Application Layer Challenge and Big Opportunity That Comes With It

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web3 with a16z crypto

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Application Layer Challenge and Big Opportunity That Comes With It

A lot of the promise of web three comes from the idea that we're going to enable people to use the inter operable layer, that is the block chain. But for all this to work well, we really need the transaction cost of the layers to be low and consumer technology around the block chain to be much, much more accessible. And so there's a ton of design at the consumer access level that we don't normally think it was part of the technical challenge, but it's very much part of the economic design challenge. Yet we can all ti in with other interesting problems at each layer, and we get to sort fto take it from there.

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