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.

Circling around that whole web3 ‘ownership’ story. I have 170k email subscribers. I own the list, entirely. There is no algorithm. But 60% of my subs are on Gmail. If Gmail flags me as promotional, half my subs won’t see it. And no ownership or composability changes that

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👇