sari

In a give-to-get model, you have to create to be able to consume. Why is this good? The canonical 90/9/1 rule of big social says 90% of users lurk, 9% contribute a little, and 1% a lot. Give-to-get means every active user contributes. It’s a mechanic that encourages presence and participation—something core to ritual apps... BeReal makes you post... See more

This week, I want to dive deeper into the economics of Axie. This is important because 1) Axie is probably the most important on-ramp to crypto in the world right now, and 2) because as more workers find work in the metaverse, we often overlook how complex these economies are. Digital economies may be disguised within games—in Axie’s case, within a... See more

This is a coordination problem. Reasonable people understand that if they join the fray alone, they'll most likely be drowned out by the yelling, or worse they'll get dragged deeper into it. As a result, they choose stay out of it.

Similarly, web3 spent its first decade or so as a playground for researchers, coders, and degens. People bought drugs with crypto, too. Last year, corporates started dipping their toes by buying Bitcoin with their balance sheets. Over the past month or so, though, it really feels as if web2 companies are waking up to the fact that they need to... See more

New technologies and business models have made investing accessible. Anyone with a smartphone, for instance, can use Robinhood. Robinhood also popularized zero-fee trading, which forced the hands of brokerages like E*Trade and Charles Schwab. Commission-free trading is now the norm.

Similarly, I think people need to ask themselves – and it might be easier if we ask each other – What do you really want to be doing? How did you fall in love in the first place? People start optimizing for things like “hm, if I did this I would get 5% more traffic” or “I would get to the next follower milestone” I think because it’s visible, and... See more

Now: Build the distribution, then build the product