White Paper: Opportunities at the Intersection of Web3 and Social Change

8. Web3 is addressing global inequality by sharing the reward—and the risk. Put another way, if the roughly $5 trillion total market cap of Alphabet, Meta, Apple, Amazon, and Microsoft were split across a billion users to give them around $5,000 each, they’d be much more supportive.

Web3 presents the opportunity to build an entirely new internet — indeed, entire new economies — from scratch. The question then becomes: What kind of internet should we be creating?

Ownership, via employee stock option plans, has been a powerful tool for incentivizing talented people to dedicate their skills to building startups in Silicon Valley. While this model has been extremely successful, it hasn’t been accessible to all, constrained by geography and legacy financial infrastructure, among other factors. One result is tha... See more

"There are so many facets to what crypto can enable, including the creation of community-owned platforms. That's the biggest shift—it's tough (or near impossible) to build wealth without ownership, and artists have never had ownership of platforms. If you look at the market cap of Spotify, look at the value of Patreon, it's in the billions of dolla... See more