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In addition to the fact that barriers to entry are still a bit high for non-technical folks, it seems like there’s not much incentive for the average person to care about participating in web3 right now. Yes, there’s been a lot of mainstream attention on cryptocurrency and NFTs as an investment, but combined with its high-risk, that hardly seems... See more

A few years ago, people started asking whether these governance systems could be improved by using “on-chain” governance, which basically means giving network participants a more formal way to vote using tokens. Probably the first and most important on-chain DAO is called MakerDAO.

The tools and models for tokenizing these media relationships are being built right now. Collab.land is a system that lets media creators gate a Telegram or Discord chat group so that only fans holding a certain number of tokens are let in; the pseudonymous issuer of the $WHALE token is now amassing a digital art collection that backs his coin,... See more

At the same time that investing became more accessible, crypto went mainstream. About 20 million Americans—14% of the population—own crypto, with 100K “Bitcoin millionaires” out there. Many Americans (and especially many young Americans) learned to think like an investor through crypto.

This glorification of action over thought is reflected in Silicon Valley's culture and canonical texts. Books like Zero to One or essays like It's Time to Build emphasize the urgent need to create, innovate, hack, and iterate on products with vast social consequences, rather than the responsibility of technologists to pause, reflect, and introspect... See more