A16z Crypto’s Chris Dixon believes that blockchain technology can help reverse the consolidation of power in Internet behemoths like Facebook and Google. In his new book, Read Write Own, Dixon argues that blockchain can create an environment where developers and entrepreneurs can rebuild direct relationships with their audiences. He joins the Unchained podcast to discuss these ideas, as well as criticisms of crypto VC firms, the politicization of crypto in the U.S., and the importance of creator royalties in the NFT market.
Key points from the podcast:
- Dixon believes that the centralization of power into a few companies is detrimental to both entrepreneurs and society. He sees blockchain technology as a way to decentralize and democratize the Internet once again.
- He responds to criticism of crypto VC firms, explaining that a proper allocation of tokens to VCs is necessary for these firms to support and nurture projects. He also acknowledges the need for good governance in decentralized networks.
- Dixon discusses the politicization of crypto in the U.S. and explains that it has caused unnecessary regulatory hurdles and stifled innovation. He also discusses the reasons behind the shutdown of Facebook’s Libra project.
- He explores the promise of restaking and EigenLayer in the crypto industry, highlighting their potential to unlock new design possibilities.
- Finally, Dixon emphasizes the importance of creator royalties in the NFT market, stating that they are “non-negotiable” in order to create a sustainable creator economy.
Dixon’s book and podcast appearance shed light on his belief in the potential of blockchain technology to disrupt and decentralize the Internet, while addressing key criticisms and challenges facing the crypto industry.
