Are Web3 ‘Communities’ Vapid or Authentic?
The crypto world, we are told, is brimming with “communities.”
There are Bitcoiners, Ethereans, the Dogecoin army, LINK marines. There are communities around NFTs, like Bored Apes, CrypToadz and JPEGS of rocks. There are communities around complex financial instruments like Compound, Aave, and the algorithmic stablecoin Terra. There is even, somehow, a “community” around Tether, presumably for fans of the stablecoin and its dubious dollar reserves.
At first blush, it is hard to square these “