Blockchains create net new markets
Blockchains are the first technology that lets the supply of markets catch up with latent global demand.
News
Reporting, research and analysis from across the web3 ecosystem.
The rise of the $700-billion RWA perp market
Monthly RWA perp volume is up 1,148x in a year as demand grows for round-the-clock exposure to stocks and commodities.
Why the SEC should clarify exchange rules for blockchain apps: A safe harbor for software II
The SEC should clarify the circumstances in which developers of DEXs and their apps fall outside the Exchange Act’s exchange registration requirements.
Only the U.S. Senate can prevent the next FTX
If CLARITY becomes law, exchanges serving U.S. consumers will have to adopt safeguards that FTX lacked. If the bill doesn’t, those gaps will remain.
A financial integrity framework for permissionless networks
Many financial institutions are taking advantage of one of the most innovative advancements in blockchain technology — permissionless networks....
Entering the era of lattice SNARKs – with a faster, post-quantum Jolt
Today we are releasing Lattice Jolt, a new version of our open source zkVM (zero knowledge virtual machine).
Investing in OpenReserve: the bank that never closes
Proud to lead OpenReserves $25 million seed round.
When throughput is not enough: What financial markets need from blockchains
Throughput was only the first test.
Investing in Félix
A16z crypto is proud to lead Félix's Series C.
How Argentina uses stablecoins, in 5 charts
Stablecoins solved an urgent problem in Argentina. Then people kept using them.
Beyond slop, taste, and AI moral panic: What social science tells us
In the early 18th century, if you lived in London and you wanted to slander an opponent or rival, you could head to Grub Street, a slum just north...
Habits of AI writing, and what to do about them
A guide for founders who write: The hallmarks of AI writing — filler phrases, Alexa voice, over-structure, em dashes — and when to edit or embrace them.
The 'useless' theory behind modern SNARKs (ft. Gödel Prize winner Noam Nisan)
Gödel Prize winner Noam Nisan on the sum-check protocol — how a "purely theoretical" proof technique became the engine behind fast, modern SNARKs.
5 charts: How crypto cards are driving stablecoin spend
Stablecoins are increasingly being spent by card swipe. Crypto payment cards have gone from a novelty to more than $750 million in monthly spend....
9 key moments from Marc Andreessen and Chris Dixon on the CLARITY Act
9 key moments from Marc Andreessen and Chris Dixon on the CLARITY Act
How Zero-Knowledge Proofs Were Invented (ft. Co-Inventor and Turing Award Winner Shafi Goldwasser)
Turing Award winner Shafi Goldwasser tells the origin story of zero-knowledge proofs, from mental poker and interactive proofs to SNARKs,...
Why CLARITY can’t wait: A Q&A on the market structure bill with Marc Andreessen and Chris Dixon
Marc Andreessen and Chris Dixon on why the market structure bill can't wait
Marc Andreessen & Chris Dixon: Why America needs the CLARITY Act
Marc Andreessen and Chris Dixon on the fight over crypto market structure, why regulatory clarity matters, and what is at stake for America’s...
From corporation to crowd: How organizations evolved through time and technology
The corporation solved the coordination problems of the industrial age. The DUNA — a new legal entity — does the same for decentralized networks.
It's time to pass the CLARITY Act
Every generation gets a chance to upgrade its infrastructure. In the 1990s, it was the internet. Policymakers worried that it would disrupt...
3 charts on the tokenized stocks boom
Tokenized equities — or tokenized stocks, as they’re more commonly known — show the inroads crypto is making into Wall Street. These are...
The time for Clarity is here: The next-generation Telecoms Act
Congress has a chance to pass the most important technology law since the Telecoms Act
TradFi doesn’t want DeFi. It wants blockchains.
How institutions are rebuilding finance from DeFi’s primitives. And why open networks still matter.
Why markets fail — and how to fix them (ft. Nobel economist Alvin Roth)
Nobel Prize–winning economist Alvin Roth on kidney exchanges, school matching, and what these systems teach us about coordination in crypto.