Economics of Web3 – Part 1

Web3 is a protocol play. So you don't need to make a ton of money in any exit to make a ton of money eventually or generally in web3. Instead, it's about being a foundational player and developer and artist and more in protocol layer technologies and integrations of these in ways that makes something that everyone loves much better and collectible and integrated. So that this means that there will be possibilities to produce outcomes that are better composed outcomes for every previous outcome which was possible. And there will be varying combinations of these.

You will soon see examples but they might be strange to you at first perhaps. But only if you don't really understand the technology and what it's doing to the world. Some people might have tried to use these for nefarious purposes originally but because of the power of web 2 and also the real world, they are easily stymied. So the beneficial usages of the technology will appear similarly powerful and beautiful but will actually facilitate good.

And the economics of this all is that a lot of the value will be driven by AI as part of blockchain and tokenized projects. This will be through integrations and identities and brands. All combined into tokens and useful integrations further with more of the same.

This will further be interesting when humanity is able to exist on any planet or so on like space stations. Because that too will further increase the possibilities of identifying additional value for people who will want it in the form of novelty and dopamine and reason to want currency. But even beyond currency, the next amazing thing involving information, ideas, brands, technologies, so many things. Web3 will saturate all of that by enabling a lot of focused niche based and super niches based decentralized financing opportunities but even just self funding opportunities in the form of building protocol-layer things that will leverage AI and protocols like Coinbase's most recent payments protocol using HTTP 402...well, all of that summarized means that Web3 economics for technology developers and not just will mean that the AI will reward novelty and also too confirmations and covers.

That is because of the Non Zero Sum nature and value generation capabilities of Web3. But it need not be capitalized if you don't want to strain your finger. web3 is still really hot!

If you enjoyed this, follow me so you can enjoy the series I guess. Or if nobody enjoyed this and has interest further, well, then the feature set will pleasantly humble you for a change...because the best version of web3 is the one where the only humbling is the one that is the pleasant relief of being pleasantly wrong for a change not because of not understanding the general hope but because of seeing actual prospects of it implemented that way from the get go.