Community Token Talk - The Cutting Edge of Web 3 - Ep. 40



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Its a pleasure being among the top comments.

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Regarding tokenless Web3. The huge corporations have billions with which they can fund development of new tech, attractive interfaces, infrastructure, R&D, and marketing to get millions of users. If a Web3 community doesn't have a token and so doesn't have funds to continuously develop all these things, how is this community going to compete with the corporations? The community will only be able to provide very poor services. But if the community treasury is full of funds, it can develop and provide great services. This transfer of power from governments and corporations to decentralized communities seems to me as the real shift. The historically new thing is that blockchain tech allows a community to do decentralized governance, with full transparency.

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