Equal Opportunity to Ownership

Equal Opportunity to Ownership; this should be a founding ethos for Web3 and the metaverse.

A word on ownership and participating in capital markets.

Distributed ownership is the new economic vehicle of abundance. It isn’t digital labor (sorry, P2E movement). AXS sales on Binance Launchpad created opportunity for 11% of ownership to the community (now worth 3.6B fully diluted). As the network effects of Axie grow, the value flows to the AXS token (ownership) not the SLP token (labor). Bitcoin and Ethereum have “worked” for years towards the decentralization of their ownership. And yes, Bitcoin and Ethereum still have their whales. It is not the aggregation of ownership that worries; it is the opportunity to access it at a low price. For Bitcoin it was network on ==> anyone can jump in. Infinite participant space.

On Ezra Klein’s podcast he discussed with Katie Haun (of a16z) this lingering notion that decentralized platforms are just another way for power and capital to coalesce around single actors; sure these new elites aren’t tech firms or nation states but it is still the same mal-distribution of capital. Technology has a way of creating big winners.

A more equitable economy creates many small winners, instead. Access and participation are the name of the game now, not centralization and redistribution. These are network effects we’re talking about.

Lately, whether it’s mega-projects Solana or Axie Infinity, it seems that certain dollars are getting preferential entries on what could be open, market-priced goods.

Please don’t misunderstand. Private actors transact however they please. But when building for Web3 and the metaverse, consider the more equitable approach that Cryptoraiders took with their economy launch plan: set a price, release tokens and let the open market decide. Pretty easy and there’s an infinite space of participants. Equal opportunity of ownership. This is vastly different than distributing 170M SOL before opening the gates (CV 25.5B, MCAP 77B). Zero bitcoin was distributed beforehand.

Meanwhile, Sky Mavis is taking huge sums of money to build out their development. Is there a reason this couldn’t have been a tokenized offering to the public? Someone drop some knowledge.

Why don’t VC’s adopt an “alongside you” mentality? Equal opportunity ownership.