6 Web3 Investment Principles Inspired by Lin-Manuel Miranda

Modesty and Focus on Impact Projects

Despite the global success of “Hamilton”, Lin-Manuel Miranda maintains a modest lifestyle. In the world of cryptocurrencies, this translates to focusing on blockchain projects with the potential for real impact, rather than seeking quick profits. Web3 investors can learn to prioritize projects with strong technological fundamentals and clear use cases, rather than getting caught up in momentary hype.

Build a Solid Foundation Before Investing

Miranda avoided debt in her early years, which initially made it difficult to build her credit history. In the Web3 ecosystem, this resembles the importance of first educating oneself on the fundamentals of blockchain and cryptocurrencies before making significant investments. Investors should take time to understand the underlying technology, tokenomic models, and associated risks before committing capital.

Seek Advice from Trusted Sources

Miranda's father has been her main financial advisor. In the crypto world, this underscores the importance of seeking information from reliable sources and respected analysts in the blockchain space. Web3 investors should build a network of expert contacts and use on-chain analysis platforms to make informed decisions.

Using Digital Assets for a Purpose

Miranda sees money as a tool to achieve greater goals. In Web3, this translates to using tokens and NFTs not only as speculative investments but as tools to participate in the governance of DeFi protocols or support blockchain-based social impact projects. Investors may seek staking or farming opportunities that contribute to the development of the ecosystem.

Prioritize Long-Term Impact

Miranda's focus on long-term projects aligns perfectly with the philosophy of many blockchain projects that aim to transform entire industries. Web3 investors must assess the potential of projects to create sustainable long-term value, beyond short-term price fluctuations. This may include investing in blockchain infrastructure, scalability protocols, or interoperability solutions.

Philanthropy and Community in Web3

Miranda's generosity is reflected in her philanthropic efforts. In the crypto space, this manifests in active participation in DAOs (Decentralized Autonomous Organizations) focused on social causes or in contributing to open-source projects. Web3 investors may consider donating a portion of their profits to blockchain initiatives that promote financial inclusion or environmental sustainability.