When is Web3 Worthwhile? Asset as Product
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(January 10th, 2022) Crypto & Value Capture. A well-running business needs a strong value capture mechanism. This mechanism should also be adequately defended against encroaching competitors. For example, Google’s mechanism is advertising in search, and its moat has weathered many attacks over the years. Every application of importance in Crypto has a value capture mechanism, although it rarely reaches outside of the in-crowd audience. Some of these also have a moat. The OpenSea NFT marketplace is a centralized example where its value capture is the fee for using it. Sushiswap is a decentraliz
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