Stuffed Blocks

Share this post

Unblocking creative output with technology leads to category defining platforms

tonysheng.substack.com

Discover more from Stuffed Blocks

Field notes from the digital asset front
Over 2,000 subscribers
Continue reading
Sign in

Unblocking creative output with technology leads to category defining platforms

What mediums can blockchains and smart contracts unlock?

Tony Sheng
Jul 8, 2020
10
Share this post

Unblocking creative output with technology leads to category defining platforms

tonysheng.substack.com
3
Share

Here’s a theory: for any given medium, there are moments in time where the cost to create gets sufficiently low to onboard a huge wave of new creators. It’s easy to see this with the big social networks of the last couple decades:

We’re seeing this in every medium, with the hottest battlegrounds in streaming video, mobile video, and (not pictured) long form audio and streaming audio.

So my question is: where do blockchains and smart contracts fit into this framing? What are the relevant mediums of content?

Markets are an obvious one. Because smart contracts can be deployed permissionlessly and users can trade with one another without needing permission from financial institutions or governments, anybody can create a market now.

  • Status quo: NYSE, CME

  • Disruption: Uniswap, Binance

  • New normal: a market for everything

What else? What are the underrated opportunities? Leave a comment with your thoughts.

10
Share this post

Unblocking creative output with technology leads to category defining platforms

tonysheng.substack.com
3
Share
3 Comments
Share this discussion

Unblocking creative output with technology leads to category defining platforms

tonysheng.substack.com
Kyle Samani
Jul 8, 2020

The argument for Uniswap is that there will be lots of long tail markets. The question is, does that matter?

In the case of your other examples, the disruption made the content more accessible to the masses.

In the case of Uniswap, if something becomes sufficiently liquid, it will 1) be abstracted by an aggregator like 1inch/dex.ag anyways, and 2) make its way onto Coinbase/Binance

Expand full comment
Reply
Share
2 replies by Tony Sheng and others
2 more comments...
Top
New
Community

No posts

Ready for more?

© 2023 Tony Sheng
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing