What A Time To Be Alive
What A Time To Be Alive
From Fabric Ventures
We’re currently living through a tectonic shift in the way the world works. WEB 3.
There is so much to consume here, I’m just going to provide the best resources I've found/been able to consume.
breakdown of exactly what Ethereum is
Interview explaining the difference between ETH and BTC
Projects being built on the platform
ETH founder being interviewed by Naval Ravikant on Tim Ferriss' podcast
OK, so TLDR
Ethereum = Decentralization
What that means moving forward:
For Marketplaces at large: (think the New York Stock Exchange)
BUT - What does this all mean?
Great question! I don’t know exactly. No ones does.
One thing it means is that these new, Web 3 platforms, will continue to take power from the few, and give them to the many.
What Coinbase does with 1300 employees, Uniswap does with 13.
Web 2 communities are worth Millions (think influencers)
Web 3 communities will be worth Billions (think buying ETH/BTC in 2013, not to mention NFTs now, etc)
I've never seen anything quite like this renaissance.
It's taken so many of the greatest minds (ranging from tech, to finance, to real estate, to digital marketing, to design, to SEO) and COMBINED THEM.
This is the wave that overthrows big tech - it’s the only thing that can compete at the same scale. But it’s not direct competition, Web 3 is playing a different game. It’ll be death by 1000 cuts, rather than a 1 on 1 fight on the street.
Warren Buffet has been quoted saying, "How to you beat Bobby Fischer? You play him at any game but chess."
Action Items:
How do you get in on the action?
Buying BTC is your safest play. Bitcoin is now digital gold.
ETH is also a great bet, my favorite at the moment. Tons of value at the current price point. If BTC is gold, ETH is the internet.
Nat Eliason's DEFI Orientation Course
Nat gives you a step by step walkthrough of downloading your wallet, and walking through a couple of the most popular exchanges/apps available on Web3
Here are more of Nat’s writings, just as reference:
- Weekly breakdowns / Updates on all things DEFI
Till Next Time,