The Unstoppable Grift: How Coinbase and Binance Helped Turned Web3 into Venture3

This is a follow up to the previous post on how Coinbase returns underperform:

https://startupsandecon.substack.com/p/you-dont-own-web3-a-c...

Web3 was always Venture3, or rather Racket3, the whole community and utility aspect is a cover for selling cryptocurrencies, especially altcoins. There are no Web3 projects most people would use or replace existing products and services with.