If you’re following @balajis book The Network State, below thread fit right into everything he discusses.
The implications are vast.
Imagine different biz verticals working together that historical have not, all enabled by digital liberty and ownership.
My thesis on NFT projects being the digital version of cities.
Why I’m doubling down, again, on my new city with @BladeRunnerPunk.
(Everything I mention is applicable to similar communities, would recommend using this framework to inform your decisions)
Let’s take a walk..
To take it a step further, community members can create and contribute into the core product that sits behind the token.
It’s positive-sum in that you’re adding an additional economic layer.
The supply / demand shifts to unknown territories.
Think B2C model but shifting Consumer to Community.
It’s not zero-sim either.
The abstraction of services can be aggregated and traded amongst community members.
@G_ee_mo Consolidation will DEFINITELY happen. (In consolidation implosion occurs but value creation becomes deeper).
Don’t know enough yet to see a potential timeline of it but looking for it.
The numbers on Twitter analytics are insane.
1.43M impressions in Dec.
Reversion to the mean. Crazy that it’s still so high with only 12tweets in May.
Real people. That’s why.
Value can only be created if a portion of the community is working within the ideas that are being proposed as it’s value.
You can’t be in web3 and not operate, partially, within.
Trading an NFT alone does not create value.
Unless it’s solely art & culture.