Having covered Web3 for almost a year, I should have known that “crypto,” “DAO,” “DeFi,” “blockchain” and other terms associated with the future of the
. Worse yet, there’s a comical lack of customer support. When your crypto wallet is “drained”––which one person told me was “inevitable”––there is nowhere to turn. No one to call. No idea whether or not the hacker still has access to your account. And good luck reporting your stolen Ethereum to the IRS!
Mesidor made me think about the Supreme Court’s recent decision to strip the EPA’s authority to effectively curb carbon emissions in the U.S. “I’m not concerned if this industry is a bubble, if it’s going to break or if it’s going to become too big, because in the blind spot of the industry are the people at the grassroots who are building products and services to tackle inequity.”Public Policy Advisor for Blockchain Association Cleve Mesidor and Pivot and Host of the Prof G Show Scott Galloway attend Pivot MIA afterparty presented by Salesforce, February 15th, 2022 in Miami, Florida.
This is the creator economy model that represents another bone in the back of Web3. After giving our data and content away to mega-platforms and organizations on Web2, people now want to benefit alongside emerging platforms, or upset institutions entirely. Which is why so many people believe that, to build a successful metaverse, we must also build a “decentralized” web. In other words, Web3 must walk so the metaverse can run.
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