Since then, the FWB community has doubled in size, contribution rates have increased by 7x, and team size has surpassed 31 core contributors, all while maintaining high levels of efficiency and vibes.
Here’s how FWB functions today.
This organizational framework ensures we are all rowing in the same direction while still harnessing the agility that tokenized internet communities are primed for.
In Web 3, while ownership is decentralized, the best decision making isn’t.
The success of Web 3 governance models doesn’t seem to lie in a thousand people making a thousand decisions, but rather a thousand people electing a small group of leaders to make decisions for them, and supporting those leaders through usage, distribution, and feedback.
In Web 2 corporate entities, the feedback loop from leadership and users are outweighed by the fiduciary responsibility between leadership and corporate stakeholders.
Now, the power dynamic has shifted in favor of the community member, who are incentivized via their token ownership to honestly evaluate the merits of leadership's efforts and to hold those leaders accountable through governance and election processes.
For now, FWB sits somewhere in between a digital co-op, a Web 3 startup, and an internet city that is best run as a representative democracy.
If you’re looking to contribute to FWB, please reach out at firstname.lastname@example.org. We’re constantly in search of great leaders and builders.
And thank you to all the recent conversations that have helped shaped this latest chapter: Cooper Turley, Nabeel Hyatt, Laura Jaramillo, Jose Mejia, Frogmonkee.