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Chris Dixon thinks web3 is the future of the internet. Is it?
Decoder with Nilay Patel
Web Three
Anarea: I'm doing a lot of stuff in elay related to web three. One idea i'm really excited about is what we call decentralized content creation, decentralized story telling. Ind lislapato will kill me if i don't ask you about the investment into golabs and board a yacht club. You invested 450 million into ugolabs. We didn't. That was the total round. Let us use four or 50. That's all the investors. For the standard sort of venture model,. You want ten to 30 extra turns for a hit. That implies that you're going to get 4-5 billion dollars back. What do you see that generates that valuation when
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