Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens.
Let’s explore “token network effects” ⬇️
Li Jintwitter.comSaved by sari
Web3 applications lack some traditional sources of defensibility, but have a new powerful one: tokens. Let’s explore “token network effects” ⬇️
1. Access to Networks
Wordcel • How do you build a web3 community the right way
The implementation of security tokens is a complex techno-legal task and their feasibility often also depends on network effects.
Shermin Voshmgir • Token Economy: Money, NFTs & DeFi
The Token Is The Product
m.mirror.xyz
In web3, ownership and control is decentralized. Users and builders can own pieces of internet services by owning tokens, both non-fungible (NFTs) and fungible.Tokens give users property rights: the ability to own a piece of the internet.