Web3 has plenty of money going for it — well, yes quite a bit less than a few months ago — but it’s still hard to argue that mainstream consumers have lined up to embrace web3 internet services. There have been some flash-in-the-pan hits so far, but investors are still searching for consumer use cases that make the most of blockchains, tokens and NFTs, beyond just trading them.
Andreessen Horowitz (a16z) GP Sriram Krishnan believes the incentive structures of web3 makes the space a natural fit for social networking, he told us on the latest episode of TechCrunch’s crypto podcast Chain Reaction. Krishnan has ample experience at web 2.0 social networking companies; he’s served as an executive at Twitter, Facebook and Snap before joining a16z, which notably just debuted its latest $4.5 billion crypto fund.
“People ask me, ‘What is the thing that you’re spending a lot of time on, that you’re really interested in?'” Krishnan says. “I think the intersection of social media and web3 is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...