> The goal of the web, as it was invented. was to allow decentralized content access via hyperlinks. That vision is essentially dead. Content is now an index on

> The goal of the web, as it was invented. was to allow decentralized content access via hyperlinks. That vision is essentially dead. Content is now an index on a database behind a walled garden. This is a hard truth that web3 will have to face: centralization happens naturally in decentralized systems. As a recent web3 example, when twitter teased the idea of verified NFT avatars, half the comments were saying things like that they should piggyback on OpenSea verification so that people don’t just re-mint other people’s NFTs. OpenSea has taken investment a $10b valuation, to me that implies that the people financially backing web3 think they’ll be able to extract rent by being a central player in it.