Tengji Zhang

L2s matter — skyscraper technology is essential to scaling any city — but they are not the end of the story. L2s are an “and”, not an “or”.

On-chain identity matter because current professional identities are uninformative and rely on trust instead of verification.

“If you look at a typical company, the founders and investors own 80-90%,” he goes on. “All of the employees own the other 10-20%. It doesn't make sense. It's not who is producing most of the value. We wanted to flip that model on its head. With the DAO, the community controls 80% of the tokens; the founders and strategic partners control 20%.”

Proof of Humanity: Prove unique identity associated with each individual is necessary to protect against sybil attack.