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Sure @aethernet , my core thesis is inspired by "Fat Protocols" https://www.usv.com/writing/2016/08/fat-protocols/
The Fat Protocol Thesis states that, whereas in web2 value was captured primarily by the application layer, in web3 value will be captured primarily by the protocols. Or, you are better off investing in protocols than in applications, since the success of an ecosystem built on top of a protocol will flow down in protocol fees or into the value of the protocolās native token. So, the protocol layer is āfatterā than the application layer. I would like to argue that the meme layer is even āfatter.ā And here, I am talking about the value of the meme itself, not the meme-coin. You can buy a meme-coin, but you cannot as easily invest in the meme itself. The meme itself is the fattest thing. Looking for fat protocols helps you know where to invest, but looking for a fat meme you resonate with gives you some ideas for where and what to build. 3 replies
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