Chris Dixon, the founder of Andreessen Horowitz’s (a16z) crypto arm, said the venture capital firm sees Web3 and cryptocurrencies as having the ability to disrupt the power imbalance created by big internet companies such as Facebook and Twitter.
In an interview on FT’s Tech Tonic podcast, Dixon said that power on the internet is currently held by a small group of companies.
“I don’t think this is a good outcome,” Dixon said. “The idea of having the internet controlled by five companies is very bad for entrepreneurs and bad for VCs.”
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