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A16z Crypto’s Chris Dixon on How Blockchains Can Save the Internet - Ep. 601
Unchained
Trust Ownership in an Uncertain Digital Landscape
NFTs, having been developed over the past four years, showcase a transformative concept that encapsulates ownership across various domains, including digital avatars, art, gaming items, social media identifiers, and physical deeds. This innovation hinges on the reliability of digital commitments, which traditional corporate platforms like Google have historically failed to uphold, often altering or shutting down services at their discretion. This inconsistency underlines the fragility of corporate promises, given their fiduciary obligations. Conversely, blockchain technology offers a robust alternative by inverting the power dynamics between software and hardware, empowering users to trust digital commitments over time and across multiple areas, thus establishing a more stable foundation for ownership and trust in the digital landscape.
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