Why has capital become the dominant Web3 from decentralized utopia to speculator casinos?
The article discusses the process of Web3 gradually eroding from its decentralized ideals by capitalism. Originally founded by pioneers in pursuing freedom, Web3 attracted capitalists due to its scarcity, but with the expansion of technology and the flood of block space, its value declined. Complexity and risks hinder users from moving in, the market is controlled by big players, and ultimately deviates from its original intention and becomes a capital-led speculative paradise.
https://t.co/jIVMSPzi0Y