‘How Can Information Be Free but Expensive?’: Holly Herndon on Web 3, Art and the Future of IP

The point being, all these institutions need funding, all these middle entities. It’s become quite common in crypto to parrot the same kind of liberatory promises of a Web 2, where you’re borrowing again from the romance of the independence economy. It’s like, no, no, no. The opportunity here is to rebuild lots of different competing institutions. I don’t want there to be just one, and I don’t want everyone to be atomized. But we need these scenes and factions to be established again, and that’s absolutely happening.