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Crypto as Open Networked Innovation: Lessons from the Lightbulb

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Crypto innovation follows a path similar to the lightbulb’s evolution, as highlighted by Blockworks. Edison’s real impact wasn’t the invention itself but the system he built for collaborative R&D. Today, crypto enables open, permissionless innovation through composable infrastructure. Like the internet, it allows anyone to build on top, creating exponential value. The Breakdown newsletter points to crypto as the emerging backbone of the digital economy, much like the electrical grid.
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