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.
Network effects are maybe akin to "phsyical effects". Non-monopoly but physical space is also another 'first mover' type of moat.