If web2’s moat is data, what is the equivalent for web3?

building far.quest & /farmarket. cofounder at miy.com ventures. FID #274. Previously Square/Cash App. hi_im_nico.twitter

This is the ideal development

To play the devil’s advocate If history repeats itself (see radio, telephone, television, internet) everything open end up in the hand of few

Maybe RSS? Have been relatively distributed although not as popular

gmail + apple together owns 90% market share for email clients despite SMTP being open.

I think it is a hard question regarding the Internet itself - what't your take?

In these examples, distribution and differentiated product experience created the moat.

The difference now is (hopefully) we can incentivize people to create, maintain, and upgrade the underlying open protocols

Product @ CB, wants to move to woods but likes city too much

web3 moats are likely ecosystems of decentralised agents building on top+around a shared protocol (versus web2 central market maker)

scarce resource = devs; dev working in one ecosystem can't work in others

those with most vibrant developer communities win

if moats, they'll be collectively owned — not by one lord