First mover user advantage in blockchain


welcome everyone today I wanted to talk
about first mover’s advantage and
opportunities that may present
themselves in the future so in my
previous video or speaking about
opportunity cost and how this is not
going to be the only time to capitalize
on an opportunity within blockchain or
this is not the last time to make a good
investment in blockchain there are going
to be dapps there are going to be smart
contracts that are going to be lots of
applications that are built on top of
blockchains that are going to represent
opportunities new opportunities for new
investors all the time so regardless
what financial position you’re in if
you’re a very young investor if you have
obligations if you can’t put money
towards certain project or as much as
you want there are going to be
opportunities that present themselves
and today we’re going to be talking
about actually being a user within
certain applications or certain dapps or
certain smart contracts that
first user advantage and there are going
to be platforms that are created that
are going to allow people to monetize
and this is where the opportunity
presents itself let’s take a few
examples and then try to relate them to
blockchain if you take a company like
YouTube now owned by
Google the first youtubers that started
creating videos on YouTube they have
legacy within this
YouTube system and they’ve been able to
grow their SEO over years and years and
years and years and the biggest
youtubers now I mean of course there are
a lot of new youtubers that are really
big but the older youtubers they’ve
amassed a massive
following just because they were the
first movers on a particular platform
let’s take Uber the first Uber drivers
that were driving Uber I’m sure there
are some now, but I heard in college that
the first Uber drivers were making bank
I mean it was it was pretty common place
for people to be projected to make
six-figure salaries being an Uber driver
when the platform first came out there
were a lot of incentives the payout was
higher
referral bonuses were higher this and
that this and that let’s take a
company like Airbnb the first Airbnb’s
there wasn’t a lot of competition out
there so you were able to build your
brand within that Airbnb niche market so
your home may be able to have amassed a
massive number of reviews which makes it
easier to rent out your place now that
first mover advantage is so important
and these companies are going
to be created and they’re going to be
offering incentives for people to use
their platform and use their dapp or join
their ecosystem and if you join the
correct ecosystem and if you navigate
the correct way and if you translate
your passions into the ecosystem that
you want to do whether that be investing
whether that be broadcasting whether
that be writing whether that be whatever
it may be you will have that first mover
advantage and you will be able to
capitalize so maybe it’s not about creating
that new business idea and
maybe it’s not about creating that new
business idea for every single
individual person but maybe it’s about
being that business user that customer
for that business and that first mover
advantage is going to allow people to
take it’s going to be a
“investment” it’s going to
be a “investment” all those
youtubers that are mega YouTube stars
now you know it’s you could say it’s
analogous to them owning shares in
Google they have helped grow the
platform and through the years they’ve
been able to amalgamate more and more
users and it’s a snowball effect the
snowball effect so the people that got
in really early have a much wider
audience and much easier time to be
successful on a particular platform so
moving forward keep your eyes peeled for
opportunities and see exactly whether or
not your passions can translate into
blockchain and the use cases are not so
clear right now but they’ll clear up as
time progresses and there will be
opportunities for individuals to
participate so keep that in mind and let
me know what you think are you ready for
that next big thing
and what might that thing look like for
you
let me know in the comments below and
thanks for watching again and have a
wonderful day
thank you

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