Network effects.
See social media, bitcoin, iOS App Store, blu-ray, Xbox live, and I’m sure more I can’t think of rn.
Network effects are maybe akin to "phsyical effects". Non-monopoly but physical space is also another 'first mover' type of moat.
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Network effects are maybe akin to "phsyical effects". Non-monopoly but physical space is also another 'first mover' type of moat.