Does Web3 have the potential to reinvent character-based I.P.? Cuy Sheffield thinks so, and makes a thought provoking argument on a16z’s Tech Trends blog. Great character-based I.P.–e.g. Marvel, Star Wars, Harry Potter— succeeds at building gigantic, engaged fanbases. (It also succeeds in lining the pockets of a select few companies.) If Web2 enabled fans to easily invest in these characters (i.e. buy stock in Marvel Entertainment), why can’t Web3 enable fans to easily participate in—and profit from— their creation (i.e. through an ingenious DAO)?

Signal Flares is a series of microblog posts that cover compelling trends in Web3 and Food.