given the decentralized, interoperable nature of web3 products,

what is the early-mover advantage for building in web3 today?

🦙 @alfaca | building fun consumer crypto apps: @offmarket @perl | vc warm intros | fid #539 | resuming /cheesecoin once we hit pmf 🎯

For defi, I’m more likely to place trust in protocols that have secured high TVL for a longer period of time. 

But also if you’re a lower level primitive that people build on you’re more likely to have a moat that way? And early movers are likely to have more dependent layers on top. Like farcaster for example