A THREAD on most thought provoking tweets on ownership economy, Web 3, DAOs, NFTs++ shared by @jessewldn:
1/
The internet built Wikipedia, with no economic incentive.
Don't underestimate what the internet can build as DAOs.
1/
The internet built Wikipedia, with no economic incentive.
Don't underestimate what the internet can build as DAOs.
2/
The Ownership Economy is here.
Last summer, it happened in DeFi.
This summer, NFTs took it mainstream.
Now ownership is beginning to be a keystone of all consumer internet products and services.
The Ownership Economy is here.
Last summer, it happened in DeFi.
This summer, NFTs took it mainstream.
Now ownership is beginning to be a keystone of all consumer internet products and services.
3/
In Web2, networks are owned by a select group of people who invest or work for the company.
In Web 3, the opportunity is to build networks owned by those that contribute—be it with code, machines, content or community building.
The users own the networks.
In Web2, networks are owned by a select group of people who invest or work for the company.
In Web 3, the opportunity is to build networks owned by those that contribute—be it with code, machines, content or community building.
The users own the networks.
4/
Aligned incentives will make #Web3 networks grow faster and be more valuable to their users than Web2 networks.
Crypto tokens move ownership at the speed of information—to a global market of talent aligned w growth.
Aligned incentives will make #Web3 networks grow faster and be more valuable to their users than Web2 networks.
Crypto tokens move ownership at the speed of information—to a global market of talent aligned w growth.
5/
In crypto, user-ownership can help drive network growth faster than any Web 2 growth hacking tricks.
But nailing an effective ownership distribution is one the biggest challenges (and opportunities) for teams.
In crypto, user-ownership can help drive network growth faster than any Web 2 growth hacking tricks.
But nailing an effective ownership distribution is one the biggest challenges (and opportunities) for teams.
6/
Many Web3 marketplaces are *user-owned*, which means they don't need to maximize profits for shareholders.
Instead, they can maximize benefits to users by being minimally extractive (or operating at cost).
Many Web3 marketplaces are *user-owned*, which means they don't need to maximize profits for shareholders.
Instead, they can maximize benefits to users by being minimally extractive (or operating at cost).
7/
The internet investing in your project is a superpower.
Only a very small slice of VCs understand that.
The internet investing in your project is a superpower.
Only a very small slice of VCs understand that.
8/
Web3 makes money interactive and non-permissioned in the same way that Web2 made information interactive and non-permissioned.
Web3 makes money interactive and non-permissioned in the same way that Web2 made information interactive and non-permissioned.
9/
To me, a network qualifies as Web3 if the cashflows and ownership structure is controlled "on-chain" — meaning its controlled by software written by developers and running on a public blockchain (as opposed to legal contracts written and run by lawyers).
To me, a network qualifies as Web3 if the cashflows and ownership structure is controlled "on-chain" — meaning its controlled by software written by developers and running on a public blockchain (as opposed to legal contracts written and run by lawyers).
10/
Thinking about your startup & Web3?
Start by putting cashflows on chain.
Onchain cashflows unlock optionality that Stripe cannot:
- progressive decentralization
- community ownership
- DAOs
Cant execute on Ownership Economy models if you're built on the wrong stack.
Thinking about your startup & Web3?
Start by putting cashflows on chain.
Onchain cashflows unlock optionality that Stripe cannot:
- progressive decentralization
- community ownership
- DAOs
Cant execute on Ownership Economy models if you're built on the wrong stack.
11/
ONCHAIN INVESTMENT CLUBS ARE THE FUTURE OF TECH, MEDIA, CELEBRITY, CULTURE, ETC.
hard to overstate this.
ONCHAIN INVESTMENT CLUBS ARE THE FUTURE OF TECH, MEDIA, CELEBRITY, CULTURE, ETC.
hard to overstate this.
12/
In my view, crypto underpins the greatest potential for a true metaverse complete with native money, property rights, and organizations that are built, operated and owned by builders—much like the free market economy in the physical world.
In my view, crypto underpins the greatest potential for a true metaverse complete with native money, property rights, and organizations that are built, operated and owned by builders—much like the free market economy in the physical world.
13/
DAO: "an entity that lives on the internet and exists autonomously, but also heavily relies on hiring individuals to perform certain tasks that the automaton itself cannot do."
"Automation at the center, humans at the edges"
— @VitalikButerin (2014)
DAO: "an entity that lives on the internet and exists autonomously, but also heavily relies on hiring individuals to perform certain tasks that the automaton itself cannot do."
"Automation at the center, humans at the edges"
— @VitalikButerin (2014)
14/
NFTs will go mainstream because creators, collectors, and devs all make more money in this new market structure.
NFTs will go mainstream because creators, collectors, and devs all make more money in this new market structure.
15/
Most history on the internet can be erased.
This can’t happen to files minted as NFTs because they live on the blockchain.
Who made it, what it’s about, all this can be permanently encoded.
NFT is new file format, for a file you can’t delete.
Most history on the internet can be erased.
This can’t happen to files minted as NFTs because they live on the blockchain.
Who made it, what it’s about, all this can be permanently encoded.
NFT is new file format, for a file you can’t delete.
16/
DeFi : Money Legos
NFTs : Media Legos
Just as tokens and smart contracts are "money legos" for developers to permissionlessly compose and remix.
NFTs will be "media legos" for developers to...
DeFi : Money Legos
NFTs : Media Legos
Just as tokens and smart contracts are "money legos" for developers to permissionlessly compose and remix.
NFTs will be "media legos" for developers to...
... build the next Spotify or Netflix on top of a programmable library of content that preserves attribution/value for creators
17/
Social Tokens backed by NFTs
That’s the MVP
Social Tokens backed by NFTs
That’s the MVP
18/
Startup ideas I’m interested in: (non-exhaustive randomly ordered)
- Spatial Software x NFTs
- Curation DAOs
- Social Tokens
- Patronage+ Crowdfunding
- NFT indices
- Stablecoins w tranched yield
- Interblockchain comms
- Private smart contracts
Startup ideas I’m interested in: (non-exhaustive randomly ordered)
- Spatial Software x NFTs
- Curation DAOs
- Social Tokens
- Patronage+ Crowdfunding
- NFT indices
- Stablecoins w tranched yield
- Interblockchain comms
- Private smart contracts
• • •
Missing some Tweet in this thread? You can try to
force a refresh
