DAOs advance web3’s benefits by enabling decentralization. They allow developer companies to hand control of the developed networks and protocols to users, most commonly through the distribution of governance tokens. This process effectively turns the networks and protocols into public utilities that users can then build on top of, knowing that... See more
The decentralized crypto protocol community is growing. Unlocking the protocols isn't just for ideological reasons; they'll still work, and anyone can build on them. Like loans, loans, and trading, a decentralized governance system is needed for bitcoin. Crypto startups switching to community governance raises many questions about development,... See more
Winners in the Web3 space will be the ones that can clearly define:1. Where in the spectrum of centralization vs. decentralization will this product sit?2. Is this a network effect-driven business or not?3. What does success look like? (User growth, TLV, developer activity, transaction volume, wallets connected, etc.)