What’s the point of all of this? If web3 ends up becoming a big thing with a lot of users and new, valuable business models, so what? On Thursday, I wrote about the web3 use cases that exist today to set a baseline:NFTs: $31.3 billion of volume in the past year on OpenSea aloneDecentralized Exchanges: the leading DEX, Uniswap, has handled over $1T in volumeDeFi Protocols: Compound, Maker, Aave, and other DeFi lending protocols have held up well during the sell-off while centralized DeFi lende...

What’s the point of all of this? If web3 ends up becoming a big thing with a lot of users and new, valuable business models, so what? On Thursday, I wrote about the web3 use cases that exist today to set a baseline:NFTs: $31.3 billion of volume in the past year on OpenSea aloneDecentralized Exchanges: the leading DEX, Uniswap, has handled over $1T in volumeDeFi Protocols: Compound, Maker, Aave, and other DeFi lending protocols have held up well during the sell-off while centralized DeFi lende...