Web3: the new paradigm for work and money
Evolution
Trust was the keystone that enabled evolving human consciousness and human collaboration to build social systems and cultures. This enabled humanity to progress from family units to clans to tiny tribes to independent citizens in cities to global web citizens.
Language was the binding product that held social agreements and allowed trust to be built on top of existing systems. This allowed the concept of work, social standards, and the structure of political and financial institutions to evolve alongside new languages.
The combination of language and trust resulted in the creation of technology, starting with hunting gear and crafting tools and in today’s world its Blockchains.
Blockchain
Blockchains are a type of tools part of the software family designed to innovate the financial wall garden with immutable transparency and serves as the foundation for a decentralised community of autonomous citizens. Coding trust on-chain gave rise to a new set of cultures and forms of governance maintained by a borderless community of believers who run and update the software.
This self-governing system of self-managed individuals created a sort of geo-political border where users, rather than being assigned at birth to one system, can opt to take part in as many blockchains that align with their values and incentives.
In the permissionless internet of blockchain (web3) anyone can build on top of existing solutions with smart contracts, a programmable language stored on the blockchain. It enabled rapid scaling of innovation, with all of its benefits and drawbacks.
Cryptocurrency
Because users are given the option to make non-binary choices, cryptocurrency became more than a speculative asset linked to its purchasing power. It enabled token holders to be part of a project’s decision making process, as well as owning a fractionalised share of its future success. This radically changed the value of what cryptocurrencies are and what they can do for businesses, their owners and the market when HODLd, leveraged or traded.
DeFi
In a Decentralised Financial (DeFi) system, cryptocurrencies help users discover more businesses linked to their interest based on the currency they own and the blockchain they choose to operate in. Automated Asset Managers (AAM), sophisticated financial tools native to DeFi, are able to index impactful ventures and interface users to trades that have sustainable APY.
Web3
Web3 enables access to a complex ecosystem suitable for the borderless natives and open source culture. It restores meaning to money as it offers alternative work modalities and helps users connect to communities, business and trade based on the values they initially bought in.
What is Cargo?
Cargo automates the management of funds in pools so capital is guided to the greatest yield safely whilst adjusting when the market swings.
Overtime, pools can become an index for impact, so that businesses can put their money to work in meaningful ways.
What this means for individuals is they can select from a vast array of investment products that match their lifestyle. And for funds, they can leverage their Treasuries to help attract users to vested projects who are aligned with their values.
Money is a token of our work, staking time and attention to mint it so let’s not waste on frivolous stuff.
