Hooray for DeFi, and What Is That Again?Take a glance at any random corner of Web3 today and you’ll quickly discover an ecosystem overflowing with joy and unbridled enthusiasm. Yes, there’s a tribe of serious entrepreneurs and VC firms methodically investing to earn a calculated return, but there’s also experimental building on a scale far beyond the familiar baseline of traditional industries. Unlike classic commoditized markets with predictable ROI (think: commercial warehouses or mortgage ...

Hooray for DeFi, and What Is That Again?Take a glance at any random corner of Web3 today and you’ll quickly discover an ecosystem overflowing with joy and unbridled enthusiasm. Yes, there’s a tribe of serious entrepreneurs and VC firms methodically investing to earn a calculated return, but there’s also experimental building on a scale far beyond the familiar baseline of traditional industries. Unlike classic commoditized markets with predictable ROI (think: commercial warehouses or mortgage ...