Thread by @KyleSamani

0/ Some airplane thoughts on Loot

1/ I don’t think Loot has anything to do with any Metaverse things

Why?

Because Metaverse requires synchronous 3D space

2/ Loot may well have a place in a metaverse

But we are *very far* away from that. Networking + high fidelity rendering in real time for 1000+ people is a long way out

3/ Ok so if Loot isn’t related to a Metaverse then what is it?

I have a few different mental models. There are probably other good ones

A game

A new kind social coordination and capital formation mechanism (AKA a DAO)

4/ What is Loot as a game? I honestly don’t know

Can see opportunities in treasure hunt type games

Or interfacing with Decentraland or Axie or Star Atlas

Or maybe there is something like Fable built on it

Or maybe something else entirely

https://twitter.com/matthuang/status/1433142041177837568

5/ But I actually think the more interesting mental model of Loot is as a first order breakthrough in social and capital formation

Whenever new tech comes out people often try to apply old models to the new tech

So you end up with strong and weak versions of the new thing

6/ See @cdixon excellent essay on strong and weak technologies

Obviously the comp in crypto is enterprise blockchains vs permissionless networks

cdixon.org/2019/01/08/str…

7/ Anyhoo, let’s talk about social coordination mechanisms

AKA DAOs

8/ There are lots of DAOs across a few categories today

Investment clubs (Pleasur, LAO, Flamingo)
Social clubs (Bankless, FWB, FF)
ProductDAO (Party)

H/t @jessewldn for this categories

9/ All of these map to existing social and capital formation mechanisms though

Adding crypto does make them more interesting

But kinda sorta they are “weak” per Chris’s framework

10/ What excites me about Loot is that it’s just a first order breakthrough in social and capital formation

It can be the “strong” version of DAOs

11/ The next few months for Loot will be incredible to watch

It may be a failure in coordination

There are already some problems (eg mLoot)

Or perhaps the Looters will build something truly spectacular

12/ either way I’m pumped to be a part of it

Happy to chat with anyone building. DMs are open

{fin}