On-Chain Meritocracy

Reputation, quality of work, social capital and experience are already being used by DAOs to make decisions about how to treat specific members, but if these qualities could be inferred from an on-chain record, DAOs would become more autonomous and permissionless. Decisions could be made automatically, such as unlocking new spaces or granting great... See more

Web3 will offer new and optimized ways to enable, recognize, and reward social capital. Due to its decentralized nature, proof-of-X will not be determined by a single centralized platform or middle-man but can be negotiated and defined differently by every bespoke community.

Web3 is about Proof of Work - someone’s wallet and their activity on the blockchain is their online identity and the proof of the work they’ve done on chain. This can be used to hire, evaluate their investments, their community memberships and affiliations.

Web2 platforms coerce user loyalty through network effects and closed data, and exiting a platform leaves creators without access to their audiences or content. Web3 affords the opportunity to build systems that foster user agency and self-determination through true digital ownership, open data, and networks that are built atop open-source software... See more