Last week a friend asked me if I still thought web3 had a future. Tough question, but fair — AI is the hot new thing and we’re still waiting for the next bull cycle to really take off. It felt like a cosmic nudge to remind myself why I’m optimistic 👇

For me, it all boils down to the economic advantage of protocol networks. Yes, there are a ton of morally strong reasons why decentralization is better for humanity — but that’s the reason I like web3, not the reason I think it can succeed.

The unfair advantage is that protocol networks don’t need a middleman — the code regulates exchange and only needs to generate enough funds to maintain itself. Over the long run, a protocol ride share network should be able to charge significantly lower rates than Uber or Lyft.

It’s not a given — pricing is only part of the equation. But it’s why I’m optimistic about success. To go deeper on the opportunities and challenges, check out my blog post on this topic:

It’s not a given — pricing is only part of the equation. But it’s why I’m optimistic about success. To go deeper on the opportunities and challenges, check out my blog post on this topic: https://heynate.me/the-economic-case-for-web3-protocol-networks/