If you’re still in doubt of the future of web3 it’s time to check your ego. Too many smart and well capitalized builders in the space for it to be a fad. Follow the $$$ but more importantly follow the brains. Congrats @amytongwu and @SBF_FTX
2/ We’re launching FTX Ventures today, a $2B fund for builders, by builders. We’re excited to support great teams across crypto, web3, and more. If you’re excited to work with @SBF_FTX, @ramnikarora, @armaniferrante, @ajm_alameda, J, Brian Lee+, hit us up!
https://t.co/ZPiG1t0KkZ
There will always be a population that prefers a turnkey product. It’s the same population that prefers mutual funds over stock picking. Centralization by proxy doesn’t invalidate/compete with decentralized tech. They serve different purposes.
“It seems like we should take notice that from the very beginning, these technologies immediately tended towards centralization through platforms in order for them to be realized, …, and that most participants don’t even know or care it’s happening.”