Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet.
Andreessen, better known today as the co-founder of the blockchain-focused venture capital firm Andreessen Horowitz (a16z), originally found success by developing the first widely used web browser called Mosaic, and then founded Netscape Navigator which dominated the browser market throughout much of the 1990s.
Appearing on the Bankless podcast alongside investment partner and colleague Chris Dixon, Andreessen said that increasing adoption and a flurry of development in Web3 appears remarkably similar to the rush of activity that marked his early years in tech.
Andreessen stressed that he would not make this sort of sweeping comparison idly and that it was the first time he’d ever made such a claim.
“This is the only time I’ve ever said this [Web3] is like the internet. If you go back through all my historical...
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