Do you think web3 is a trend towards internet socialism?
I feel very conflicted. On the one hand, I see the potential of web3 to disrupt the monopolies within finance, media/art, and social media, meaning that new companies (or DAOs) can finally capture a larger market share, creating a fairer overall market. On the other hand, DAO structures resemble what I imagine a digital implementation of socialism would look like. Now, this isn't *necessarily* bad; it's certainly interesting that regular internet users can now own a piece of their favorite services. But is this really the only viable future? Will random token holders govern every single web3 service? I also struggle to see the incentives for building a complex decentralized platform if the primary business model is comprised of faulty tokenomics, especially play-to-earn, or if protocol revenues are immediately redistributed.
What is an ERC-1155
So you’ve dived into the world of crypto, and stumbled across a bunch of different terms starting with “ERC”. ERC stands for ‘Ethereum Request for Comment…
EVM Gas Cost Estimator — Final Report of the Stage Ⅱ
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