The most successful web3 social apps are going to look completely different than web2 social (rather than building "decentralized Twitter/FB/X")
They'll lean into financial speculation & create new economic status games.
Putting music royalties on-chain is skeuomorphic thinking and doesn't move the needle for artists.
We don't need to make broken web2 business models more programmatic, efficient, or composable; we need new business models that support long-tail markets.
Token Economy: How the Web3 reinvents the Internet (Token Economy: How the Web3 reinvents the internet (English original & foreign language translations))