It’s funny how much the concept of compose#ability & portability of web3 sounds a little bit more like the web before Google or FB than a better way to build them. Yes, your content becomes atoms you can take with you, but you can’t take the network with you.
The New Internet failed to provide a clear enough plot, a straightforward enough of a product, nor legible enough of a movement to fend off the effects of value drift. Young people especially want to work on material things that pay well and the New Internet never really had a clear career path attached to it.
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👇