1/ Consider this when trying to call tops on tech cycles:
> Web2 was much different than Web1. Software as a service (SaaS) lowered costs for startups to scale by shifting capex to opex
> Web2 also benefited from massive infra rollout & smartphones (big for social & e-commerce)
> Web2 was much different than Web1. Software as a service (SaaS) lowered costs for startups to scale by shifting capex to opex
> Web2 also benefited from massive infra rollout & smartphones (big for social & e-commerce)
2/ Web3 improves Web2 as it creates a stronger incentive and value capture layer for open source development
> Devs and creators will favor building on Web3 systems as they provide better economic opportunities & guarantees: Read, Write, *Own*
Most don’t own content in Web2
> Devs and creators will favor building on Web3 systems as they provide better economic opportunities & guarantees: Read, Write, *Own*
Most don’t own content in Web2
3/ Learning from prior tech cycles is instructive but can blind you too. Narratives can outpace fundamentals but, over the long term, tech will continue to surpass “analyst” expectations because innovation delivers compounding and non-linear effects which are hard to predict.
4/ We’re living in precedented times of creative output. Web3 is unlocking lot of friction & new value capture mechanisms. It’s facilitating more fluid collab/coordination of talent & capital. You’re finally seeing info (Web2) & capital (Web3) move globally at speed of light 💸⚡️
5/ Web3 fulfills the original vision of the Internet by creating a value capture layer for peer-to-peer interactions. It doesn’t stop with Bitcoin, DeFi or NFTs. My imagination doesn’t stretch too far but I just sense there’s a tsunami of creative and economic output coming 🌊
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