The biggest risk to an evolving system is that you become bogged down by experts from a world that no longer exists. The more evolution you have, the more you should expect that expertise has a shelf life.
Having said that, Axie Infinity demonstrates that DAOs are an incredibly innovative business structure with significant potential for value-creation. In the coming years, more DAOs with tangible earning power will emerge, and investors should consider adding exposure to this emergent asset class.
Rather than restricting your freedom, a routine gives you freedom by protecting you from the ups and downs of life and helping you take advantage of your limited time, energy, and talent. A routine establishes good habits that can lead to your best work.
So this new graph isn’t about who you ‘friend’ or follow, but who you attribute, who you support, and who inspires and supports you. Not as social gestures, but inscribed in smart contracts that deliver economic benefits. Not as traffic driven, but as credit given.
A few numbers. Online advertising averages 1% of US GDP — roughly $200B out of a $20T economy— important, but not critical. For context the US video game business is about $65B, with about $20B coming from virtual goods. I think with new web3 business models we could easily 10x the virtual goods economy. So I don’t see why replacing advertising wit... See more