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Meanwhile, developers are sweeping Web3 under the rug, treating it as a layer in the tech stack rather than a defining feature.

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Its composable structure allowed developers to build derivative projects, games, and economies around it without needing approval or input from the original creators.Other recent innovations born in the arena of digital asset ownership include Ethereum standards ERC-6551, ERC-4337, ERC-404 andsoulbound tokens(SBTs).

ERC-6551 introduced tokenbound accounts, allowing NFTs to act as their own wallets.

ERC-4337 delivered account abstraction, enabling customizable wallets that enhance security and usability without relying on centralized custodians.

ERC-404 combined the features of fungible and non-fungible tokens, to offer flexible ownership of both unique and divisible digital assets.

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If we want others to get onboard with our vision, we need to develop experiences that demonstrate the benefits of digital asset ownership from the get-go.The author holds a number of cryptocurrencies, including Web3 gaming-related tokens such as YGG, RON and SAND, and is an angel investor in 15+ Web3 startups.Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc.

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