A16z changed the crypto in the flagship fund to frontier, there's no need to be surprised The promotion of the concept of web3 by a16z in 2021 has made significant contributions to the industry. But by around 2023, the web3 concept has actually gone bankrupt - only the financial attributes remain, and the own in the read-write own system, especially for social, content, and gaming, is completely gone In the market recovery after 2024, these narratives have never stood up again Removing crypto in 2026 is just a delayed brand correction If we look back from 2035, we will find that web3 was a detour in the development process of the entire blockchain industry, and Money 2.0 is the right path