Ownership Economy

web3 protocols enable two types of decentralized ownership: #1: ownership of content (tokens, NFTs, data) #2: ownership of the protocol itself controversies about VCs owning web3 are *all* about #2—fair enough. but don't forget #1 is revolutionary... See more

Reminder: Web3 is about ownership, not decentralization. Decentralization is a requirement only for the legitimacy of infrastructure enabling internet-native, programmable asset ownership. This infra uniquely enables ownership as a keystone of UX, at internet scale.

🧱Alternative funding model (inspired by cooperative breweries) Get 1,000 people to chip in $1,000. Make them members/ co-owners. Put each person's name on a brick behind the bar. Let them brag to their friends that they co-own the... See more