web3 degrees of freedom

What web3 offers for me, via more flexible and dynamic forms of digital ownership, is business models where decentralized organizations and public goods can be tied directly to equity and revenue streams — the merger of Red Hat and Linux, via tokens. If we can do that, the foundation of open resources we can build will increase dramatically and pow... See more

Decentralization can be thought of as a single design challenge that spans three different, but interrelated elements: technical, economic, and legal. Understanding the differences in these elements is key to designing web3 systems because design decisions with respect to one affects the others.

Core to the tenets of web3 are the notion of self-sovereignty through cryptography, the ability to organize into global communities that resonate with our tailored values and interests, and the redistribution of network value back to users through incentivized participation.

web3 introduces the opportunity to create software infrastructure that is free to use forever, and that anyone can build on top of, but that rewards “the builders and participants for creating and contributing to these invaluable systems that serve society at large for many years to come.” Customers want low prices, fast delivery, and vast selectio... See more

Web3 is about the freedom to opt-in to systems and to opt-out of them.

Unlike its predecessors, the web3 organisational tool stack will accommodate many-to-many relationships, fluid participation, and crucially ownership.