The pivot to Web3, driven by ideology rather than utility, is akin to a "collective Theranos" that's warping the economy to benefit professional investors (Maxwell Strachan/VICE)

Maxwell Strachan / VICE:
The pivot to Web3, driven by ideology rather than utility, is akin to a “collective Theranos” that's warping the economy to benefit professional investors  —  It can feel as if the entire world is bolting on crypto tokens and NFTs.  Many in the industry worry the gold rush is akin to a …

from Techmeme https://ift.tt/r3d7qnl