FUD FAQ | A Weekly Community Thread | Week 66
FUD FAQ | A Weekly Community Thread | Week 66
Top Question of the Week
• What’s the alpha on how to build in the bear? And how’d we get to seizing the memes of local microfactory production, distribution, and coordination?
At first, about 5 or 6 years ago, I used to think (like almost everyone else) that web3 meant open money, personal ownership & really complicated tech.
After diving in deeper and getting burned a few times, I understood better that web3 is really a lot more about how we use it.
For me that led quickly to fashion, because it includes so many of the most interesting, useful, and powerful goods, tools, and accessories everyone owns. Of course, then I wondered how fashion can be *literally made* in a better way, using web3. Through the use of decentralized and openly accessible microfactory production methods, and every other element needed in a comprehensive web3 fashion ecosystem. From there, it quickly became how asking and working on how anything can be *literally made* better using web3. What can change about where it’s made? How can we help it all get from place to place better?
Finally, how can more people buy everything we each make, directly from each other as much as possible, while making use of the full power and principles of web3 — self-determination, continuous self-improvement, and creative cooperation. All secured by that super advanced tech that isn’t quite as complicated anymore.
That brings us to where we are now. MFing like a MFer. Micro Factory-ing… you know the rest?
Most Common Repeat Question
• So, what is DIGITALAX building in the bear?
We’ve spent the past (almost) 2 years completely dedicated to building out open web3 infrastructure for all things fashion production (and related).
During this bear we are ramping things up even further with Layer X and metaverse microfactories — including IRL + virtual creator co-ops.
Some of the components of this build out have been in the works for over 7 months and are now being welded together.
In the meantime, on this day celebrating the idea of American freedom and independence, let’s keep building real self sovereign mechanisms for all.
Top Controversies
Do they really think that all of this won’t come back to bite them one day or likely very soon? And what’s with patent fomo anyway… when will they get the memo that locking down who can and can’t have access isn’t compatible with web3.
Silly Fails and Trolling
This week, the 3AC drama continues, as they filed for bankruptcy in NY. Schadenfreude aside, it shows once again how much actual, transparently on chain decentralisation really matters. All these quick and entirely unsurprising collapses of CeFi + kinda sorta but not really DeFi platforms and funds reinforces how much the real value remains in those who build mechanisms beyond “don’t be evil” to “can’t be evil”.
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