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Network Effects, Moats, & the Business of web3

web3 with a16z crypto

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The Five Forces of Platform Competitive Advantage

The core insight, like with our conversation about the five forces earlier, is that most things have gotten much harder. Previous sources of platform competitive advantage might be you have all the liquidity on your platform and competitors don't have nearly as much or economies of scale. Or platforms can create defensibility through standalone value, technical advantages, things that they do that are just superior.

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