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Reddit is doubling down on tokens, web3 needs more user interfaces / less infrastructure and how multiplayer creation unlocked participatory media.
Tons happened in web3 last week. Here are the top highlights:
This week’s dose of web3 is a holistic kickoff into 2023 ↓
a twitter tweet & thread¹
worthy reads²
1. The Myth of Web3's Infrastructure Phase
“…The common view is that new computing platforms start with a discrete infrastructure phase, followed by an ecosystem of apps. However, the reality is that new computing platforms start with killer apps that inform the type of infrastructure that needs to be built. This then kicks off the “apps <> infrastructure cycle” … Sure, better onboarding and cheaper transaction fees will enable new consumer products. But the existing infrastructure we have today should be enough to build compelling products and experiences. For example, traditional consumer brands have shown it’s possible to build for millions of people through experiments like Reddit Collectibles & Nike .SWOOSH. Meanwhile, SoRare and Immortal Game have gained traction by taking existing products (fantasy sports and chess) and layering in web3 elements to offer a unique value prop (ownership of in-game assets).…”
Read the full article here by @patrickxrivera.
2. Multiplayer Creation: Unlocking Participatory Media
“…Multiplayer creation is the end-to-end process of Formation, Coordination, Production, Value Distribution, and Post-Release evolution of creative work — in which multiple parties are involved in one or more of the stages … The primary enabler of multiplayer creation is the underlying primitives. Primitives can be understood as basic components which are assembled, modified, or otherwise utilized by one party to impact the final creative output of all parties. Primitives can vary, but some notable examples include musical stems, artistic blueprints, composable layers, and entropy … Oral storytelling, folk music, fanfiction, and early role playing games have long utilized the combined creative input of the collective to produce cultural artifacts surrounding a set of values or an idea. The resulting body of work has encapsulated the cultural zeitgeist throughout history more than what any one individual could have achieved on their own...”
Read the full article here by @nichanank.
undiscovered products³
Joystream → a decentralized video streaming platform and L1 blockchain.
Helika → make strategic on-chain decisions with no-code analytics.
Portal → infrastructure transforming platforms into portals to web3.
Find these and all 490+ other resources on intoweb3.land ↗.
↻ a summary
W12 is hitting us with the IRS seeking to tax NFTs like other collectibles, Bitcoin liquidity hitting a 10-month low amid a US banking crisis, and Arbitrum settling into the top 40 coins with 81% of airdrop claimed. Two exciting reads discuss the myth of Web3's infrastructure phase and multiplayer creation, exploring the idea that new computing platforms start with killer apps that inform the type of infrastructure that needs to be built and the potential of multiple parties coming together to produce cultural artifacts surrounding a set of values or idea. Finally, three undiscovered products are introduced, including Joystream, Helika, and Portal, offering decentralized video streaming, no-code analytics, and transforming platforms into portals to Web3.
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