Clear, well-balanced breakdown of the markets - awesome.

Keen to hear authour's take on this, but in the mean time def check out WayFinder & Slate - they appear to combine a simple UX with transaction simulation features (so you can check the validity of the actions before you confirm)

kinda like a confirmation pop-up before you send money with your bank.

Agree on your final point - alternatives and trade-offs, but typically the leading centralized options have gained the advantage in terms of quality product experience + quality distribution (i.e. engaged users you can sell to vs mass spam farmers).

I think this starts to shift more towards open networks if we end up in a world of millions of small personal AI models (personally betting on this).

have there been examples of this happening in previous tech evolutions?

Good summary Tom :) Would love to get your thoughts on the whole crypto x AI approach to decentralized compute. TLDR they're a lot of players (e.g. FIL, Ionet, Render), spread across a lot of chains (e.g. native L1, ETH, SOL), all claiming / doing 1 - many use-cases (e.g. inference, data aggregation, LLM training). Which compute scenarios are served best etc

This is news to me, and pretty important to flag. Has there been a instance like this for NFTs ever on ethereum L1 or L2s?