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Much like how DeFi protocols can’t just rely on inflationary tokenomics and yield to sustain their product, games that are first and foremost fun to play without being crypto-first are strong contenders in this space because they can stand alone as a product. But these games will have some lag time before we see more of them come to market because... See more

Focus until it hurts. Simply avoiding opportunities you aren’t interested in anyway is not a sign of focus. True focus involves sacrifice. That means turning away from opportunities you believe could be highly impactful, for the sake of something bigger. Succeeding in doing so is a superpower. 

Richard Chen: Rarible launched a token for the sake of launching a token and didn’t think deeply about token economics. As a result they heavily incentivized wash trading from people farming the token, and for a few months last summer Rarible was doing more volume than OpenSea. But once the inorganic demand dried up then it became super clear that... 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

The gaming ecosystem is extremely tight-knit, and companies need to have a strong understanding of and connection to publishers, distributors, and organizers in order to maximize opportunities in the space.

The evolution of human communication has been about removing whatever bottleneck is in this value chain. Before humans could write, information could only be conveyed orally; that meant that the creation, vocalization, delivery, and consumption of an idea were all one-and-the-same. Writing, though, unbundled consumption, increasing the number of... See more

Because Discord is a chat, not a feed, it’s also free of the algorithms that creators so often bemoan. If influencers want to announce that they have a new video out, or promote a merch sale, they can post a message to everyone in the #announcements channel of their Discord server instead of posting about it on Instagram and hoping the post gets... See more

But perhaps Jones’ most difficult challenge will be maintaining that scrupulously selective admittance policy when institutional and retail investors — many of whom would presumably never qualify for a Soho House membership of their own — begin clamoring for price gains... It’s pretty easy for the director of membership to tell Nick, ‘There’s... See more