Move-to-earn ventures (overview of ventures on getchai.xyz) like STEPN are Ponzi schemes. The apps lure users to invest - early investors then profit from more recent investors. But, there is hope for these apps. Founders could create appealing apps that are not tied to monetary incentives and/or enable third-parties to inject money into the ecosystem. Here is how most of the move-to-earn apps work:Sign-up and buy an NFT accessory (e.g. a sneaker)Track movement with their app and earn a non-a...

Move-to-earn ventures (overview of ventures on getchai.xyz) like STEPN are Ponzi schemes. The apps lure users to invest - early investors then profit from more recent investors. But, there is hope for these apps. Founders could create appealing apps that are not tied to monetary incentives and/or enable third-parties to inject money into the ecosystem. Here is how most of the move-to-earn apps work:Sign-up and buy an NFT accessory (e.g. a sneaker)Track movement with their app and earn a non-a...

I moved from a daily to a weekly schedule to allow for more heads-down product work. The update will highlight the essential things that have happened in Web3 land during the week. Spoiler: it was slow news week event-wise, but quite fundamental in its discussions on Cryptotwitter about Web3 use cases. Web3 use cases The critics Charlie Warzel's article at the Atlantic summarized what happened well: https://newsletters.theatlantic.com/galaxy-brain/62ba500cbcbd490021aaef70/web3-crypto-mov...

I moved from a daily to a weekly schedule to allow for more heads-down product work. The update will highlight the essential things that have happened in Web3 land during the week. Spoiler: it was slow news week event-wise, but quite fundamental in its discussions on Cryptotwitter about Web3 use cases. Web3 use cases The critics Charlie Warzel's article at the Atlantic summarized what happened well: https://newsletters.theatlantic.com/galaxy-brain/62ba500cbcbd490021aaef70/web3-crypto-mov...

Hello world …

Hello world …