So long term, I think websites and applications are outdated and it's all going to become agents.

You don't need to get the website. You just need your agent to talk to the other agent.

Medium term, you will have this AI agents that are doing stuff on your behalf on websites.

Short term, I think there will be like a toss-up between some people trying to like prevent AI from navigating their websites.

But, you know, AI is really good at tricking these things. And so it's kind of like out-execute them.

Welcome to Web3 with A16Z. I'm your host, Robert Hackett.

In this episode, we're diving deep into one of the most intriguing intersections in tech today, AI and crypto.

To help us unpack it, we're joined by Ilya Polosukean, co-founder of the Crypto Protocol NIR

and co-author of the groundbreaking

2017 Transformers paper that helped kick off the current AI boom. Together we explore what the phrase

user-owned AI really means, why the so-called agentic internet might replace the very notion

of websites and apps as we know them, and much more.

As a reminder, none of the content should be taken as tax, business, legal, or investment advice.

Please see A16Z.com slash disclosures for more important information, including a link to a list of our investments.

Let's dive in.

Thank you. our investments. Let's dive in. When a lot of people hear CryptoX-AI, all they hear is buzzwords. What does that actually mean?

I really more like to think from fundamental problems that both AI has and crypto has.

And so, with AI, one of them is effectively control.

This is the most important and the most transformative technology that is going to affect

how we live, how we perceive information, how we do day-to-day things as well as long-term

plans. And right now, there's few companies in control of how you can use this technology.

This is akin to AOL in 90s, which we know is not sustainable. You either open source your model

...