in the episodeLatest of gm’s podcast Decrypt Amy Wu, head of FTX’s $2 billion Web3 fund, talks about Jack Dorsey, the Web3 concept and the role of VC firm Andreessen Horowitz.
“There is constant talk and paranoia about Web3 that it will become centralized, just like the rise of the industry and the previous internet, etc,” she said. with this and making the bad actors appear.”
In December, Jack Dorsey and Elon Musk said Web3 was just a word that would be a hit for a while. which eventually becomes centralized and is controlled by VC, in particular Andreessen Horowitz (a16z).
Amy Wu says she doesn’t believe a16z will be one of And Wu said Web3 would attract more Web2 developers to its ecosystem. Especially after many cross-chain protocols begin rolling out later this year, these bridges can give developers more confidence to work on new products on a single network.
Vitalik Buterin, the co-founder of EthereumsaidHe believes the future of crypto will be “multi-chain,” not “cross-chain,” citing potential security vulnerabilities in the bridges protocol as the main reason. This concern has been proven true in the news of the $320 million Wormhole hack.
Wu said she believes better security is related to the frequency of rug pulls in the crypto world, but it could also be mitigated by monitoring both automated and decentralized smart contracts.
The post Amy Wu, head of FTX’s $2 billion Web3 fund, said, “It’s good that people are still paranoid about Web3” appeared first on Bitcoin Addict.