Key Takeaways: While web3 is ever-evolving, this bull run has shifted the dynamic for all participants.Investor allocations are decreasing. Team allocations are increasing. Airdrops have become a cornerstone of most distributions. Public Sales have all but disappeared. DAOs have shifted the majority of ownership to the Community Treasury and Ecosys

... See more

I’ve found that many new Web3 companies focus on one or two of these aspects, but rarely all three:They create but can’t deliver or capture value.They create and deliver but can’t capture value.They capture value but don’t create or deliver.It isn’t entirely surprising, especially since I experienced many of these same growing pains during the firs... See more

Web 3 introduces a powerful new tool for bootstrapping networks: token incentives.The basic idea is: early on during the bootstrapping phase when network effects haven’t kicked in, provide users with financial utility via token rewards to make up for the lack of native utility.