Crypto Hasn’t Even Launched Yet. The New Generation of Crypto-Native Tech Changes Everything.
A lot of speculation about how crypto will do this year and in the next few years is missing a few important points.
Such as the fact that there is about to be a whole new world of platforms coming out of tech and venture capital — both hardware and software — innovative form factors, new gear, AI applications, and AR/VR experiences, new AI-augmented gaming platforms… and all of those things are going to be crypto-native. As in, they were built from jump, to have crypto built into the system, so that transactions, in crypto, are happening, through all of the new tech that comes out from here on out.
We are in the middle of a paradigm shift. Like we had computers and then the internet and then mobile phones, we are looking at a similar transition into VR/AR. This means new hardware platforms and a world of new applications for that. Major changes that we are in the middle of include the shift to AI apps and the maturation of the crypto startup ecosystem to support these products at scale. Many seeds planted by venture capitalists over the past decade(s), are flowering. And they are about to plant a whole bunch more seeds.
Venture capital is currently sitting on over $300 billion of dry powder that is ready to deploy in the market. This will stimulate a new application ecosystem that will be taking advantage of “Web 3.0” capabilities in VR/AR, AI, and crypto. These are all part of the same plan and to treat them like somehow totally separate and uniquely contained entities, much less competing entities, is absolutely foolish, especially because the same people are funding ALL of these programs and are designing them to work together.
For example: AI will help build AR/VR experiences and enable user generated content on AR/VR platforms. Crypto startups will provide the payment backbones for these applications and we will likely see crypto as an option to purchase hardware itself. AI will also power financial infrastructure, which will be used by a number of platform and application plays. An explosion of financial products built by “crypto-native” startups, will be hitting at the same time as all of this as well, as the absolutely giant fleet of crypto financial companies launch, grow, exit and explode in volume as the bubble takes off.
A lot of that dry powder is going to go directly into funding a sea of applications of all kinds that will have access to an explosive amount of cash and be put on a trajectory for extreme velocity and scale, much like we saw in the days of the early iPhone and iPad. They can get these types of applications to market quickly. And many of the apps that you don’t know about yet, have been quietly getting everything in the background set to go. AR/VR platforms will be launching with applications for them. Good ones. Lots of them.
It is the same people that are funding all of this: venture capitalists. Do you think a16z, the VC with the most in crypto and one of the biggest players in the game, is going to let all of its startups operate without crypto baked in going forward? Is going to give money to startups that won’t transact through crypto?
LMFAO that is literally never how this goes down. We ALWAYS use products from other parts of the VC portfolio we are in. That is called the “network”.
Or “market manipulation”.
The big theme of last year was deep integration into the financial system and the start of global integration. Mastercard, PayPal, Blackrock, Wells Fargo, Morgan Stanley, Walmart, and many others bought in and integrated. You can trade crypto on fucking Fidelity now. As of last month. We are so early.
The integrations and strategies and development work that was done last year is only now beginning to become a reality and that is going to bring a floodgate of adoption. Big retail is on board!!!! Wake up!!!! Fucking Nike!!!! Fucking FIFA!!!
What is built going forward will be built with crypto as a first-class citizen in the products and platforms and applications, and this will happen across a dizzying array of products and services and apps and industries and countries.
This is the actual start of the crypto game: when it is being built into the technology infrastructure at a fundamental level. We have not had that before. When Bitcoin dropped in 2009 literally no integration and no ecosystem of financial infrastructure existed around it. Since then, venture capitals have poured literally hundreds of BILLIONS of dollars into doing that. And all of that is going to actually launch in a mainstream way — something that has also never happened with crypto before — and it is going to happen through all of these new hardware and software paradigm changes.
As these events unfold, crypto and venture capital is entering a whole new world and we will be entering it with them. Crypto didn’t go anywhere and it was never going to go anywhere. If ANYONE told you last year that crypto was over and dead, please do not listen to them about anything involving technology or crypto, ever again. It’s okay to be wrong, but it’s not okay to speak authoritatively about systems that you just do not understand. And if last year you thought crypto was over, you do not understand this system. We have a big problem with people not taking this shit seriously and acting like tech is in a constant state of collapse while it continues to be the only viable industry in this country and while it executes like a goddamn machine on the financial infrastructure, means that people are not taking what is happening seriously and they are living in la-la land about what’s going on around here.
Crypto hadn’t even launched last year. It hasn’t even launched yet. I would look at the years prior to this as stages of product development. We have gone through alpha, we have been struggling in the beta years for awhile now, and we are starting to approach GA, or general availability. In the venture capital parlance, crypto has finished its seed round, its graduating from the accelerator, and its been negotiating the series A.
People have no idea just how early we are. Crypto hasn’t even launched yet. Wake up.