Despite all of the hype and hysteria surrounding Crypto, Blockchain technology and DeFi, Web3 is both in its infancy, and here to stay.

a16z has been an early and aggressive investor in this space, and their views on this emerging ecosystem are always worth reading. Their 2022 State of Crypto Report is a helpful primer and a timely and pragmatic update on the sector.

As with all early technologies, there will be winners and losers, fortunes made and lost, legacy industries disrupted or transformed … and there will certainly be a lot of entropy … but few technologies have come along in a very long time that have this sort of disruptive potential. Ignore this space at your peril.