by replicating and storing user data across an open and decentralized network rather than individual applications controlling access to disparate silos of information, we reduce the barriers to entry for new players and create a more vibrant and competitive ecosystem of products and services on top.

The reason I call this Web2.5 is because the Substacks and Patreons are open but not interoperable. There’s nothing stopping me from downloading my Substack subscribers and posts and manually moving to a new platform. The data is accessible but not interoperable, and that makes all the difference when it comes to building the internet of tomorrow.

Chris Dixon: "Composability is to software as compounding interest is to finance. It's sort of this magical thing where if you get it going, it has this sort of exponential hockey stick."

Everything is open source and composable in web3, preventing incumbency/market domination.