Web3 Interoperability: The Hard Parts
In the first installment of the series, I talked about why social applications are crucial to converting the general public onto web3. I described how the financial upsides, while crucial, are not as compelling as offering a rich social experience. In this follow up, I’ll dive into why it’s taken so long to build out that vision of the web3 driven metaverse.Where is the Utility?I invite you to read over Taleb’s criticism of Bitcoin and blockchain. He ends it with:And he as a point. The Satosh...
Web3 Interoperability: The Hard Parts
In the first installment of the series, I talked about why social applications are crucial to converting the general public onto web3. I described how the financial upsides, while crucial, are not as compelling as offering a rich social experience. In this follow up, I’ll dive into why it’s taken so long to build out that vision of the web3 driven metaverse.Where is the Utility?I invite you to read over Taleb’s criticism of Bitcoin and blockchain. He ends it with:And he as a point. The Satosh...
How The Next Million Gets Onto Web3
TLDR; Web3 introduces the concept of digital ownership, but ownership is meaningless without context. Composable projects making up a rich ecosystem of social products are the key to unlocking the next million people onto web3. Ask a random person off the street about web3 and NFTs. You usually get one of two responses: Either they’ve never heard of them, or (more frequently) they yell Ponzi scheme, and then make spicy tweets about right-click saving JPEGs. The incentives for early adopters d...
How The Next Million Gets Onto Web3
TLDR; Web3 introduces the concept of digital ownership, but ownership is meaningless without context. Composable projects making up a rich ecosystem of social products are the key to unlocking the next million people onto web3. Ask a random person off the street about web3 and NFTs. You usually get one of two responses: Either they’ve never heard of them, or (more frequently) they yell Ponzi scheme, and then make spicy tweets about right-click saving JPEGs. The incentives for early adopters d...
