What's the Promise of Web2 Social Platforms?

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The biggest problem is like where the information that gets created by users lives and who owns that. Right now it's Facebook, Instagram, these social platforms and their databases. These aren't owned by us. These are owned by third party intermediaries. And what is a trust minimized database really good at doing? It's really good at disintermediating rent extraction and allowing users to be owners.

Since 2020, the development of the Web 3 space has arguably validated the value propositions of decentralized blockchains. However, Web 3 today primarily serves crypto-natives and exists as a subset of the internet.

An up-and-coming vertical of projects known as Consumer Vertical focuses on helping empower the everyday internet user and helping Web 3 reach its fullest potential.

Today, we have Derek, Co-Founder of Collab+Currency, to share with us: - What is the Consumer vertical? - 3 consumer verticals that will take off in 2023 - Identifying investable opportunities - “3 rights” investing framework - Time, Problem, Team

Host: Jason Choi @mrjasonchoi . Not financial advice.

Timestamps:

(00:00:00) – Introduction

(00:02:22) – Introduction to Collab+Currency

(00:05:45) – “Aha!” moment for Derek

(00:07:57) – Conviction to focus on the consumer vertical

(00:11:16) – Disrupting Web 2 social media platforms

(00:17:22) – Social features enabled by blockchain

(00:22:43) – Outpacing Web 2 competitors

(00:24:24) – Derek’s investing framework

(00:37:17) – Identifying networks that can be monetized

(00:40:12) – Narratives that might take off in 2023

More Resources:

Guest

Collab+Currencyl’s Website: https://www.collabcurrency.com/

Derek’s Twitter: https://twitter.com/derekedws

Flamingo DAO’s Website: https://flamingodao.xyz/

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

Disclosures:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.