I've already linked to the first two parts of this series, so I may as well cover part 3. In this post Donald Clark questions the web3-metaverse land grab. "The libertarian roots of Silicon Valley have outgrown their teenage years. They're now greedy adults - they want it all." We've seen this scenario play out before, with the dot.com land rush, the Second Life land rush, and most recently, the NFT land rush. Before that it was casinos and forex and similarly greasy online enterprises. The new web3 world, notes Clark, is much more sophisticated than any of these. It will be of a lot of use. But let's not pretend that libertarianism will do anything other than make the rich people richer. To make web3 work, it will need to be owned - and managed - by the community. Not by Facebook.
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