# Collected web3 twitter threads

**Published by:** [cdixon](https://paragraph.com/@cdixon/)
**Published on:** 2022-03-19
**URL:** https://paragraph.com/@cdixon/collected-web3-twitter-threads

## Content

Why web3 matters 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 9:39 AM • Jun 27, 2022 Composability is to software as compounding interest is to financeBlockchains are the new app storesTokens are a new digital primitive, analogous to the websiteGoing from Web 2 to Web 3 - “Your take rate is my opportunity”The web3 playbook: using token incentives to bootstrap new networksSeven types of NFTsThe internet treats bad business models as defects and routes around themSome reasons to build your startup in web3Turning networks into economiesWeb3 critics misunderstand decentralizationHow web3 data portability reduces the power of centralized servicesNFTs and ownershipThe internet is not yet matureEconomic loops for startupsThe myth of “ETH killers”Usability/monetization death spiralsWhat’s next in web3How open lost to closed in web2A few common ways new technologies can be misunderstood

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