One thing that is confusing most loud supporters of Web3 are VCs and yet:
"It all comes down to the database that sits behind an application. If that database is controlled by a single entity (think company, think big tech), then enormous market power accrues to the owner/administrator of that database.
If, on the other hand, the database is an open public database that is not controlled and administered by a single company, but instead is a truly open system available to all, then that kind of market power cannot be built up around a data asset"
So why are they flowing billions of dollars into this ? If there is no locking what will create outsized returns for them?
If, on the other hand, the database is an open public database that is not controlled and administered by a single company, but instead is a truly open system available to all, then that kind of market power cannot be built up around a data asset" So why are they flowing billions of dollars into this ? If there is no locking what will create outsized returns for them?