The best communities form around ambitious missions, have a strong group culture, and have a clear way of flexing their brand identity. Think of the uniforms, memes, and other artifacts that make a group a group. Web3 enables communities to coordinate, build equity, and shape culture in ways that have never before been possible.

Seeing (literal and metaphorical) speculation as an activity that necessarily builds community, and seeing the communities as necessary components of the speculative activity (rather than seeing the communities as a kind of accidental development coasting off of a separate, “real” core) helps us get at the core of the web3 dynamic — both to underst... See more