Web3 gaming is still in its early stages, but it’s growing rapidly. If you’re a fan like me, you’re eagerly awaiting when more of these titles will become playable. In recent years, we’ve seen a surge of investment in the web3 gaming space. In 2021, the total amount invested was around $4 billion, and it’s expected to more than double in 2022, reaching $9.25 billion.

From 4RC’s inception, we cited blockchain and artificial intelligence (AI) as the core emerging technologies poised to usher in the Fourth Industrial Revolution. With our latest investment in Stability AI, that thesis remains unchanged as we continue to back the most exciting applications and leading teams at the intersection of Web3 and AI.

In May 2022, without any warning or justification, the Bankless YouTube channel disappeared overnight. After 2 years, 10k hours of content, and 150k subscribers, it was gone! The Bankless founders and community cried that it must be intentional because of the threat crypto and Web3 pose to YouTube and its parent company Alphabet. At that moment, it felt hopeless and unclear what could be done, having seen other crypto YouTube channels get banned. Then, less than 24 hours later, Bankless was back up! YouTube’s CEO Susan Wojcicki retweeted a thank-you from the Bankless team, remarking it was just “a mistake” and glad they could fix it. But for many of us, it was a stark reminder that while we, the Web3 community preach self-sovereignty and the goal of taking back control from the centralized powers, the dirty truth is we remain all too dependent on these Web2 incumbents, even when we know they could cut us off in the blink of an eye.