and wondering if the one-true solution exists at all. What they fail to understand is that innovation is a process of novelty search and consequent discovery, not a multiple-choice exam with one right answer.
There can be no sustainable financial services without a real operating economy. GDP must be generated through productive work and plugged into commerce for utility-generating exchange. People make things and other people consume them. Traditional economies allocate about 10-20% of GDP to their financial sectors, and Web3 should be no different. Some of that productivity will come from digitizing and tokenizing products that address real world demand, integrating legacy economic activity.
Artificial intelligence now adds the capability for machine systems to generate valuable labor at machine scale, to be wielded by self-sovereign punks and their DAOs. Adoption of AI empowers people to build, just like Web3 empowers people to self-custody and maintain privacy and control. DAOs may yet become autonomous.
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