1/ Throughout tech history, it has often been the sequels that became the greatest hits. Underrated strategy for founding the next breakout crypto company: Think about the big, bold ideas from the last era of crypto that didn’t quite work as planned, but still have the potential to be world changing.
2/ Ask yourself: What has changed in terms of infrastructure, UX, regulation, culture, market size, etc. that might make this kind of product/company successful and possible today?
3/ A number of categories are obviously cooking: - All things stablecoin and stablecoin adjacent - The intersection of crypto and AI - Bringing real world assets onchain to reduce friction and expand markets (RWA tokenization)
4/ But there are many more areas that are still unexplored and ripe for reinvention today! Just a few: - The evolution of NFTs from PFPs to true digital scarcity across games, media, and collectibles; what form will they take next? - Verticalized, application-specific blockchains that bend the cost/performance curve in such a way that entirely new applications can move onchain. What becomes possible? - Making DAOs workable and efficient. This leads to opportunities beyond crypto too for many types of orgs - Harnessing crypto rails to positively shift the LTV curve of mobile gaming; Imagine reshaping the economics of the entire industry.
5/ Here are a few examples from past innovation waves of ideas before their time or before the tech was ready: - Kozmo-> @Doordash - Webvan-> @Instacart - Pets.com-> @Chewy - Friendster-> @Facebook - General Magic-> @Apple iPhone - Every previous AI company-> @OpenAI The same pattern will almost certainly prove out in crypto.
@DoorDash @Instacart @Chewy @facebook @Apple @OpenAI 6/ What are your big ideas reinvented? Would love to hear about them in the replies below!
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