DAOrayaki: Web3 VCs need to invest in knowledge builders
Author: Joan westenberg
Original Title: Web3 VCs Need To Invest In Knowledge Builders
But I don't think Web3 is just a set of new technologies. It's a new model. Individuals and businesses interact through networks that respect their freedom and choice, enabling them to manage their own lives.
For the first time since the information revolution, we will witness an inflection point where decentralized technology and governance models outperform traditional centralized models. This is not just an opportunity for technological innovation, but an opportunity to transform entire institutions and societies.
Web3 infrastructure will fundamentally change the processes of every enterprise. These changes are expected to create enormous opportunities in the leading market that will be exploited to develop valuable advantages. While these opportunities may appear lucrative, competition is fierce as many players want a piece of the action.
We can't expect this transition to happen without some bad ones. We should anticipate inevitable impacts, including the following:
High-paying jobs have been lost in many sectors of the economy, especially finance.
Privacy and Security Issues. In fact, some centralized institutions may take advantage of their privileged position to try to undermine this competition by violating individual privacy or even physical safety.
As large companies become more prominent, while smaller companies are unable to keep up, corporate mergers ensue.
The Web3 movement is not just about technology. The technological innovation itself will be the easiest part compared to the social and political challenges.
I think the Ethereum community should actively look for solutions to these problems and explore new opportunities in verticals where active participation can bring value.
But clogging will be the bottleneck for humans. Web3 and Metaverse technologies can only grow so far without increasing access to new users of broader demographics
Our aim should be to empower individuals and local communities, not just develop solutions that amplify existing limitations.
We need more entrepreneurs building on top of Ethereum, and more developers contributing to core protocol and infrastructure projects like PoS, Sharding, Swarm, Whisper…
Web3 infrastructure promises to be a game-changing technology that will open up new possibilities, but their starting point is knowledge. Widespread access will require additional work to keep the user base up to speed with on-chain technology. That means only one thing...
The companies that are really worth investing in are boarding companies.
These companies and organizations are willing to help new users of zero-touch Web3 learn and adopt new decentralized technologies, and establish necessary connections with other market players.
They are also onboarding related services for institutions and businesses willing to adopt decentralized technology.
They will need to know how to create effective governance models for their markets and segments. They will need the right incentives to effectively attract network participants and align incentives in a direction that creates value for all.
In this scenario, the most impactful companies will be those that bridge knowledge gaps and bring more non-technically literate users into the space through content, education, interactive engagement, clear messaging around simple value propositions.
This is where we, as investors in the Ethereum community, can create value by focusing on companies involved in building education and participating in the infrastructure, and help shape this new model.
Investing should provide novices with the necessary tools and resources to create successful projects, enabling them to increase their success rate and speed by leveraging the knowledge of other players in the field. It's time for the Ethereum community to understand the importance of onboarding and bring more projects to fruition.
NFT provides a clear value proposition and foundation for education and training
NFTs can help a large number of users in a short period of time, and their success will bring value to the ecosystem by creating more Ethereum adopters.
Companies built on top of NFTs have the opportunity to leverage this knowledge and attract new users thanks to greater exposure for their own projects and the entire NFT ecosystem.
Companies that offer engaging experiences to attract new adopters that quickly show them how they can benefit from using Ethereum in general will be unique in unlocking adoption and expanding the market for DeFi and Web3 startups. The opportunities for decentralized projects built on top of NFT marketplaces to bring value to Ethereum and other blockchain networks by increasing awareness and attracting new users are limitless.
Now is the time to embrace the mainstream and start the next wave of mainstream adoption by putting education first, illustrating the importance of understanding onboarding.
Empowering individuals and local communities will help decentralization expand beyond existing boundaries, creating more value for Ethereum and Web3 ecosystem participants. Building a robust knowledge-sharing infrastructure is a critical step in this direction.
