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In the wild, we’ve seen some form of governance mining introduced in protocols like Balancer, Index Coop, MakerDAO, Friends with Benefits, and likely some others. However, the success of these initiatives so far appears to be quite limited. There are a few reasons for this:

This is what I call the luxury trap. It’s a fatal mistake many brands make. Defining a luxury brand by its functional aspects and high prices cannot replace the value a brand creates.

Finally, I touch on a few other conceptual opportunities (DeFi, the economic self, and the power of pseudonymous identities), identify some cautions and concerns about the intersection of web3 and the social sector, and conclude with a list of ventures, solutions, and other things that maybe should be built in the future.

Channels (e.g., threads, AMAs) for readers to talk to writers and each other.

Growth was the ultimate goal of the social media era. We pursued more friends, more followers and more likes, on as many platforms as possible. A decade later, we're finding ourselves hyper-connected but emotionally unfulfilled. More hasn't made us happy. Instead, we're sadder, lonelier, and anxiety-ridden.

Jacob Horne: Web3 is the embodiment of interdependence in a lot of ways because these systems are not singular and isolated in silos. They require coexistence, participation, and collaboration to sustain themselves. 

Our philosophy is quite simple, really. If you look over a creative person’s shoulder, he will stop doing great work. Wouldn’t you, if some manager were watching your every move, clutching a calculator in his hand? So that is why LVMH is, as a company, so decentralized. Each brand very much runs itself, headed by its own artistic director. Central

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