Introducing a16z’s 2022 State of Crypto Report
A lot has changed since we started investing in crypto nearly a decade ago.
Here are 5 key takeaways from the a16z crypto web3 industry survey and data analysis by @darenmatsuoka, @eddylazzarin, @cdixon & @rhackett ⬇️
Early on, the Web was static. Afterward, Web 2.0 offered more interactiveness and service at the cost of centralization. Web 3.0 is a trend that tries to challenge this; With distributed networks built on open protocols, users of the web are empowered to participate.
Today we are excited to announce that our Ethereum and IPFS gateways are publicly available to all Cloudflare customers for the first time. https://t.co/KHbMt7Pvlh #PlatformWeek
Simply put: the products and services that will define web3—and the next generation of the internet—are those that transform users into owners. We call this the ownership economy.
L2 solutions combine a variety of technologies from many research groups. They can be interconnected and orchestrated to work together, creating a strong network effect that will scale the Ethereum network. #L222
Future Outlook: As top-tier protocols adopt L2, there will be lots of opportunities, and the ecosystem will explode in 2022-2023 (once it goes mainnet).
This is a great article with valuable insights into the future potential and the opportunity of the crypto market, especially the ZK ecosystem. #L222 https://t.co/uGPtLuma3w
Network effects & incentives – In web3, individuals are empowered and incentivized to maintain the system through direct ownership, and are rewarded for participation.
Markets can be created for virtually any asset, and fractionalization enables smaller users to participate.
Billions of dollars have been poured into crypto market trends so far: GameFi, NFT, Metaverse, Memecoin, etc.
New trends are rising in 2022, starting with DAO, Layer 2 like @zksync, @StarkWareLtd, etc. Move-to-earn is also blooming with pioneers like @Stepnofficial.
It will be interesting to see where this goes. The $OP airdrop rewards those who have been early adopters and active users of projects in the #ETH L1 / L2 ecosystem.
Over 250k addresses are eligible via a carefully thought out set of criteria, proportionally rewarding addresses for healthy use of the ecosystem.
There is an overlap bonus for hitting 4 or more criteria.
You can check eligibility for Airdrop #1 here: https://t.co/LOyiLEqnVz