The crypto mullet: web2 in the front, web3 in the back

It's important to highlight that crypto is a backend innovation, akin to the first Internet innovation, and very different from mobile, which was a user experience innovation. Just as the first web pages looked a lot like newspaper or magazine pages translated onto a computer screen, we’re still in the early skeuomorphic phase of crypto application... See more

In Web 3, companies achieve liquidity early via ‘tokenomics’ and other novel mechanisms to raise capital from users (often highly speculative in nature), and build the necessary technical infrastructure to create an alternative internet: decentralized servers, identity-management ‘wallets’, token exchanges allowing easy movement among various ecosy... See more