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0 sats \ 0 replies \ @timechain 17 Feb 2023 \ parent \ on: Zion Has Launched Their Web5 Creator Network bitcoin
Web 3s sell decentralization, but it's really just web 2 plus a token VCs are dumping on retail. It's a funding mechanism searching for a usecase. Web 5 has no blockchains whenever possible. If one is necessary, they use bitcoin's instead of making a new one. This misses the opportunity to pump and dump a token, which has become the favorite new type of venture for Silicon Valley VCs, because they don't have to wait for a project to become profitable. Since Web5 can't make money off of a new token, they must create a product that provides the market value.