Web2 left out digital property rights. When you use a site (or app), it would only let you borrow or rent things. Imagine if in the real world you had to buy everything from scratch every time you went to a new place. That’s web2.

Like websites, tokens are digital primitives that can be generalized to represent almost anything — money, art, photo,... See more

Tokens give users property rights: the ability to own a piece of the internet.

In the skeuomorphic era, the design thinking is largely adapted from older domains. For example, the early web was mostly digital adaptations of pre-internet activities like letter writing and mail-order shopping. Websites back then were mostly read-only.

It took about a decade for technologists to start seriously exploring the idea that websites... See more