A16z State of Crypto: “It is still early days for web3”
Andreessen Horowitz (a16z), a prominent venture capital firm investing heavily in the web3 sector, has published its first “State of Crypto” report exploring current trends in the market.
The overarching takeaway from the report is that web3 and the crypto market develop in cycles.
As prices climb, interest in the sector grows to the point where it can no longer be sustained. Following a (usually steep) falloff in prices, innovators develop new projects that revive...