What they are and the business models behind them
Awesome piece
I am curious on the layer theory. If the value accrues at protocol or thin layer, there is very less incentive for players to build Dapps. I think this will change as the protocol layer reaches innovation peak.
I think new apps will be forced to build on top of thin layers / protocols due to the liquidity that is trapped inside these.
Will be a tough bet to attract new liquidity once a layer/ protocol reaches tipping point in a category / sub-category.
Awesome piece
I am curious on the layer theory. If the value accrues at protocol or thin layer, there is very less incentive for players to build Dapps. I think this will change as the protocol layer reaches innovation peak.
I think new apps will be forced to build on top of thin layers / protocols due to the liquidity that is trapped inside these.
Will be a tough bet to attract new liquidity once a layer/ protocol reaches tipping point in a category / sub-category.