Venture capital firm Andreessen Horowitz continues to call web3 an “evolution of the internet,” citing supposed upgrades from web2 like the potential for democratized ownership of Internet properties. It claims this inevitable transformation will return power to the hands of users.

However, both interests in web3 and related investments are plummeting.

Find out how, despite its optimism, Andreessen Horowitz's web3 ship is actually sinking by listening to the article above.

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