Happy Friday. Instead of adding yet another take to the "IS THIS THE DAY THE SEC APPROVES A BITCOIN ETF??" pandemonium (Spoiler: The answer is maybe, but probably not), I want to take a closer look at a New Year's Day essay where longtime venture capitalist Fred Wilson shared his predictions for the coming years. His primary focus was on the fast-evolving AI landscape, but he also had this to say about Web3:
But as important as regulatory clarity is to web3, it pales in importance with the need for a “ChatGPT moment” for blockchain-based technologies. AI developed for over forty years before its coming out party. I think it will take web3 less than half that time. Satoshi gave us the playbook to build a decentralized internet stack back in 2008 and I feel quite confident that we will have massive mainstream applications running on this decentralized stack well before 2028. I think we will see mainstream decentralized applications emerge in 2024 as we now have inexpensive and fast transactions and simpler user interfaces.
