CoinMarketCap published this video item, entitled “do VC’s own WEB 3? [ The Truth About Web 3 ]” – below is their description.
Is Web 3 truly decentralized?
When I think about Web 3, I think about more transparency, more democracy. I think about Web 3 changing how we conduct business, I think about DAOs, proper governance. think all the doors web 3 can unlock, and the possibilities.
But maybe it’s all BS.
As Elon Musk himself said, Web 3 is “more marketing than reality”
After all, if a few wealthy individuals or private firms own more than 50% of a protocol’s equity or tokens, it’s not exactly decentralized, is it?
Ever since Jack Dorsey put a tweet calling out VC’s meddling in Web 3, it got a lot of people wondering: Is Web 3 truly the future of the internet. What we all hope it’s going to be, a fully decentralized network. Or, it’s just the exact same people, pulling all the same strings and nothing is changing?
Let’s find out:
0:00 – Is Web 3 Truly Decentralized?
1:18 – What is Web 3? A Primer
2:18 – Venture Capitalists in Web 3
3:05 – Messari, VC and Web 3
5:20 – Sushi Swap vs. VC’s
7:04 – The Truth About Web 3
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