In the realm of creativity and innovation, distinguishing between the components that make up a whole and the whole itself poses a philosophical conundrum. How do the pieces and whole fit together? Not literally, but figuratively. There is clearly something emergent, such that the whole is greater than the parts. The song is more than just a collection of notes. But where does one end and the other begin?
At what point does reaching for an ideal leave one at odds with reality? And can such delusion be justified, in some cases, insofar as it may drive progress?
Web3 was facing a serious value crisis prior to the FTX blowup, and the road ahead for the space looks basically the same as it did a week ago. The speculative use cases had already completely run out of steam in terms of bringing in some quasi-normies on the margins even before SBF Leeroy Jenkinsed the crypto space. There are basically no newbies coming into crypto, and most of the ones who had gotten in during this last cycle are sitting crypto out completely now. This current blowup is certain to complicate the regulatory and public relations picture for crypto, but I submit that crypto was already facing a do-or-die proposition: create value outside of speculation for the general public and economy, or likely shrink or collapse over the medium as there is less and less to potentially even speculate on.
Why are Cities such hubs of Innovation? Consider the following from a book by influential economist Edward Glaeser titled – Triump of the City. Note: Innovation is hard to measure, but we know it occurs if we see productivity increases.
Web3 could change education forever. Ushering in an age where education is low-cost, high-quality, and accessible to everyone in the world who demands it.