Re:Announcing a16z crypto research
by venatiodecorus on Thursday April 21, 2022 @09:09PM
(#31117113)
> I think this would be much more successful without NFTs
I think a big part of some of these new projects is that their payment systems are powered by crypto, allowing them to operate completely outside the traditional financial system. To simply say, why not do this without crypto/blockchain, is ignoring a major facet of these systems.
Some of these players may never have been able to secure a bank loan, or one big enough to start their project/service. Or they would never have been able to reach their audience so easily. Or they'd be beholden to a much smaller group of backers.
I think a big part of some of these new projects is that their payment systems are powered by crypto, allowing them to operate completely outside the traditional financial system. To simply say, why not do this without crypto/blockchain, is ignoring a major facet of these systems.
Some of these players may never have been able to secure a bank loan, or one big enough to start their project/service. Or they would never have been able to reach their audience so easily. Or they'd be beholden to a much smaller group of backers.