Over time we’re going to see that NFTs are less about speculation than quests for belonging. Just as social networks are about quests for belonging. And great brands are about quests for belonging.
Application layer outputs evolve but underlying motivations are wildly simple.
Apple’s functional organization is rare, if not unique, among very large companies. It flies in the face of prevailing management theory that companies should be reorganized into divisions and business units as they become large.
Lesson #1: Earn the right to build the next thingCommit to following through on what you’ve already planned or launched before you chase the next creative, experimental, or shiny idea. “Earn the right to build” and “have respect for sequencing” are principles I’ve internalized.
Amazon’s logistics playbook involves two mutually reinforcing flywheels: an asset infrastructure flywheel (Increase asset base and offer as-a-service) and a data-driven predictions flywheel (Gather data and improve predictions).
The web3 interface will need to add order to the beautiful chaos of decentralization, and give obvious and meaningful utility to digital assets. It will need to break the false dichotomy between easy, consumer-friendly on-ramps and a powerful crypto-native experience.
The thing is, once it's clear what to do, the technical parts may be challenging, but they're pretty much achievable. What's really complicated is everything that happens before that. Before there's a working piece of software, a bunch of people need to communicate through different languages, since there are only humans in between the customer and... See more
NFTs are a shareable display of our social capital. First, kids buy Fortnite skins online, then moms buy Bored Apes on-chain. Both actions are one in the same. As owners, they allow us to signal wealth, intelligence, and belonging.