From Minimal Viable Product to Minimal Viable Community

 The core difference lies in how Web3 projects are owned and governed. In Web3, the roles of owners, users, and investors are less distinct and can sometimes overlap. The contributors to many Web3 projects consist of developers, team members, and enthusiastic community members—all working together to grow the project.

While Web2 businesses’ GTM strategies start with the product (i.e. come for the tool), Web3 companies should have more of a bottom-up approach and design the tokenomics to reach and attract an engaged community. That’s what investors would want to see.

-Community: New ways for community to connect directly, participate in governance and ownership.

The Three Components of Crypto Success: Product/market fit, Community participation, Sufficient decentralization (community ownership)

The need for product/market fit is obvious. Without a product people want, there are no users, no business, and it will be difficult to sustain a community for long. Community participation and decentralized control

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