3min chapter

The NFX Podcast cover image

Ep 9: Why Network Effects Are (Even) More Powerful In Web3 (NFX Masterclass)

The NFX Podcast

CHAPTER

Build Network Effects Into Your Business

Network bonding is really important. You need to start with the people that you're solving a problem for and you need to talk to them. There's a spectrum between complete dictatorship and Animal Farm, I would say maybe make a finite list of what are the parameters in your product that you're comfortable letting the community have control over or let them play kind of in that sandbox. tokens are interesting because they are a utility that is unique in how democratic they are. And again whether or not that's true it should be true.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode