Hello defiers and happy Friday! Today Spencer Noon, who leads investment for cryptocurrency fund DTC Capital, is taking over The Defiant. He writes about the shift in business models from walled gardens, which are good for businesses and bad for users, to open gardens, brought on by public blockchains like Ethereum. Open gardens are showing promise in being good for users, but it remains to be seen how they can be good for business. Read on to understand what the future of applications and the internet will look like in a permissionless, transparent and modular world.
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