A lot of crypto startups in 2021 pivoted to AI in 2022

It takes little effort to launch a product in a hot market, but seeing little results while consistently shipping incremental improvement is more challenging

building far.quest & @wieldlabs.eth. cofounder at miy.com ventures. FID #274. Previously Square/Cash App. https://hiimnico.xyz/

I think we only have to look at normie consumer interest for AI (there is an almost iphone-level 'wow' moment) compared to Web3 (huh? what are these $1 m monkey pictures?) to understand why the pivot is occuring. Whether that leads to greater PMF/monetisation given the fragile moat in AI remains to be seen.