[web4]

web3 is completely overhyped and a16z is part of that hype and pouring funds into it.

the promise of web3 boosters , "everything will be on-chain" is impossible to realize. maybe best to see decentralization as a spectrum or something that lies on multiple axes.

something like an NFT on Eth with IPFS is platform-agnostic and transferable only by whomever has the private key. that owner can also self host the file if they want. but there still will be centralized platforms, pinata hosting, AWS, etc build on top of this ecosystem to make it easier and to attempt to capture value where possible (openSea charges 2.5% on each trade).

[spinny]

> "everything will be on-chain"

This can be either true or false depending on what is your understanding of how blockchains work and what benefits it brings.

Some people will understand it as "some data will be on-chain and all or most businesses will do it", other might understand it as "every bit of info will be on a public blockchain"

Blockchains are very inefficient "databases" in the general sense of a database (and also expensive). They are only used because of the security characteristics. Only data that needs to benefit from those characteristics should go there.