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Crypto and Net-New Marketplaces – Variant

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The biggest companies on the planet are marketplaces built on network effects. Amazon ($1.9T), Meta ($1.2T), Tencent ($459BT)—all aggregate supply and demand, and their networks grow more valuable the more of that supply and demand they control. The same holds true in crypto. Top-valued networks like Bitcoin ($1.4T), Solana ($79B), and Ethereum ($460B) are all multi-sided networks comprised of developers, users, and network operators that become more valuable as they scale. But when I look at the landscape of marketplaces across web2 and web3, I don’t just see the marketplaces that already exist; I see the ones that don’t exist yet. In my years investing in marketplace startups, I have learned that there are marketplaces that should exist—that would help supply and demand find each other and provide significant utility to both sides—but that don’t exist today because of limitations inherent in the systems they are built on. I have also seen firsthand how new technologies can unlock opp

Crypto and Net-New Marketplaces – Variant Crypto and Net-New Marketplaces June 7, 2024 by Li Jin --> The biggest companies on the planet are marketplaces built on network effects. Amazon ($1.9T) , Meta ($1.2T) , Tencent ($459BT) —all aggregate supply and demand, and their networks grow more valuable the more of that supply and demand they control. The same holds true in crypto. Top-valued networks like Bitcoin ($1.4T) , Solana ($79B) , and Ethereum ($460B) are all multi-sided networks comprised of developers, users, and network operators that become more valuable as they scale. But when

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