Collected web3 twitter threads

• Why web3 matters
• Product cycles vs financial cycles
• Composability is to software as compounding interest is to finance
• Blockchains are the new app stores
• Tokens are a new digital primitive, analogous to the website
• Going from Web 2 to Web 3 – “Your take rate is my opportunity”
• The web3 playbook: using token incentives to bootstrap new networks
• Seven types of NFTs
• The internet treats bad business models as defects and routes around them
• Some reasons to build your startup in web3
• Turning networks into economies
• Web3 critics misunderstand decentralization
• How web3 data portability reduces the power of centralized services
• NFTs and ownership
• The internet is not yet mature
• Economic loops for startups
• The myth of “ETH killers”
• Usability/monetization death spirals
• What’s next in web3
• How open lost to closed in web2
• A few common ways new technologies can be misunderstood