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The NFX Podcast

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

Dec 7, 2022
24:01

Podcast summary created with Snipd AI

Quick takeaways

  • Network effects are essential for survival in Web3, emphasizing the shift in importance from Web2 to Web3.
  • Building community engagement first, then refining products is a recommended approach for Web3 startup founders.

Deep dives

Importance of Network Effects in Web 3

In Web 2, Network Effects were considered optional, but in Web 3, they are crucial for survival. The podcast emphasizes how Network Effects play a fundamental role in Web 3, highlighting the shift in importance from Web 2 to Web 3. With examples from Facebook's DM project to Ethereum, the discussion underscores the necessity of Network Effects in the evolving digital landscape.

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