This is pretty interesting take from Union Square Ventures about what phase the Web 3.0 community (decentralized/crypto) is in.
Narrative among some in the community is that we’re in an infrastructure phase because we need tools that make it easy to build and use apps that run on blockchains, and once we have those tools, then we can get started building those apps.
USV disagree and think we’re in another turn of the apps-infrastructure cycle. And in fact, the history of new technologies shows that apps beget infrastructure, not the other way around. It’s not that first we build all the infrastructure, and once we have the infrastructure we need, we begin to build apps. It’s exactly the opposite.
I think people say we’re building out infrastructure because there’s so few consumer facing apps that have broad adoption.