Happy birthday, my Edo brother from another mother, @victorosimhen9
Wishing you many more laurel-filled and successful years.
Come and make us proud at @ManUtd, pls.
We Nigerian ManUtd fans are eager to welcome you to OT to finish what @ighalojude started.
Cheers, Owie-epa!
@utdforever7@ManUtd@premierleague Spot-on analysis...I was looking forward to reading something about Chido-Obi Martins.
I think that teenager is ready for the senior team.
@HQNigerianArmy Much respect to the gallant officers and men of the N.A.
We appreciate ur sacrifices in keeping our country safe and helping civilians sleep well at night.
But you see #Fisayo S, the whole world knows from his antecedents that he was doing undercover work where he was arrested.
@Izzy_chord@PoojaMedia@gtbank Mine has been since October 1st. @gtbank is gradually becoming notorious for this. I've reached out to them through all their social media handles, no response. Maybe they're waiting for me to create time to come and act small werey for them before they will reverse my cash.
@PoojaMedia With this, I don't think @CAF_Online needs any crystal ball to see that Libya is not a safe place to host any other CAF f/ball matches.
These people are paranoid, need time to heal and sort out their war-torn country. F/ball seems to be the least of their problems right now.
The secret weapon in Web3 marketing that truly works? Network Effects
Unlock this strategy, and watch your user base skyrocket!
The best way to describe Network Effects is:
A product displays positive network effects when more usage of the product by any user increases the product’s value for other users (and sometimes all users).
The entire Web3 ecosystem thrives on Network Effects: blockchains, successful infrastructure projects, p2e games, and more. They all leverage these effects.
To grasp this concept better, think about the telephone: A single telephone is useless, but the utility of the telephone network increases with each new telephone added. As the total number of connections a given node (telephone) can establish increases, the utility of the network is enhanced.
Your mission is to replicate this in your project!
➤ 16 Types of Network Effects
In the map below, NFX has depicted various types and categories (organized by color), with the strongest and simplest network effects at the center.
Your goal is to incorporate at least a few Network Effects from this map into your project. The more and stronger they are, the better.
➤ Network Effects are Not Virality
Network effects are not the same as viral effects. Network effects create defensibility, while viral effects are about acquiring new users for free. They have entirely different objectives and strategies.
➤ Formula for Success
Durability = Network Effects + Economies of Scale + Brand + Embedding + IP
➤ Types of Compensation for Bonding
You also need to decide on the type of compensation for key network participants based on their value.
Luckily, the types of compensation are limited. The image below offers a good starting list.
To achieve exponential growth for your project, you need to understand:
1. Who are the main participants in your network?
2. How will they interact and what value do they add?
3. How will you attract them?
Tagging some of the best minds in the space: @_k4ybee@McTyasha@andyyy@MatDefies@vohvohh@amandatylerj@GianTheRios@SerrDavee@DeFiMinty@thesaint_@Louround_@poopmandefi@0xSalazar@cryptoshiro_@LambolandNFT@andrewsaunders@HadickM@adamceresko
Share in the comments how you are already using Network Effects in your projects and how it has impacted their growth 👇
@MTNNG The chances of me porting my line from your useless network is as sure as the sun rising from the east tomorrow.
How can you bar a line for non linkage of NIN, yet each time I check NIN status with *996# my NIN is properly linked?
@NgComCommission, pls help stop this madness.