OpenSea‘s Central Position Contradicts the Dezentralization Argument of Crypto

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Open sea is the dominant market place. Almost every ap relies on their a p is, and they're going to sit at the centre of it. I see the exact same thing happening abobe three. all the challenges we've talked about, whether it's climate or use or experience or security or whatever, a regular person does not want to think about that. They do not want to take any of that risk unto themselves. An emerging reality, in a real criticism here, is that at the end of the day, andreson orwits are going to invest a musha company control the user experience for a lots of people.

Chris Dixon leads crypto investing at the storied Silicon Valley venture capital firm Andreessen Horowitz, or a16z. He’s responsible for leading funding rounds for Coinbase, which went public about a year ago, the NFT marketplace OpenSea, and Yuga Labs, which is behind the Bored Ape Yacht Club among others. He is also a prolific user of Twitter, where he posts lengthy threads about crypto and web3. He is at once one of the biggest investors in the space, and its biggest booster.

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https://www.theverge.com/e/22784768

Credits:

Decoder is a production of The Verge, and part of the Vox Media Podcast Network.

Today’s episode was produced by Creighton DeSimone and Jackie McDermott and it was edited by Callie Wright.

The Decoder music is by Breakmaster Cylinder. Our Sr Audio Director is Andrew Marino and our Executive Producer is Eleanor Donovan.