Mainstreaming NFTs: Use Cases, Art, More
web3 with a16z crypto
00:00
Crypto Is the Only Credible Countervailing Force to the Increasingly Monopolistic Power of These Incumbents
A key question I think about kind of the power consolidation in tech is network effects are an incredibly powerful force. A key difference with crypto and as punk was saying, and open C is the network effects accrue to a community instead of to a company. Because of that, open C is just similar to sort of an email provider. An email provider like Outlook or Gmail, they don't control the network. They provide access to it. And that's a very important concept for analyzing kind of monopolistic power on the internet. The blockchain crypto web three movement is the only credible countervailing force right now," he says.
Transcript
Play full episode
