Ownership Economy

Web3 aims to expand ownership re: A) economic upside &B) governance. IMO: A is underrated—Giving upside to >1000x more stakeholders can disrupt the network effects of aggregators B is overrated—There'll be some positives, but we'll experience the downsides of unclear leadership

For products to work at scale they need sustainable business models and networks. Would love to see more discourse in web3 about the complex financial incentives conflicts that we’re going to see if the movement goes beyond DeFi/trading-related use cases. A few examples👇

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