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The Tim Ferriss Show cover image

#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs

The Tim Ferriss Show

NOTE

Composability in Web 3.0 and the Dominance of Open Source

In Web 3.0, innovations like automated market makers enable the creation of interconnected applications where functionalities can be easily replicated and integrated. This concept of composability allows for the seamless connection of different apps into a network where data and code can be shared effortlessly. This shift resembles building a civilization of interconnected apps rather than isolated silos. Composability in Web 3.0 is akin to the compounding interest in finance, creating an exponential growth effect. Moreover, the dominance of open source software, such as Linux, has revolutionized technology by allowing the reuse and sharing of code to solve problems more efficiently, leading to its widespread adoption in various devices and systems.

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