Noted venture capital firm a16z has released its inaugural State of Crypto report, which includes Web 3 trends and addresses the underlying cycle in the crypto market. By BrandyBetz
, when digital assets were climbing out of the 2018 crypto winter. Later, bitcoin reached a new record high in December 2020.
“I think at the high level for us, Web 3 is the term for the movement whereas crypto is the underlying tech that makes it possible,” Lazzarin explained. While Web 2 currently holds far larger user numbers, the upstart rival wins in terms of payouts. Overall, Web 3 paid out $174,000 per creator compared to the $0.10 per user for Meta, $636 per artist for Spotify and $2.47 per channel for YouTube.
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