[Read Write Own] A Top VC's Vision for the Future of Web3
The evolution of the internet is about to enter its next era, 'Own,' following the eras of 'Read' and 'Write.' Chris Dixon's book, 'Read Write Own,' which sharply captures this transformation, presents a vision for a better internet and how to achieve it, based on his 25 years of experience in the internet industry as a top-tier venture capitalist in Silicon Valley.
1. The Three-Act Structure of the Internet
Read Era: Information was democratized through open protocol networks, allowing everyone to access information freely.
Read/Write Era: Corporate networks like social media emerged, democratizing information creation as well. However, revenue became concentrated in the hands of corporations, and innovation stagnated.
Read/Write/Own Era: Leveraging blockchain technology, ownership of information is democratized. A new network is built where users own their data and break free from corporate control.
2. The Innovation Brought by Blockchain
Blockchain technology solves the problems of traditional centralized networks and provides users with true ownership. For example, NFTs (non-fungible tokens) enable the ownership of digital assets and provide a mechanism for creators to earn revenue directly. Additionally, decentralized exchanges (DEXs) significantly reduce transaction fees and create a more favorable environment for users.
Fundraising and Investment Opportunities
Dixon emphasizes the importance of fundraising for blockchain projects. In particular, new fundraising methods utilizing tokens are effective for early-stage projects. This makes it easier for projects to receive support from the community and expect sustainable growth. Specifically, decentralized network projects like Helium are cited as success stories. Helium aims to expand its network through token incentives and is building a user-participatory ecosystem.
3. Breaking Free from Corporate Control
The modern internet is increasingly dominated by large tech companies. In contrast, blockchain networks provide an environment where users can own their own data and assets, preventing the concentration of power in corporations. This allows users to freely choose and migrate between services, promoting competition and leading to the provision of better services.
'Read Write Own' concretely depicts the new era of the internet brought about by blockchain technology. Through innovations in fundraising and the expansion of user ownership, the internet will evolve once again into an open and dynamic network. Dixon's vision is undoubtedly a must-read for investors, entrepreneurs, and creators looking to succeed in the next battleground of the internet.