Makes sense, I could definitely see some snowball effect forming in those areas making it hard for others to catch up.

Identity seems to be another area where a lot of value could accrue to a single company.

Synonym and Block seem to be going after a similar market with Slashtags and TBD, and I could see these protocols turning into winner-take-all markets… especially if these systems don’t interoperate.

It’s still unclear to me where money is going to be made, but being the winner that everyone uses to manage their internet identity seems to be the harder part of the equation.