Azeem Azhar's Exponential View How Web3 Is Changing Commerce and Governance (with Not Boring’s Packy McCormick)
25 snips
May 4, 2022 
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Packy's Early Bitcoin Anecdote
- Packy McCormick initially bought 38 bitcoin in 2013 but sold them early for a trip, missing out on millions.
- His real interest in Web3 grew from exploring business model changes like user ownership and incentivized participation.
Web3 Primitives Empower Ownership
- Web3 primitives are building blocks enabling new business models aligned with user incentives and ownership.
- Tokenization can prevent centralized platforms from unwinding participatory schemes like Uber alternatives once acquired.
Braintrust's Token-Driven Talent Market
- Braintrust is a Web3 talent network where users earn tokens that offer real utility, like moving job applications up in visibility.
- This creates financial value tied directly to platform use and participation, lowering traditional take rates drastically.