Web3 ...

there’s so much hype around a term that has a hazy definition -- it calls to mind the parable of the blind men and the elephant.

Man 1: Web3 is about blockchain and decentralization, you know, a DAO (decentralized autonomous organization).

Man 2: No, it’s DeFI and getting away from BigTech or around regulation by CentralGov.  

Man 3: I think it’s all about cryptocurrencies and non-fungible tokens (NFTs).

Man 4: It’s definitely about self-sovereign identities and getting people paid in a creator economy.  

Man 5: It’s beyond the creator economy, it’s the new OWNERSHIP economy.

Me: It’s about giving VCs and casino capitalists some new concepts to feed into the hype & hope machine which will allow them to raise ever larger amounts of LP money tied to their age old “2 + 20” business model.  

Yes, I’m the cynic among the blind men and sorry, there are no women in the blind men and elephant parable.

The massive amounts of investment flowing into this grand new era...more