Part I: Web3 is wounded. Healing it starts with its communities

One of the most promising and exciting aspects of the crypto/web3 movement, in my opinion, is the ability to bring people together, at scale, based on either common interests, geography or philosophies, and enabling them to form communities in which they are incentivized to build, own, control and govern what they build. Blockchain technology and cryptocurrencies strengthened what I call the ‘community platform’, which I also believe is the next big platform for founders to build on.

However, given the never-ending scams, hacks and manipulation that have plagued the crypto and blockchain space since inception, it would be blind optimism or crypto fanaticism not to question whether this movement, and the revolution it promised to deliver, one I was once excited about, will ever materialize. What was once a movement that sought to unlock the full potential of human collaboration through enabling participation of the masses in developing and owning the technologies they use, has been usurped by those whose sole concern is finding the best ways to exploit people for fast accumulation of personal wealth. What can be done to fix what is currently broken or even prevent it from happening again in its current form?

This is the first installment of a series of post where I will reflect on the state of web3, through a community lens, and from my own adventures in web3 communities.