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👇

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.