William S. Burroughs once said, “When you stop growing you start dying.” So are these numbers just a blip? Or are we at an inflection point for social media?
One of the world's most high profile Venture Captial funds has announced a new $4.5BILLION Web3 investment fund, right as the bottom drops out of the NFT market 😫 Whilst emotional wrecks like me cower in the corner, those cray-cray finance guys are busy investing like gladiators ⚔️
It’s been quite the month for NFTs, Crypto and Web3 in general. Valuations have been dropping like flies, and many crypto enthusiasts have lost their life savings 😓 But instead of walking away from the current dumpster 🔥 of Web3, I’ve decided to double down with this Content3 weekly newsletter 🏋️
And although we are still in the wild west phase of Web3's evolution, best practice is emerging from these early pioneers, as well as from early expeditions across the broader NFT space. So how are these entrepreneurs ensuring they build projects for success, and avoid the potential pitfalls?
It seems blindingly obvious that upgrading YouTube's product so that talent can issue their own NFTs could be a game-changer. With 2bn active users per week, uptake of Web3 by such a behemoth would likely be transformational.