Ownership Economy

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.

In a world where the amount of things you can speculate on is ever increasing - it’s more efficient to find the next airdrop than contribute meaningfully to a single project. The result is a depleted treasury and lots of speculators, with no resulting impact on retention/growth.