Web3 is self-referential in the extreme. The value of the tokens is expected to grow as everything is to become more liquid and interconnected: tokens from one DAO will be valuable in another; more activities will be fractionalized; more institutions will turn into DAOs; more objects into NFTs...
Of all the promises made in the name of Web3, two stand out as particularly radical and democracy-enhancing. First, some expect it...
"DeFi and ReFi cannot ever make a long term difference in cutting the cost of financial intermediation unless they actually synthesise trust. But trust is inherently entangled with the human condition and human agency."