[Analysis] Open finance first, open data second - Fred Wilson
Pulling from an internal presentation on USV's approach to crypto investing Fred Wilson outlines how the firm thinks about the evolution of the space. Wilson highlights the numerous assets issued on blockchains and the profitable custody/brokerage/exchange businesses that exist today. Innovation in finance 2.0 will continue for a few years while the emergence of Web 3.0 will take longer to develop according to Wilson.
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