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- The real story is that NFTs are a key building block for a new wave of web3 services that radically alter the economics of the Internet, redistributing value and control from tech giants back to users, developers, and small firms.
from Chris Dixon and Packy McCormick on the Future of Crypto by economist.com
- The most important lesson I’ve learned for developing new products: You don’t have to be the first person to come up with a product idea. In fact, that will rarely be the case. But you can almost always make an existing idea better. And that’s when you get the big wins.
from Tweet by Jeff Morris Jr.
- While allowing advertising to dictate the buy box was immensely effective at increasing their take rate (anyone who believes this is actually advertising is confused — Amazon is just increasing their take rate and calling this dynamic advertising), this may end up being a very profitable short term decision that creates significant long term pain. ... See more
from Why category leading brick and mortar retailers are likely the biggest long term Covid… by Gavin Baker
- Social capital, on the other hand, is harder to define and relies on the creation of a “successful status game.”
from Status Monkeys - By Packy McCormick - Not Boring by Packy McCormick by Packy McCormick
- Creators from Audio Collective say they view themselves as part of a larger shift toward independent work, following in the footsteps of Instagram influencers, YouTubers, TikTok stars and Twitch streamers.
from The Era of Audio Creators Has Arrived - The New York Times by Taylor Lorenz
- company needs to be able to articulate exactly what it does, whom it serves, and against whom it competes. Why? Because all employees should be made to feel like salespeople or ambassadors for the firm, and they cannot do this without a fundamental understanding of an organization’s business. More important, without this understanding, employees ca... See more
from The Four Obsessions of an Extraordinary Executive: A Leadership Fable by Patrick Lencioni
At VidSummit today, @MrBeast told @ColinandSamir that his six-person thumbnail team makes around 20 different versions per video. They plan what the thumbnail will be BEFORE they film the video. He also sends versions to close friends to measure which one to use #VidSummit2022- At the same time that investing became more accessible, crypto went mainstream. About 20 million Americans—14% of the population—own crypto, with 100K “Bitcoin millionaires” out there. Many Americans (and especially many young Americans) learned to think like an investor through crypto.
from Everyone Is An Investor by Rex Woodbury
Social media forms are performative solo forms with an odd conflation of friendship and marketing; the body is alone in a room performing the self, with an undercurrent of desire for applause. Without a town square to gather in and hash out the day with neighbors, social media communications have a shading of loneliness underneath.
from The Choreography of Everyday Life: A Leaping Antidote to Our Modern Loneliness by Maria Popova