Web3 Use Cases: The Future

Presently, the dominant blockchain/Web 3.0 application is decentralized finance, but I think it’s easier to see the value of where things are heading, and to allay worries about hype cycles, pyramid schemes and speculative bubbles, if we look past the purely financial stuff. Once you start to dig into some of the applications that venture capitalis... See more

The crypto ecosystem (or web3, or blockchain-based, or whatever you want to call it) is offering a new set of promises of how wonderful it will all be. Most of these promises will not be fulfilled, at least not fully or in the way we expect. But in trying to fulfill them, we will learn new things about what people can do online, and what types of b... See more

Web3 isn’t all good or all bad, but we believe it’s net good, it’s happening either way, and it deserves more thoughtful and honest critiques and, yes, regulation, in order to reach its full potential. 

Web3 presents the opportunity to build an entirely new internet — indeed, entire new economies — from scratch. The question then becomes: What kind of internet should we be creating?

The main use-case of web3 is speculation and money laundering. We’ve been promised much more, but at this point blockchain technology is over a decade old. It didn’t take web1 nearly this long to flourish after the browser and HTTP were invented. Shouldn’t more have happened by now?