Box CEO Aaron Levie on where web3 doesn’t make sense – TechCrunch
It’s been a rough week for the crypto community as top tokens have seen massive selloffs, pushing some in the space to double down while leaving others to take stock off how the industry got to this point and what widely accepted truths need to be reevaluated as the crypto internet matures. T…
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Agreed - they literally hand out tokens when you attend certain events in London and I honestly think most people completely forget about them. If it's not something they've actively committed to, it's just like owning any old freebie you're given at a networking event.
Right, exactly, and startups end up with the wrong kind of customer, all of whom are uncommitted owners with a stake in their company, regardless of their actual commitment or interest. I think Levie is right to question whether these businesses are over-estimating the consumer demand for ownership - commitment isn't real if it's purely transactional.