AI is the Biggest Threat to the Web3 Creator Economy

On August 20, 2011, Marc Andreessen published a pivotal story on'Why Software is Eating the World' in the Wall Street Journal. He says that more than 10 years since the peak of the '1990s dot-com bubble', a dozen new internet companies like Facebook and Twitter sparked controversy due to their growing private market valuations and occasionally successful IPOs. He writes, "My theory is we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy." This was a decade ago, but still stands true. The only difference is that the technology today has advanced to Web3 – a new iteration of the world wide web – which incorporates concepts such as decentralization, blockchain technologies, and token-based systems.