Web3 Era (eBook)

DAVID SHIN was the Global Group Head at Klaytn, a Forbes Blockchain Top 50 company and the blockchain arm of Korean internet company Kakao. He is currently overseeing business development in EMEA and Asia for Immutable X, a well funded Australian web3 game and NFT startup. He has also previously held the roles of Head of Exchange at Bitcoin.com and Head of TZ APAC, an adoption entity supported by the Tezos Foundation.

Introduction ix

1 Rise of the DAOs 1

King for a Day 5

Does Your Vote Really Count? 8

What a Wonderful, Trustless World 10

Why the First DAO Had to Fall 13

New-Age Tribes 15

2 When the World Becomes Your Village. . . 19

When We Left Gold Behind. . . 27

The Corruption of Trade 30

Decentralized Trading, Reputation Tokens, and the Death of the Irresponsible

Influencer-Marketer 32

Can't Buy Me Love. . . 35

3 The New Centralization 39

Who Owns the Fed? 42

To Teach the World to Sing in Perfect Harmony 46

Central Bank Digital Currencies and Data Collection 49

Is Anything Real Anymore? 51

You Can't Always Get What You Want. . . 55

4 Tower of Babel 2.0 61

Lost in Translation 66

The Language of Progress 68

The Byzantine Generals Problem 72

Creating Consensus and Spreading It 75

The Antichrist is Coming 77

5 Soul Beyond Face Value 81

Digital Gangsters' Paradise 86

The Angry Face Algorithm 91

It's a Long Road From Rakhine 95

If You Tolerate This Then Your Children Will Be Next 98

Your Soul Defines You 100

6 Back to Africa 105

We are Family? We are Françafrique 113

The Last Colonial Currency 117

The African Union? 120

The Last Digital Frontier 122

7 The American Way 129

The United States of Isolation 137

The Fall of the Petrodollar 140

Defeating the Dollar 148

The New Bretton Woods 154

8 When We Meet in the Metaverse. . . 159

Beyond the Planet of the Bored Apes 163

When Worlds Collide. . . 170

A Meaningful Place 177

9 Of Builders and Villains. . . 185

Walking on the Moon: The Rise and Fall of Terra LUNA 190

Sex, Drugs, and Balance Sheets: How a Bunch of Kids Created and Destroyed FTX 201

Speculation, the Language of Fools 211

10 The Nature of a Nurturer: Reflecting on the Klaytn Journey 215

A Blockchain to Connect All Blockchains 220

TPS is King 225

Building on Top of The World's Blockchain 227

Shared Governance of a Shared Ecosystem 229

11 A Brave New World 235

I'm Still Walking, So I'm Sure I Can Dance 240

The First Days are the Hardest Days 243

You Speak My Language 247

Index 253