In the language of Ben Thompson, Substack has two choices. It can become a full fledged aggregator, build network effects and community, personalized content and so forth, but risk the moral purity of being one of the last ad-free algorithm-free corners of the internet, or it can become a platform, provide valuable infrastructure and flexible... See more
R: I think in a very wide sense, web2 was mechanically very single player. Particularly in social and the way we think about online production. Web3 has put people in a very cooperative - multiplayer mindset. Even if it’s primarily language-based. DAO’s, NFT Collections, DeFi Pools, etc… that all takes far more than 1 to make it a reality. That’s... See more
Eventually, they may even gain leverage in this value chain and squeeze universities and other organizations out of it. Let’s remember these brands can go global to an extent no educational institution can.