“No One Wants Them”: VCs Split on Non-Financial Crypto and Web3 Use Cases


20h05 ▪
4
min read ▪ by
Ifeoluwa O.

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A clash of views has emerged online among leading crypto investors regarding the future of non-financial use cases in the crypto and blockchain space, including Web3 projects. The debate centers on whether these projects failed due to insufficient investor demand and poor product-market fit or if their most significant potential remains unrealized.

Two crypto VC teams in a fierce tug-of-war over a glowing orb, papers flying in a city backdrop.Two crypto VC teams in a fierce tug-of-war over a glowing orb, papers flying in a city backdrop.

In brief

  • Chris Dixon of a16z Crypto said recurring scams, compliance issues, and risky practices have…

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