Bridges across the Chasm to Web 3.0

Huge successful companies have already been built using community, finance, and data as competitive advantages. I am hopeful that we will see many more because Web 3.0 rails enable builders to build the same features with less capital.

There are technical implementations for all types of payment services outside of the typical on-chain transaction, from micropayments, which allow video streaming companies to pay for each unit of video transcoded, to state channels that allow two people to agree on a value exchange that only gets executed if something happens, and paid subscriptio... See more

Web 3.0 protocols have finance built-in, and they can build on top of other protocols to provide more complex services, drawing from native pools of capital earning yield natively from each protocol.

Owning payments allows you to build a winning product. Your customers have different needs, pain points, and goals relating to the flow of money, such as tip pooling for restaurant staff (Toast), paying down business loans with daily card sales (Square), tying payments to rewards (Starbucks), streamlining collections (DocuSign), automating accounti... See more

More specifically, Web 3.0 protocols can give participants skin in the game, align the community’s incentives, clearly define the group’s boundaries, create transparency of behavior, and provide for a means for dispute resolution.