Ep 9: Why Network Effects Are (Even) More Powerful In Web3 (NFX Masterclass)

The NFX Podcast

In Web3, network effects are fundamental and critical to survival. If you’re building in Web3 properly, then it should automatically include network effects. Listen in as General Partner Morgan Beller acts like the river guide of network effects for Web3 as she shares her experience and insights on how to be defensible in this new world. Eventually, we will see Web3 swallow Web2 - look how much we’ve learned since that white paper for BTC arrived in 2009. Founders on the frontlines of the Web3 world are educating us on how to remain defensible and retain growth amongst competitors.

This is an audio version of episode 9 from The Network Effects Masterclass, curated for audio and listening on the go. For the full video experience, transcripts, and recommended reading, join the free Network Effects Masterclass at - NFX.com/masterclass.

(0:00) Introduction to the episode and Morgan Beller (1:26) Overview of Web 3 and its product building path (5:23) Importance of product standard and platform risk in Web 3 (9:10) Applying Web 2 lessons to Web 3 development (11:32) Integrating network effects into your Web 3 business (14:29) The role of tokens in network bonding and social network effects (18:05) Navigating towards the center of the circle for a more defensible position (20:43) Application of Web 3 ethos in the creation of Libra (22:18) The importance of network effects in Web 3's early stage (23:34) Closing remarks and subscription invitation