are we doomed to repeat web2 history?

This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in effec... See more

Web3 is different than previous Scenia in a lot of ways, but maybe the biggest is that it began its life with money baked in. While other Scenia proposed radical new ideas, it was easier for them to hide away, for a while at least, and not draw authorities’ attention. Not so for web3.

10 lessons from the past year

1. There has to be value: product market fit, there must be fundamental value for users


2. Web3 and crypto are not consumer friendly: people want problems addressed regardless of labels or terminology — " Crypto will scale when the technology becomes the invisible enabler of what consumer actually care about "


3. Incentive desig

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