Alphatu

NFTs have fundamentally changed the market for digital assets. Historically there was no way to separate the “owner” of a digital artwork from someone who just saved a copy to their desktop. Markets can’t operate without clear property rights: Before someone can buy a good, it has to be clear who has the right to sell it, and once someone does buy,... See more

The Merge is the culmination of years of coordination by Ethereum Core Developers, client teams and researchers and will reshape the world’s largest programmable blockchain. To understand the magnitude of this upgrade, consider an analogy. The Ethereum network is a car running on a gas engine, but instead of providing motion to the car, Ethereum’s... See more

Centrally controlled network effects allow platforms to build unexpectedly dangerous incentive structures.

The tech industry got a speed-up with the Intel 4004 processor, launched in 1972. This was contemporaneous with American right-leaning economists launching a sustained attack on the regulatory state. The growth of the early PC industry in the late seventies and early eighties coincided with the supply-side thinking of Reagan and Thatcher. As an... See more

This means crypto is democratizing access to otherwise private investment opportunities — I think this is pretty cool. But crypto projects still want access to VC capital and expertise. Good VC investors can provide a lot of value and help projects grow and succeed.

Beyond the network and protocol variety, DAOs come in many flavors. These include:Investment DAOs in which individuals, friends, and colleagues form clubs to invest in web3 startups;