Real world problems that web3 could solve--at least for me

It solves the problem of creators profiting from the subsequent use of their work

Solving the problem of incentivizing creative work that endures: Most media distribution and monetization models incentivize quantity over quality. Newspapers, radio networks, podcasts, magazines, books, movies, and on and on receive the lion’s share of their revenue in a short window after release. It is increasingly hard for any medium to have bl... See more

Solving the problem of having only one job: Another weird thing about companies is the idea that the best way for human beings to work together on a project is to have all of them work the same, fixed schedule all of the time. If web3 makes it possible to assemble ad hoc, dynamically-rewarded teams more easily, participants can have a portfolio of ... See more

Solving the “problem of the firm” and assembling quick, purpose-driven teams: With web3, you could announce your goal publicly. People who are interested will reach out. You can quickly see what they’ve done (see above) and choose the team that meets your requirements. You can create a coin or token and distribute it among the team members. You can... See more

I expect it to become routine--first among younger people in more technical fields--that recruitment will involve looking at someone’s blockchain-backed identity to see a richer picture of the person’s background. If a candidate with an unpromising resume can demonstrate an unusually large number of these Gold Star tokens--in which former bosses an... See more

Solving the problem of assembling a good team: When I became the CEO of a new company, every founder I talked to had the same warning: hiring is the hardest thing you will do... Currently, we use approximations: we look at the school a person attended, the jobs they’ve held and the length of time they were there. We might take a look at two or thre... See more

I do believe that--like, say, email, cell phones, stocks, bonds, and other innovations--web3 is a major new tool that will transform a lot of how we live our lives. It will foster beautiful things and ugly things, crime and charity, love and vicious hatred.

My core argument is not that web3 is this amazing thing that will make all aspects of life better. And it’s not that web3 is a terrible thing that will make life intolerable.

web3 is not good or bad. It just…is