Many people have heard of bitcoin, ethereum, NFTs, and cryptocurrencies.
Fewer people have heard of blockchain, DeFi, and DAOs. (maybe more after this past week and ConstitutionDAO)
I’m not particularly Web3 savvy myself in terms of hands on experience but I think it’s important that everyone understand the concepts behind Web3. It’s for sure here to stay and you’ll want to be closer to the leading edge of it.
What Is Web 3.0 & Why It Matters [Fabric Ventures] – “Web 3.0 enables a future where distributed users and machines are able to interact with data, value and other counterparties via a substrate of peer-to-peer networks without the need for third parties. The result: a composable human-centric & privacy preserving computing fabric for the next wave of the web.”
Everything You Need to Know About DAOs… You Learned in Elementary School [Sarah Wood] – “If you’re reading about DAOs, you’ve likely come across crypto jargon like wallet, tokens, governance, proposals, off-chain, on-chain, among other confusing terms. This inaccessible language could make you feel like you don’t belong in the conversation. I know it did for me. The good news is that we actually already know much more about DAOs than we ever imagined.”
10 Lessons from 5 Years of Investing in Crypto [Mr Stingy] – “I can’t guarantee you’ll make money in crypto, but I can guarantee you’ll learn amazing things by experiencing it for yourself. In fact, if you invest enough time in the space, your biggest challenge might not be making money — it might be about crypto taking over your life. Because crypto trades 24/7 and moves so fast, you might end up with unhealthy habits. I’ve been playing around with NFT mints recently so I’ve occasionally had to wake up at 4 a.m. I’ve read too many horror stories of people burning out. Your relationships might also suffer, especially if you’re neglecting face time with loved ones. What good is all the money in the world if you don’t have anyone to share it with?”
How Four NFT Novices Created a Billion-Dollar Ecosystem of Cartoon Apes [Rolling Stone] – “Bored Ape Yacht Club became internet rock stars by making NFTs of grungy simians that aren’t just viral images — they’re tickets to a whole new lifestyle.”