Jack Dorsey, Elon Musk Slam Web 3.0... But What Is It

https://www.youtube.com/watch?v=pVkPJQi1u_w (come learn with me)


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points form the article:


- Dorsey - who has long been a supporter of Bitcoin and hardly in
the Ethereum camp - told his millions of followers that "you
don't own web 3" and that "the VCs and their LPs do. It will
never escape their incentives


- Trading of non-fungible tokens, or NFTs, on the Ethereum and
Solana blockchains has been the most visible manifestation, with
many companies now investing in the development of decentralized
apps as well as games for those platforms."


- we see the potential for dramatic shifts in industry structure
(decentralized, more local/niche/targeted) that could impact
current investor perceptions of platform moat/strength, industry
input costs, possible headwinds to monetization driven by
personalization and potential for shifting media & commerce
trends.


- The defining characteristics of a Web 2.0 leader are scale of
users, utility-like nature of mobile/desktop
applications/services (if not a family or ecosystem of apps)
& low to no distribution costs (companies have gained broad
based familiarity with some turning into verbs)
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