@fredwilson.eth

"When a novel technology arrives, early infrastructure is controlled (or attempted to be controlled) by a small number of players who prefer to create and extract value inside their walls (so called “walled gardens”). The user's experiences here are typically good enough (or novel enough) that most users don’t ask what they're missing. And then something happens: bottom-up, a set of open protocols emerges that are permissionless and composable. From here, native use cases that couldn't exist inside the walled gardens begin to bloom"

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