Introducing the 2022 State of Crypto Report
a16zcrypto.com
a16zcrypto.com
If you like me are wondering what this sentence means: According to the slide deck, they arrived at $174,000 by taking the aggregate sales of NFTs on OpenSea ("Includes ETH-denominated primary sales...plus creator royalties from secondary sales", says a footnote there) and dividing by 22,400 "creators", which I guess means accounts selling NFTs.
Wow, and after only 14 years! Amazing.
There are a few, narrow applications, but for most, in reality, the hard problems are not technical and cryptos have the same problems, many cases worse than what we have today.
Web3 is a ruse and marketing term