The End of Web3 by @ttunguz

This is the great exciting and invigorating puzzle today. How does a successful company leverage decentralized databases, their novel capital structure (token cap table), their different regulation, and fresh ways of acquiring users into a massive business?I don’t know yet, but I do know when it comes, we won’t call it a web3 company.

Web3 will disappear just the same.

Novel infrastructure often enables new software. We refer to each wave by its architecture advance: internet, mobile, cloud, data lake, single-page apps, containers, serverless.At some point, startups tinker enough with the new technology to discover the applications customers value most. Then the infrastructure innovations disappear beneath the de... See more

In a few years, data startups, consumer apps, and software vendors will rise and grow - the same as today.Some of them will employ the four fundamental innovations of web3: permanent ownership, paying customers with “equity,” regulatory arbitrage, and new governance models (DAOs).