Part 2: creating the new frontier – Chris Rempel's Blog

For example, for the first time ever, creators can now sell works as NFTs that are hard-coded to generate royalties from all future resales, in perpetuity. This means that every time one of their works is re-sold at auctions, on a marketplace, on streaming services, etc. the actual creator is compensated directly, along with the new seller.

It’s particularly this interoperability and overlap between our digital apps, services & devices that will become as second-nature as swiping a screen on a phone… which creates a whole new world of opportunity for entrepreneurs.

Tokens are programmable “side currencies” that also act as a proxy for equity, but they can have a number of other uses as well, which I cover further down. Tokens will generally track the market cap of the issuing project / business, which is why you can see huge runs in value appreciation as network effects occur and something gains traction.

One of the possiblities that arise from a user’s Wallet ID being persistently connected to anything else on the same blockchain is that opt-in relationships between IDs (eg. followers, customers, subscribers) can similarly be ported, instantly & seamlessly, from one app / service / experience to any other... In plain English, if you follow someone ... See more

The base layer of a new world needs to be ready before you can start building cities on it.

Expanding on the Engagement capabilities mentioned earlier, one of the most interesting features baked into Web3 experiences is the ability to detect assets held by any given Wallet once it’s synched with a Dapp.

We’ve established that millions of gamers are very willing to invest substantial time & resources into modifying, improving & supporting virtual worlds they care about – even if there’s no monetary return on that investment.

This is because, so far, your email list has been the only decentralized marketing asset you can truly own and “take with you”; you can’t be de-platformed or cancelled from your own list. (Something that even the leader of the free world has recently discovered).

While a tad oversimplified, Charlie Munger’s famous one-liner is sort of like the Occam’s Razor of human behavior – especially at scale. People are generally far more driven by self-interest than by any other factor.