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🚀 3 Takeaways on Market Design for Web3 Builders with Scott Kominers 🛠️ Here are some insights from Scott Kominers, shared with the latest cohort of a16z crypto CSX Startup Accelerator: 1️⃣ Web 2 vs. Web 3 Network Effects: While Web 2 platforms have thrived on “walled gardens” to outcompete rivals, Web3 protocols gain their edge by embedding themselves in as many applications as possible—supporting third-party development is essential. 2️⃣ Broad → Narrow → Broad Strategy: Start by targeting a broad audience to find product-market fit. Once you identify early adopters, narrow your focus to refine the business model. Then, scale by expanding to adjacent markets. 3️⃣ Evolving Tokenomics: Tokenomics should adapt over time. Fixed token policies might be inefficient. Instead, supply and other parameters should be adjusted as the ecosystem evolves to match changing demand. #Web3 #MarketDesign #Crypto #StartupAdvice #Tokenomics #CSX

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