The reason you see this is that the entire “web3” landscape is controlled by VCs. Also the underlying infra this stuff is running on isn’t very decentralized at

The reason you see this is that the entire “web3” landscape is controlled by VCs. Also the underlying infra this stuff is running on isn’t very decentralized at all and with proof of stake it likely never will be. If you want true decentralization you’re going to need a combination of Bitcoin/Lightning Network/side chains to recreate a lot of what has been built out on other more centralized platforms. But VCs don’t want to fund this because there’s way less potential upside for them.