Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms — EthCC
Sriram Krishnan said that “the world of social media is stuck in a different era, and things need to change.” An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms. During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and consumer applications. Krishnan stressed that “the world of social media is stuck in a different era, and things need to change.” The executive said that his goal in the presentation was to convince the audience that “now is the moment to build large-scale crypto consumer social media marketplace applications.” Sriram Krishnan at the EthCC event in Paris. Source: EthCC Livestream Krishnan, who also worked on prominent social media companies like Meta and Twitter, highlighted some common points that modern social media platforms are current...