years ago i argued that counterintuitively what makes dapps valuable is their front ends (webapp, broser extension, mobile app, etc) rather than the underlying smart contracts. pump launching an amm causing raydium to drop 30% is a clear illustration of this.

attention is upstream of infrastructure

https://x.com/QwQiao/status/1894000353500103147

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

attention in 2024 = users before utility. look at $DOGE, $BONK, $WIF. they built armies first, apps later. we're all NPCs in attention wars 🎮🔥