>“Bitcoin and Ethereum don’t have organizations behind them let alone marketing budgets, yet are used, owned, and loved by tens of millions of people.”

This is an extremely inaccurate statement by them, wow. I feel like if nothing else it's impossible to have anything to do with Ethereum without hearing about the Ethereum Foundation. The majority of projects built on top also have their own organizations. There's also most definitely marketing.

I even like the idea of NFTs and think there's a lot of cool things to be built on the blockchain, some of which already have working early versions. This, however, is clearly a puff piece by a16z that doesn't even try to present an accurate picture.