‘The focus needs to be on digital possession’
The crypto world is riddled with noise. Memecoins, speculation, rug pulls, scams, hype and doomers distract us from all of the revolutionary stuff persons are constructing with blockchains. And generally the noise pollutes the stream of data a lot, it will possibly get actually tough to proceed to consider within the know-how.
Still, one enterprise capital veteran feels the one manner to lower a transparent path is to focus on blockchain know-how and startups constructing within the business.
“Crypto and blockchains are in the news a lot, but a lot of it is around speculation and prices. I feel that there’s another side of the story,” Chris Dixon, accomplice at Andreessen Horowitz (a16z), informed me on Ztoog’s Chain Reaction podcast. “It’s the side of the story that I live in, that the entrepreneurs we work with live in, which is what I would call the productive side of blockchains.”
Dixon has been at a16z since 2012 and he even helped discovered the agency’s crypto division, which he at the moment leads. In the previous 12 months or so, he has been heads-down writing his new e book, “Read Write Own,” which got here out earlier this week.
In the e book, Dixon compares blockchains to metal and the Web 2.0 web to wooden — when metal first happened, most individuals thought it was pointless as a result of wooden labored effective, however then issues modified drastically as soon as metal was adopted at scale.