"The Web3 ecosystem is incredibly diverse on many dimensions, on the types of problems being solved, locations of the teams, economic models they’re employing, and more. That the Web3 stack is coming together despite the fact that there isn’t a single logically centralized entity coordinating the whole thing is remarkable. However, this also means there is a lot of entropy in the system, and as such it’s difficult to understand the higher-level themes. In this essay, I distilled that as follows:
The greatest challenge in the transition from Web2 to Web3 is the transition from systems in which all three vectors of centralization - logical, architectural, and political - have been bundled to systems that are logically centralized but politically and architecturally decentralized."