Welcome to the very first episode of NextMeta - a merge/rebrand of MetaView & Frontiers of Coordination, along with Realizing MetaGame (newsletter) coming next! In this episode of NextMeta, peth sits down with David Phelps, co-founder of JokeRace and a prominent figure in the crypto Twitter space. David's candid and humorous takes shed light on the evolving landscape of Web3. Topics discussed: - David's background - The evolution of DAOs - The "Proto App Thesis" - Challenges with token-based voting - The role of social incentives in retaining users beyond financial incentives - The divide between the crypto-native audience and those who genuinely need decentralized financial solutions - The importance of scalability, UX improvements like embedded funding, and interoperability in Web3 adoption - The Proto-App moat "You lose some moats, but you gain others. And it's quite exciting to think about how that can play out at an application level." "We need to think about the tech and what is morally good. And the angel on our shoulder is basically telling us that we should ignore financial incentives, that the people in the Philippines who need to make money and are like using these protocols to make money are not the people we should appeal to and that we should somehow be above all of this." Mentioned projects and links: JokeRace Eigenlayer The Proto-App Thesis Bello Warpcast Monad Celestia Intro music by https://audionautix.com