Web3 For Product Managers: A Guide For The Crypto-Curious 🖲
Web3 has become one of the most talked-about concepts today. Just try to count how many times “crypto”, “NFTs”, or “DeFi” appear on your Twitter timeline. To many people, Web3 is just another technology bubble, driven in part by the desire to make a quick buck. But, if you spend enough time in the industry and ignore the media soundbites, the value of Web3 is obvious.
Web3 is a watershed moment in technological history, the kind that happens once in a lifetime—like the birth of the Internet or the printing press. Decentralized technology is creating a new iteration of products that prioritize creating value for users over making quick profits.
In terms of product development, Web3 is significantly different from Web2, which is why the author wrote this guide for product managers looking to make the switch. It’ll explain what Web3 really means, how product management fits into the picture, and describe the Web3 PM environment.
Time to read: 10 Minutes
Date: May 2022
Link: Web3 For Product Managers: A Guide For The Crypto-Curious 🖲
TikTok 📽p arent company ByteDance filed a trademark application with the U.S. Patent and Trademark Office in May for a service called “TikTok Music.” The filing indicates that the trademark could be applied to a mobile app that would allow users to purchase, play, share and download music.
The short-form video app is already a popular tool for discovering music, and oftentimes can lead to songs rising in popularity after they’re used in viral videos and trends. A report released by the company last year suggested that 175 songs that trended on the short-video platform ended up on the Billboard 100 chart. In addition, a recent report published by a U.K.-based music investor suggested that songs that are popular on TikTok drive additional views on YouTube and streams on other platforms, like Spotify.
While TikTok drives these songs to be popular, it doesn’t have its own music streaming platform — at least in the U.S. — to make money from them. Instead, users turn to popular services like Spotify or Apple Music to play their favorite TikTok songs. However, TikTok’s parent company ByteDance operates a music streaming service called Resso in India, Brazil and Indonesia, and we understand it had previously considered bringing this service to more markets.
Read More: After dominating the short-video market, TikTok 📽 may be considering a music service
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