Bitcoiner Ventures and angel investor Balaji Srinivasan tweeted that every social network and messaging application will get a variant of web3. why? Because DAO is obviously more useful than Facebook groups, subreddits, group chats or bulletin boards. They allow you to go from entertaining discussions to the level of resource allocation.
Every social network and messaging app will get a web3 variant.— Balaji Srinivasan (@balajis) January 6, 2022
Why? Because DAOs are just obviously more useful than Facebook groups, subreddits, group chats, or bulletin boards. They allow you to level up from recreational discussion to resource allocation.
Of course, you can continue just chatting. However, if you want to do something, crowdfund an event, acknowledge someone’s contribution, invest in a community member, encrypt a message so that no server can see it, or record a binding vote then it’s DAO or GTFO.