State of Crypto: Trends, Data, More

with @cdixon @eddylazzarin @DarenMatsuoka @rhhackett

An in-depth overview of web3 trends and tech progress toward building the next internet, this conversation covers themes from the 2023 State of Crypto Report. 

The first half of the discussion (from our recent Twitter Spaces), delves into data points and analyses: what’s behind the recent uptick in NFT activity and experimentation; the curious relationship between gaming (including on-chain gaming) and innovation; as well as challenges, and opportunities, in blockchain scaling. We also discuss the pace of advances in the field of zero knowledge cryptography, plus what new applications and products are now possible... including beyond web3. 

The second half (based on a separate discussion) delves deeper into the report’s methodology, especially behind the interactive State of Crypto Index data tool… finally zooming out on the big picture.

Guests include Chris Dixon, founding general partner at a16z crypto; Eddy Lazzarin, chief technology officer; and Daren Matsuoka, lead data scientist -- in conversation with guest host Robert Hackett, a16z crypto features editor and head of special projects. 

links to pieces or topics referenced in this episode:

• the 2023 State of Crypto Report (+ PDF, livestream, Twitter Spaces) / Daren Matsuoka, Eddy Lazzarin, Robert Hackett, & Stephanie Zinn
• the State of Crypto Index / Daren Matsuoka, Eddy Lazzarin, Robert Hackett, & Stephanie Zinn
• on the “domino effect” meme / knowyourmeme
• on John Carmack, see "Masters of Doom" by David Kushner /  book
• on web3 gaming & on-chain games / web3 with a16z crypto podcast
• on EIP-4844 aka “protodanksharding” / Ethereum Improvement Proposals
• on “Jevons paradox” in economics / Wikipedia
• on the concept of “induced demand” / WIRED
• on zero knowledge applications to machine learning / Elena Burger
• the zero knowledge canon (parts 1 + 2) / Elena Burger, Bryan Chiang, Sonal Chokshi, Eddy Lazzarin, Justin Thaler, & Ali Yahya
• on developer activity trends in crypto / Electric Capital

None of the content is investment, business, legal, or tax advice. See a16z.com/disclosures for more important information, including a link to a list of our investments. Also, please note that any charts, data, or projections discussed here are subject to change without notice, may differ from opinions expressed by others, and are for informational purposes only – they should not be relied upon when making any investment decision. The content speaks only as of the date indicated, and a16z has not independently verified third party sources nor makes representations about the enduring accuracy of the information.