>What would be its building blocks? IFPS, Activitypub, XMPP, Matrix? but more importantly what would be the governance and incentives that would prevent it from

>What would be its building blocks? IFPS, Activitypub, XMPP, Matrix? but more importantly what would be the governance and incentives that would prevent it from rapidly degenerating as with all other versions. Everything you listed is Web3 in my opinion. I don't think the idea is to put everything on Ethereum. It's to provide niche but critical services like DNS, identity/auth, and some connecting governance logic to other federated/distributed systems.