Craig Naylor

Talent @a16z | prev. @uber @cloudkitchens @meta

[Marc Andreessen 🇺🇸 @pmarca]

It's time to pass the CLARITY Act, to ensure US technology dominance for decades to come. 🇺🇸

[Ali Yahya @alive_]

https://t.co/EJrDz0w0jX

[Ali Yahya @alive_]

Crypto cycles ebb and flow. Today, the fundamentals of the space are the strongest they’ve ever been, at a time when sentiment is near all-time lows.

But the times when everyone seems to be turning their back on the space are the times when firms like ours can have the most impact.

These are the times when supporting the founders who are doing the hard work to build the future matters the most.

We have raised Crypto Fund V to partner with the founders who are growing the technology and values of the space from their OG cypherpunk roots to billions of people.

It’s time to build 🚀

[Craig Naylor @cnaylor_]

It's time to build.

[Chris Dixon @cdixon]

https://t.co/u1xbTIC8J6

[iandutra @its_iLan]

https://t.co/Jv0fUb5tFx

[Chris Dixon @cdixon]

https://t.co/zAHyO5TJ0c

[Craig Naylor @cnaylor_]

@AriannaSimpson Congratulations Arianna -- excited for your next chapter!!

[a16z @a16z]

It's time to build.

[Guy Wuollet @guywuolletjr]

https://t.co/nJRBjgeTd1

[Anthony Albanese @AAlbaneseNY]

Excited to announce that @a16zcrypto is expanding into Asia and opening our first office in Seoul, South Korea. As part of this, we’re thrilled to have @sungmo_apac16z join our team as Head of APAC go-to-market to lead the Seoul office and start building our presence in the region.

Our expansion will offer go-to-market support for portfolio companies seeking to accelerate growth, forge strategic partnerships, and build lasting communities across Asia. SungMo will work closely with the founders in our portfolio, and also in his corporate network, to strengthen market connectivity and accelerate crypto adoption across the continent. 

@sungmo_apac16z brings deep experience and expertise across both enterprise and crypto-native ecosystems. Most recently, he was APAC Lead at Monad Foundation, where he built out their go-to-market and ecosystem strategies across East Asia, Greater China, South East Asia and India. Prior to Monad, he was Head of APAC Business Development at Polygon Labs, where he led enterprise partnerships and collaborations with emerging crypto projects. He speaks four languages: Korean, Japanese, Chinese and English.

[Chris Dixon @cdixon]

Kalshi's trajectory has been very impressive. Volume has grown 8x since July, to more than $1B per week. Congrats to the team, we're excited to double down on our investment.

[Chris Dixon @cdixon]

We’re excited to share our 2025 State of Crypto report.

This year’s story: the maturation of the crypto industry — with growing institutional adoption, the rise of stablecoins, better infrastructure, new consumer experiences, and long-awaited regulatory clarity.

Read the full report → https://t.co/P3gzQphOEx

Here are the biggest trends of 2025…

[Chris Dixon @cdixon]

Today we are announcing that a16z is co-leading the Series D in @Kalshi, a regulated exchange for trading on prediction markets. Prediction markets are a modern implementation of a classic economic idea, one most clearly articulated by Friedrich Hayek.

Hayek and the knowledge problem

Hayek argued that no central planner could ever access the dispersed knowledge held by millions of people across an economy, a fundamental challenge that has come to be known as the “knowledge problem.” Much of this knowledge is tacit and unspoken, embedded in people’s experiences, circumstances, and preferences.

Hayek wasn’t just pointing out the limits of central planning. He was offering a solution. In his 1945 essay The Use of Knowledge in Society, Hayek argued that the solution lies in looking outward, not inward: “We need decentralization,” as he put it.

Markets, in Hayek’s view, are not just allocation mechanisms but information systems. Prices act as signals, compressing vast amounts of local knowledge into actionable information. Moreover, prices create incentives: they encourage people to make decisions and act in ways that drive information back into the system. This creates an iterative feedback loop, an engine that drives better performance.

Today we might say that the answer to the knowledge problem is not to give central planners more sophisticated computers. The answer is that markets themselves are the computers. Prediction markets make this idea concrete, applying it to questions about the future and turning collective knowledge into prices that reflect probabilities.

Why we’re investing in Kalshi

This is why we’re excited about prediction markets, and why we’re investing in Kalshi. Kalshi is bringing prediction markets into the mainstream with a compliant, scalable platform for event contracts covering everything from elections and economics to sports and culture. It has already seen billions in trading volume and continues to grow quickly. Kalshi also plans deep crypto integrations, work we’re excited to collaborate on, and today announced they’re expanding globally to 140 countries.

We’re not the only ones excited about the potential of prediction markets. For businesses and investors, event contracts can hedge risk, such as exposure to economic or policy changes. For policymakers and analysts, market prices offer real-time forecasts that can outperform polls and expert predictions. And for society at large, prediction markets create an open, transparent, and incentive-driven way to aggregate beliefs about the future.

This is the right moment for prediction markets. As trust in established institutions reaches historic lows — at least according to the polls — we need new systems that can earn trust in different ways. We believe the answer lies in open, decentralized systems. DeFi provides an alternative to traditional finance, stablecoins to conventional payment providers, and prediction markets to expert forecasts. Where people once trusted banks or pundits, they can now trust protocols and markets.

Hayek’s insight was that knowledge is too widely distributed for any one authority to possess. Instead, we need systems that harness the intelligence of the many. Kalshi puts this idea into action, transforming dispersed information into concrete, market-based forecasts. We’re excited to support their work as they bring prediction markets into the mainstream.

[Tim Roughgarden @Tim_Roughgarden]

We've had 25 research interns over the past four summers @a16crypto, many of whom are now among the most visible researchers in the space. If you'd like to be a part of the summer '26 cohort, apply here: https://t.co/bzslRQ3GOU

[Craig Naylor @cnaylor_]

Hiring in crypto always sparks debate: do you need crypto-native talent, or can great people from traditional tech make the leap?

In this piece, @its_iLan and I touch on when crypto expertise is essential, where outside experience shines, and how to pitch your opportunity to non-crypto candidates.

[a16z crypto @a16zcrypto]

Full post: https://t.co/zElAEKDaVJ

[miles jennings @milesjennings]

With the GENIUS Act celebration done, builders already want to know what's next.

The answer is CLARITY – crypto market structure legislation – which also got overwhelming bipartisan support in the House last week.

Here's everything you need to get caught up on CLARITY:

[Chris Dixon @cdixon]

The House just made history by passing major legislation on stablecoins (GENIUS Act) and market structure (CLARITY Act) in an overwhelmingly bipartisan way.

This is a huge moment for crypto and for all Americans. We’re very close to having comprehensive, proactive rules in place for the first time.

Next up: the GENIUS Act goes to the President’s desk for his signature. After that, the Senate should pass the CLARITY Act.

We believe passing these laws is the best way to ensure that America remains the world leader in the next era of the internet.

Thank you to all the cosponsors of these bills and the incredible supporters on both sides of the aisle in Congress.

[Ali Yahya @alive_]

The upcoming era of AI, digital money, and quantum computing will require a new standard for secure and interoperable communication. @xmtp_ is a protocol for the future of messaging — open, decentralized, and quantum-resistant. Just as SMTP laid the foundation for email at the dawn of the web, XMTP is built to do the same for this new era.

[XMTP @xmtp_]

Finally, we can own and control our messaging the way we own & control our money.

Today at NewDayOne, @baseapp + XMTP unlock a new surface for builders:
AI + Money + Secure group chats

It’s time to build agents & mini-apps that work for people, not platforms.

Let’s dive in👇

[benahorowitz.eth @bhorowitz]

How crypto and AI enhance each other https://t.co/bdjineHI6A