the biggest bear narratives in crypto right now:
— DAO governance
— EVM
— NFTs as pfps
— private keys
— token incentives (airdrops, liquidity mining, etc).
and it's true—they're broken.
but thing is, they're also the biggest opportunities for the next cycle:
Chris Brown launched an NFT called “Breezyverse” last week
Breezy has 114M IG followers and 32M Twitter followers
Only 290/10,000 have been minted… that’s 0.000199% of his combined audience
We need less celebrity and more authenticity
1/ MCon+Mainnet takeaway #2: The whole DAO contributor funnel needs work:
- Discovery: no Glassdoor of DAOs for beginners 2 browse
- Onboarding: Discords lack process for ppl 2 gain context
- Contribution: DAOs disproportionately benefits self-starters who create their own scope
I took the red pill 8 months ago and I’m no longer a skeptic that something is brewing in web3.
But many of my observations have been critical and quite negative.
It’s time to add one more observation to the list that’s at the heart of many of the problems in the space. 🧵👇