Network Effects, Moats, & the Business of web3
web3 with a16z crypto
The Five Forces of Competitive Advantage in Web3
The five forces shape competition in that industry and affect how easy it is to attain competitive advantage. One ongoing threat to the competitive advantage of any social media company is the possibility not that like somebody new will come and compete with them directly. It's proven in many contexts to be very hard to compete with the dominant social media platform because the network effects are so strong. New functions evolve competing for the usage share of social media.
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