Collected web3 twitter threads

  • Why web3 matters

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    Chris Dixon

    @cdixon

    There’s a lot of talk lately about the possibility of a prolonged financial downturn, reminiscent of 2008. 2008 was a difficult time for many people.
    2,951

    2:39 PM • Jun 27, 2022

  • Composability is to software as compounding interest is to finance

  • Blockchains are the new app stores

  • Tokens are a new digital primitive, analogous to the website

  • Going from Web 2 to Web 3 - “Your take rate is my opportunity”

  • The web3 playbook: using token incentives to bootstrap new networks

  • Seven types of NFTs

  • The internet treats bad business models as defects and routes around them

  • Some reasons to build your startup in web3

  • Turning networks into economies

  • Web3 critics misunderstand decentralization

  • How web3 data portability reduces the power of centralized services

  • NFTs and ownership

  • The internet is not yet mature

  • Economic loops for startups

  • The myth of “ETH killers”

  • Usability/monetization death spirals

  • What’s next in web3

  • How open lost to closed in web2

  • A few common ways new technologies can be misunderstood

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