1/ Tokens are a new digital primitive, analogous to the website 🧵
2/ Major computing waves generally have two eras: the skeuomorphic era and the native era.
3/ In the skeuomorphic era, the design thinking is largely adapted from older domains. For example, the early web was mostly digital adaptations of pre-internet activities like letter writing and mail-order shopping. Websites back then were mostly read only.
4/ It took about a decade for technologists to start seriously exploring the idea that websites could be read/write, where users generate the content. This led to the growth of web native categories like social networking, crowdfunding, and social productivity apps.
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Crypto/web3 is still in the early innings, and needs clear regulations to provide an open pathway for startups to build constructive solutions, while protecting consumers and stamping out the harmful “casino” culture that has developed around crypto.
The UK is on the right path for crypto regulation:
👉Working with industry on unique attributes of blockchain tech
👉Laying a foundation for future blockchain apps
👉Innovative sandbox approach to regulation
👉Outcomes-based regulation
👉Consumer protection front-and-center
No matter how well a founder maps their idea maze, the road to product-market fit is difficult. Getting there brings new challenges: incumbents put a target on your back, recruiting and hiring needs to accelerate, prioritization becomes more complex, etc. cdixon.org/2013/08/04/the…
Founders often need guidance from someone who’s personally navigated many of the abstract, harder-to-define, but nevertheless critical obstacles that inevitably arise in any startup. @jasonrosenthal is a prime example of that someone.
I’ve long admired @EveOnline, one of the longest-running and most successful MMO games ever. So I’m thrilled to share that @a16z is leading a $40M investment in @CCPGames’ new AAA gaming project set in the EVE Universe. 🎮🪐 a16z.com/2023/03/21/inv…
Initially released 20 years ago, EVE Online has had a huge influence on multiple generations of gamers, and its community-driven approach laid the groundwork for many of web3’s core principles, such as open economies, player-driven social systems, and composability.
EVE players have always set their own narrative, self-organizing into guilds with a shared set of incentives. The community created 276 billion items just in the last 5 years, and built a rich ecosystem of 3rd-party tools supported by an API.
It takes a special intellect to stand out among crypto technologists, and we’re fortunate to have one of those people on our team. I’m happy to share that @eddylazzarin has been promoted to Chief Technology Officer for @a16zcrypto. a16zcrypto.com/eddy-lazzarin
Eddy will continue to lead the engineering and data science teams that he built from the ground up, and also now manage our world-class research and security teams.
Under his leadership, a16z crypto’s engineers have been continuously adding to our suite of open-source tools that benefit the entire ecosystem – including Helios, Halmos, privacy-protecting airdrops, a starter pack for NFT analysis, and more to come github.com/a16z
I sometimes get asked by people starting out for advice on professional development.
Here are a few things I tell them 👇🧵
Optimize for being around people with strong ethics who teach and challenge you.
For example, if you join a startup with great people, regardless of whether the startup works, you’ll learn a lot and develop relationships with people who go on to do interesting things.
Early in your career, it’s important to explore and experiment to avoid getting stuck in a local maximum trap.
We proudly contributed to the $165M Series B financing round that @Uniswap Labs announced today. It’s remarkable what @haydenzadams and the team have accomplished since we led the Series A round in 2020 🧵👇
Uniswap Labs pioneered a new type of crypto exchange, as Coinbase did years before. They created the fully-automated & decentralized Uniswap Protocol, which includes an automated market maker (AMM), to easily trade assets.
The Uniswap Protocol is a model of productive decentralization: fully-programmatic, immutable on-chain trading with instant market creation. Users and automated services can deposit assets and let the protocol handle the rest. It’s now surpassed $1.2T in trading volume.