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Crypto Is Cool. Now Get on the Yacht.



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The difference now, of course, is that no one needs to be convinced that crypto is a good business. It’s already a trillion-dollar industry that has spawned dozens of huge companies, created dynastic wealth for early adopters, and attracted many of the best and brightest minds in Silicon Valley.And when I looked beyond the decadence in New York, I could see strands of Web3 starting to weave themselves into things real people might want.On Monday night, for example, I went to Greenpoint, Brooklyn, to attend a party thrown by Friends With Benefits, a new kind of leaderless crypto-club known as a “decentralized autonomous organization,” or DAO. Right now, DAOs — …

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