Re:Web3 is just a fresh serving of the same old crypto nonsense
by yieldcrv on Thursday July 14, 2022 @05:20AM
(#32093781)
> Is web3 still a thing?
Yes, it is.
> Isn't it crashing and burning together with the value of blockchain crypto coins it's nebulously tied to?
No, it's not.
Across all markets, the primary markets are doing okay. (just okay though, in the sense that new ventures are getting funded, new bond issuances are getting subscribed, new NFT series are getting launched just fine, new cryptos are bought up, venture and hedge funds getting large amounts from limited partners). The secondary markets are puking everywhere, and thats what people see with the charts and headlines. But that doesn't matter for the entrepreneur, they already got people's money, in the web3/crypto-space some of the builders actually use that money to develop something and subsidize their time to push for protocol improvements that do make crypto-everything incrementally more usuable, just in time for the next bubble with a larger population.
Yes, it is.
> Isn't it crashing and burning together with the value of blockchain crypto coins it's nebulously tied to?
No, it's not.
Across all markets, the primary markets are doing okay. (just okay though, in the sense that new ventures are getting funded, new bond issuances are getting subscribed, new NFT series are getting launched just fine, new cryptos are bought up, venture and hedge funds getting large amounts from limited partners). The secondary markets are puking everywhere, and thats what people see with the charts and headlines. But that doesn't matter for the entrepreneur, they already got people's money, in the web3/crypto-space some of the builders actually use that money to develop something and subsidize their time to push for protocol improvements that do make crypto-everything incrementally more usuable, just in time for the next bubble with a larger population.