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 protocols def get it since farcaster is the living and thriving example - was mainly thinking about app layer ones.

i just randomly thought about Apple - their classic style is not to be the “first to market” but “last to market” meaning they go when the tech matures and makes it mainstream.

Depends what you're building?

If you're building a protocol, most receptive audience of potential early users and developers.

If you're building an app, lower bar for competition and if you have the ability to survive and make progress through the brutal down markets, well-positioned to do well in the up market.

1. Establishing a reputation early
2. Capturing more value if successful
3. Gaining valuable experience/knowledge early

Skipping the politics and biz pressures of web2 for a gen of users that say fuck off to the way things are

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