0xtkgshn Network Goods I’m finally starting to understand. Things that increase in value as more people recognize them, like NFT, npm modules, Art, Music, etc. Surely this is a better way to say Art is public goods.” Information wants to be free” and if there is a notion of possession about the meme, the price goes up. Coordination Mechanisms with Griff Green | Green Pill #65 - YouTube
0xtkgshn The concept of brand is this. If you have a brand (and recognition), more people will want to possess it, and you can raise the price per unit. By doing this in the information space, the transfer of value is facilitated. Sure, people’s ASSUMPTION could change if they could have digital data that stays the same on each platform.
- Goods whose value increases with attention have a positive network effect because being connected to improves the chance of attention inflow.
This page is auto-translated from /nishio/ネットワーク財 using DeepL. If you looks something interesting but the auto-translated English is not good enough to understand it, feel free to let me know at @nishio_en. I’m very happy to spread my thought to non-Japanese readers.