Building Web3 Startups
summary
Tells how IPFS and Filecoin split roles—content addressing versus an incentive layer—and lists concrete inventions: Proof of Replication for provable, non‑colluding storage, the libp2p peer stack, the Drand randomness beacon, and the fundraising platform CoinList plus the legal instrument SAFT. Describes building a live storage market, onboarding the Internet Archive to Filecoin/IPFS, and why separate chains were required; argues remaining opportunities are public goods, decentralized compute, crypto‑native databases, ZK infrastructure, games/DAOs and an interplanetary consensus vision.
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chapters (46)
- 0:00Intro to Juan Benet & Protocol Labs
- 1:24Early crypto interest and lost Bitcoin
- 2:32From peer-to-peer research to IPFS
- 4:04Why Filecoin was a separate protocol
- 5:37IPFS vs Filecoin use cases explained
- 6:38Early crypto scene and Ethereum origins
- 7:40Why Filecoin built its own chain
- 8:39Protocol Labs’ protocol innovations
- 10:16Invention of Proof of Replication
- 11:48Building Filecoin's storage market
- 12:49Inventing the SAFT and launching CoinList
- 13:51Are we still early in web3?
- 14:58Comparing web3 to the early internet
- 16:26Infrastructure and UX still need work
- 17:55Web3’s next major applications
- 18:51Key opportunities: games, social, compute
- 20:20The case for on-chain Twitter scale
- 21:25DePIN and wireless network opportunities
- 22:28Need for crypto-native databases
- 24:06Scalability without compromising decentralization
- 25:37Interplanetary consensus vision
- 26:10Web3 startup opportunities in Japan
- 27:17Japan’s strengths in games and DeFi
- 28:46Frameworks for early-stage founders
- 30:10The idea funnel and finding “secrets”
- 31:38Role of hackathons and project evolution
- 33:00What is a true MVP in web3
- 34:31Start small, test, and iterate fast
- 36:49Defining product-market fit in crypto
- 38:08Why “make something people want” still wins
- 39:42Picking new primitives vs proven models
- 41:03Optimize for speed and traction
- 42:34New capital structures for public goods
- 43:55Building with public capital and legitimacy
- 45:20Startup tools: hackathons, grants, accelerators
- 46:42Programs to bootstrap web3 startups
- 48:36Question: Hosting the Internet Archive on IPFS
- 51:42AWS, S3, and the cost advantage of Filecoin
- 52:36Question: The future of hypercerts
- 54:35Creating impact markets with hypercerts
- 56:04Question: New public capital infrastructure
- 58:31Aligning incentives to grow good public goods
- 59:02Question: Human augmentation via computing
- 1:01:07Brain-machine interfaces & coordination tools
- 1:02:40Twitter as a coordination primitive
- 1:03:34Closing remarks and invitation to connect
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54mIPFS & Filecoin 101
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15mThe State of Filecoin
23mIPFS and how to distribute the web
17mPermanent Decentralized Storage Landscape in 2023
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