If you’re into venture capital, pay attention to technology, or invest in the industry, you’ve heard all the buzzwords: Web3, NFT, DeFi. Has anyone explained to you what they are? Did you understand? It probably sounded as convoluted as the fat boy’s explanation from summer camp for why he didn’t have a picture of his very pretty girlfriend from back home.

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



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