Thread
A16z is one of the most successful VCs in the crypto industry.
They recently came out with a State of Crypto report.
Here’s the 11 most interesting ideas you should know about:
They recently came out with a State of Crypto report.
Here’s the 11 most interesting ideas you should know about:
1. The key upgrade for Web3 is digital ownership.
For the first time we can own something digital.
For the first time we can own something digital.
2. Web2 Big Tech controls almost all digital assets & the revenue generated from it.
This is an opportunity for Web3 platforms.
This is an opportunity for Web3 platforms.
3. Great products are built regardless of financial upswings and downswings. 
4. Ethereum is now significantly more energy efficient than YouTube 
5. Big brands are entering Web3 
6. The US is losing its lead in Web3. 
7. Verified smart contracts are at an all-time high.
Bullish.
Bullish.
8. Interest in crypto related jobs spikes during market upswings 
9. Active addresses are at an all-time high 
10. Crypto adoption is at the equivalent of 1996 when compared to the original internet adoption.
Despite what salty OGs will say, we are still early.
Despite what salty OGs will say, we are still early.
11. So where are we headed? 
Thanks for reading.
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