at all. That would be something truly new in social networks — intermittent financial rewards just for using t... See more
Non-fungible token (NFT) is a term used to describe a unique digital asset whose ownership is tracked on a blockchain, such as Ethereum. Assets that can be represented as NFTs range from digital goods, such as items that exist within virtual worlds, to claims on physical assets such as clothing items or real estate.
In a way, UI/UX preference acts as a filtering function for admission to a world or universe, a badge of citizenship. For many millennials who grew into adulthood with Facebook, the feed and its extended family of apps now feel like a cluttered junkyard (so the FB ecosystem needs a refresh). The frenzied logic of Snapchat keeps Gen Z engaged and th... See more