“Web3 was a washout.
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“Web3 was a washout. AI isn’t delivering returns. What’s next for venture capital? Andreessen Horowitz (a16z) want you to believe the next lottery win explosion will be … anime!” https://pivot-to-ai.com/2024/09/24/a16z-picks-the-next-tech-hype-after-web3-and-ai-its-anime/
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@stilgherrian story protocol and azuki are two projects that think of cultural production as fundamentally and only about brand-building. fiction and film only exist to create monetizable "cinematic universes" and spinoff/licensing economic platforms. it's really NFT 2.0 in a lot of ways-- the hype was just the jubilee of a new building block for those platforms.
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@by_caballero Thanks. This definitely does not surprise me.
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@stilgherrian it took me a while to realize why NFT stuff was so interesting to business people from diverse industries, and diverse corners of the culture industries. it's like fintech for brands. i don't recommend investigating the topic further but it feels good to rant about it for some reason because very few people in the web3 world think about these things lol