Network Effects In A Web3 World: Thinking Outloud

in LeoFinancelast year

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How are network effects going to be affected by Web3?

What happens when we are dealing with digital platforms that users have stake in? To compound it, where do things go when people can also have stake in the network that the platform is connected to?

In this video I ponder these questions along with the fact that we might be seeing the impact of each action even greater than with Web 2.0. We know network effects mean we are dealing with a greater than 1:1 on social media. What happens when your activity also flows through to the network (blockchain)?


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I liked the part where you were saying that we can change the outcome of the tokens by holding stakes there. It made me realize that it is similar to being an owner of the shares of stock of a company. I haven't really looked at holding tokens that way. I guess with the decentralized nature of Web3, this makes more sense, and I can see it already happen with the SPL DAO. I haven't been selling my tokens, but this makes me want to hold more of the ones I am interested/invested in.

 11 months ago Reveal Comment