Bitcoin, Not “Crypto,” NFTs, Web3 Or DeFi Today

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If you’re into venture capital, pay attention to tech or invest in the sector, you’ve heard of all the buzzwords: Web3, NFTs, DeFi. Has anyone explained to you what they are? Did you understand it? It probably sounded as convoluted as the fat kid’s explanation in summer camp as to why he doesn’t have a picture of his really pretty girlfriend from back home.

Why weren’t these concepts understandable? Because these are all terms that are just nebulous enough to sound sophisticated, while avoiding strict definitions as to avoid scrutiny. They all have this Gnostic quality about them. You really need to be special to see the emperor’s clothes.