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The Fat Protocol Thesis: Understanding Value Distribution in Web3
As we transition from Web2 to Web3, understanding where economic value will concentrate is crucial for investors, developers, and entrepreneurs. The Fat Protocol Thesis, proposed by Joel Monegro in 2016, provides a framework to assess how value is distributed within blockchain ecosystems compared to traditional internet models.Web2: Thin Protocols, Fat ApplicationsIn the Web2 era, value was primarily captured by applications at the consumer-facing layer, while the underlying protocols remaine...
The Fat Protocol Thesis: Understanding Value Distribution in Web3
As we transition from Web2 to Web3, understanding where economic value will concentrate is crucial for investors, developers, and entrepreneurs. The Fat Protocol Thesis, proposed by Joel Monegro in 2016, provides a framework to assess how value is distributed within blockchain ecosystems compared to traditional internet models.Web2: Thin Protocols, Fat ApplicationsIn the Web2 era, value was primarily captured by applications at the consumer-facing layer, while the underlying protocols remaine...
