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They are big enough that they basically make the market in venture. The fact that even they couldn't force much interest in web 3.0 should tell you what a bad idea it really is.
They are huge but only like 4% of the entire VC market so not necessarily enough to substantially move it?
The whole NFT craze was embarrassing and very revealing about what powers a lot of people's belief in crypto.
Indeed, for certain use-cases Bitcoin is competing with Christies too: a lot of the fine art market is actually about storing and moving value. Not about the art.
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Everyone who was trading monkey JPEGs has moved on to claiming that they can replace your staff with an LLM.
Except for a16z who are multi-track-grifting with both at the same time, and trying to find ways to put crypto in AI, or AI in crypto, or something.
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Everyone who was trading monkey JPEGs has moved on to claiming that they can replace your staff with an LLM.
I have no idea what the former has to do with the latter. NFTs were a scam (I think the same about crypto more generally, but know that's a more idiosyncratic belief). LLMs are not. Is your point that LLMs are overhyped? Everything is overhyped. That's not what distinguished NFTs from previous hype cycles; the fact that there was literally nothing there is what distinguished it.
I know at least 2-3 people that fit that profile.
NFT's continue to draw many talented artists. The scene is thriving.
The whole NFT craze was embarrassing and very revealing about what powers a lot of people's belief in crypto.
Earlier quoted context omitted.
Except for a16z who are multi-track-grifting with both at the same time, and trying to find ways to put crypto in AI, or AI in crypto, or something.
What is a16z?
$46B under management, so one of the larger players.