I think the rise in membership clubs is in response to the accessibility provided by social media. Back in the day, cool clubs / bars were based on IYKYK, which maintained the core vibe based on self-selection but were also at least somewhat inclusive and kept the flow fresh. Now social media has ruined the ability of any cool place to stay cool... See more

A lot of the early rise of web3 can be seen as the continuation of the trend towards experiences, thrown online in a hurry, but instead of straight spending on experiences and trading money for fun, they’re investing in experiences, increasing money and fun and pushing the Pareto Funtier out.