I largely agree with the below tweet from Ryan Watkins.

https://x.com/RyanWatkins_/status/1876460273608884462

This bodes well for the current leaders: Virtuals & ai16z, respectively.

Having spent years in consumer internet investing pre-crypto, I have seen this pattern play out quite a few times. Originally I was skeptical agentic frameworks would have the same network effects as consumer internet marketplaces (and, to be fair, they are quite different). However, agent