The Web3 Era

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

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.