The Pivot to Web3 Is Going to Get People Hurt

  • There are, suddenly, Web3 media companies, Web3 advertising firms, Web3 studios, Web3 marketing tactics, and Web3 publishing networks.

“It’s like a collective Theranos. A wildly unproven product with nobody at the helm,” one venture capitalist said.

“If there is any innovation in crypto assets, it’s not in software engineering but in financial engineering,”

“Web3 proponents are trying to solve real problems that need solving. I just don’t think that Web3 is the solution,” he said. “It doesn’t make sense to me as a programmer.”