Post by @chriscomrie • Hey
Pardon my boot-leg attempt at a "quote-mirror"... but i wanted to provide some commentary to a very important post @christina.lens just made. In almost eve
Comments
- big facts.
- Definitely agree....Social is definitely the next phase
- Not only do I agree 100% with this thinking but I believe we're about to witness an incredibly interesting game play out over the next few years: web3 enables us to create an infinite number of social networks, literally every purchase and physical item can have a social network created around it. The economics of social networks will become a dominant force.
If this is true then who today has the biggest liquidity pools? The current social giants Meta, TikTok, Youtube, Twitter, LinkedIn, etc. If they turned into marketplaces today (which Meta is literally in the process of doing this) they would become the biggest marketplaces with the most liquidity overnight. The dynamics of this would become very interesting.
The longer these companies wait to turn into marketplaces the faster they bring about their own "death by 1000 cuts" because every brand in the world will create their own social networks and market places--just look at Nike and Starbucks.
- In case the photo doesnt load heres the text of Christina's post:
"I read the following quote over the holiday break which very much resonated with me: “We really believe the next big format for the music business is fandom” Eliah Seton, SoundCloud
While this is no doubt an exceptional one liner, my theory is: “Social collectable content is the next big format which will enable true fandom”.
- Exactly, social power is the most magical thing in this world, especially using some crypto tool.
However I believe that good content and relation tree are the most important two things in social platform