The Fat Wallet Thesis

Forget the core tech. Distribution is destiny. He who controls the front-end, controls the future

The most valuable layer in a technology stack is often the one closest to the end-user, with the lowest switching costs and the most direct distribution channel. In crypto, this happens to be wallets, but the principle could apply to many other technology domains.

• As core technologies (protocols) become more commoditized, value shifts to the user interface
• The layer that controls distribution and user flow becomes most valuable
• This isn't unique to crypto - it's a potential universal principle of technology stacks

Compare:

• Blockchain (ISP/Datacenter)
• Protocol (AWS/GCP)
• Wallet (Chrome/Safari/WeChat/X/Meta)

Where are your bets placed?

https://x.com/robbiepetersen_/status/1851652862855528682