In other words, open-source protocols accelerate innovation by letting anyone build, so that with proper financial incentives for creators, they can quickly take the place of closed web2 protocols. That makes it hard for platforms to extract value, however, since open-source environments let anyone fork the platform and redeploy it with lower commi... See more

Key Takeaways: While web3 is ever-evolving, this bull run has shifted the dynamic for all participants.Investor allocations are decreasing. Team allocations are increasing. Airdrops have become a cornerstone of most distributions. Public Sales have all but disappeared. DAOs have shifted the majority of ownership to the Community Treasury and Ecosys

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The decision to release Uniswap v3 with a more restrictive license suggests that, even today, Uniswap’s network effects are not something the team + investors feel comfortable relying on. In case you’re not familiar with the details, Uniswap Labs (the founding team) chose to go with a BUSL 1.1 license that prevents the v3 code from being forked for... See more