In the past month, the second level has been falling, but in the long run, I hope everyone will not forget that Web3 is in the construction stage. According to Bankless: The bear market enables CEOs to think in terms of fundamentals and spend more time building meaningful technology. With the legion of new crypto users, there is plenty of new ground to build on.
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Web 3 is known as the third revolution in today's Internet era. Its core idea is to create a decentralized Internet infrastructure and technology while protecting personal privacy.
For the detailed article introduction of Web 3 and the analysis of potential currency unicorns, you can read my previous articles:
Bitcoin bear markets are nothing new, and there is little evidence that Bitcoin is going to die outright, especially after Bitcoin has endured the past six bear markets, each of which resulted in a rally past its previous all-time high.
Projects with good adoption rates and real users may come to the fore after By far the hottest candidate is leading smart contract platform Ethereum, which dominates the layer 1 blockchain ecosystem with over $46 billion in value locked in its DeFi applications.
Other chains, including Binance Smart Chain (BSC), Solana, Cardano, and Avalanche, could also act as alternatives to attract users, securing demand for their underlying tokens.
The revolution in the Web 3 era is in full swing, and a16z can be said to be the biggest behind-the-scenes driver of Web 3. The dividends of the Internet era are passing, giants urgently need a new track to change the future, and Web 3 is officially their choice. According to public information statistics, a16z has invested in more than 80 companies or projects in the Web3 field, including public chains, Layer 2, DeFi, NFT, games, Metaverse and almost all Web3 tracks.
a16z can be said to be the top stream in the blockchain industry:
Sometimes the trend of the blockchain industry is not determined by the development of the industry, but by the heavy investment of giants such as a16z. It can be said that every move of the giants has a profound impact on the development of the currency circle and even the blockchain industry.
After Coinbase went public, a16z became its second largest shareholder with a 14.8% stake and became the biggest external winner. Yahoo Finance once reported that a16z has earned more than $7 billion in returns from Coinbase. A16z ’s investment in the past five years, from NFT (non-homogeneous tokens), Metaverse to autonomous driving, a16z’s investment pace is aggressive but not aggressive, and the road to expansion is going further and further.
Chris Dixon, partner of a16z, recently wrote an article about the future of Web 3 and cryptocurrency. The following is an excerpt analysis:
“Cryptocurrencies and Web3 have amassed a wealth of technology, talent and community knowledge, and the growth phase is about to begin. Today’s tech industry is very different than it was in 2008. A handful of tech incumbents dominate the internet, wielding enormous economic and cultural influence entrenched interest groups aggressively respond to new movements that could one day threaten them.
I believe Crypto and Web3 will be at the center of the next cycle. We've got a ton of technology, talent, and community knowledge at our disposal. In the nearly 10 years I've been in the field, the energy and creativity gathered in this industry has never been higher.
If we're headed for a recession, there are some tactical lessons to be learned from the 2008 era to preserve capital and focus on your long-term vision. But the most important lesson is to ignore the noise and focus on the product cycle. "
a16z can be said to be the top stream in the Web 3 and encryption world. With large funds in hand, big vision in mind, a huge investment portfolio and fruitful investment results, a16z's ambition and determination can be seen from the continuous investment and business expansion. Perhaps in the near future, a16z can continue to write more amazing investment myths.
Driven by blockchain technology, the Internet is beginning to transform into a more free and open Web3 decentralized era.
Under this wave, Sequoia Capital, as the top representative of venture capital companies, naturally did not let go of this emerging field, and began to increase the size of this track, changing from "early water testing" to "full embrace" .
As a long-established venture capital company in the United States, Sequoia Now it has been ranked among the top 10 American venture capital companies for a long time.
In the investment classification of Sequoia Capital's European and American official website, a special "encryption" category has been set up. Under this category, 12 selected crypto portfolios were announced, namely: DESO, the underlying Layer1 blockchain where BitClout is located, Faraway Games, a Solana-based multiplayer game project, Filecoin, Fireblocks, FTX, Domain Name System Handshake, Privacy public chain Iron Fish, LayerZero, Parallel Finance, privacy collaboration platform Skiff, StarkWare, Strip Finance, etc.
Now the total market value of cryptocurrencies is around the new high in 2018, but with the prosperity of the blockchain ecology brought by Ethereum ETH, various applications such as DeFi (loan, liquidity mining, derivatives), NFT, DAO, With various new concepts such as GameFi and metaverse, the encryption market is no longer just hype, but more about the exploration of applications, which is also the embodiment of the blockchain's real implementation in real life.
For governments around the world, the adoption of cryptocurrencies will bring many benefits: provide better financing, investment and transaction methods; introduce new business models and micropayments; facilitate cross-border business.
Cryptocurrency is here to stay and governments should embrace it. The industry is not going away, the technology is not going away, there are more use cases now than ever, there are more use cases now than ever, and the space is still growing.