This document discusses the factors of production in Web3 compared to traditional and Web2 models. It identifies four factors of production in Web3: 1) physical infrastructure like land, labor, and capital, 2) innovation through entrepreneurship and open innovation, 3) currency such as data, fiat money, information, and stores of value, and 4) social infrastructure to automate trust. It also outlines how the entrepreneurial environment has evolved from managed economies and Web1.0's business plans to more entrepreneurial economies and Web2.0's business models to the future interoperable economy and Web3.0's focus on decentralization and self-sovereignty.

1. Web3 Factors of Production: An Innovator's Journey
Carlton L. Robinson, DBA

2. The Entrepreneurial Environment
4Ps and 4 Factors of Production
Vs
Web3 Factor of Production
1. Physical infrastructure: Land, Labor, & Capital
2. Innovation: entrepreneurship and OI​
3. Currency: data, fiat, information & store of value
4. Social infrastructure to automate trust

3. The Entrepreneurial Environment
ECONOMY TECHNOLOGY DRIVERS
Managed Economy Web 1.0 Business Plan | Organizations
Entrepreneurial Economy Web 2.0 Business Model | Ecosystems
Interoperable Economy Web 3.0 Decentralization| Self-Sovereignty