This just doesn't sound convincing at all.
According to its evangelists, Web3 is supposed to revolutionize by decentralizing it with the help of blockchain technology.
"It's injecting at a very fundamental level, internet-native money and... economic incentives to a system that simply hasn't had that," Andreessen said, a rather evasive answer that clearly didn't satisfy Cowen. Proponents of Web3 have often argued that the average netizen will be able to benefit from a decentralized system that won't depend on corporations enable transactions.
In the case of cryptocurrency exchanges, companies like Binance and Coinbase have already greatly benefited from scale and marketing budgets.
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