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And while the results thus far have been jaw-dropping, you don’t have to squint too hard to see that much of what’s driving these outcomes is unfettered speculation more than any form of real utility. And while a powerful tool when used appropriately, speculation alone is insufficient to create long-lasting communities. Today we’re seeing communities built primarily on hype and FOMO, with vague assurances of future utility
- absolutely agree and I appreciate the guts to calling this out in the space. I’m all for the potential these token-powered “mini economies”. It’s definitely exciting. BUT in order to actually start seeing the space grow beyond rampant speculation, we need to put real-world value into the hands of people
- right now, in my opinion, the biggest thing web3 is missing is a shared understanding of its value proposition for every day people
To create healthy and lasting communities, we need more ways to earn membership and ownership in communities, and a greater focus on real utility.
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