.a16z has released its second 'State of Crypto' report, highlighting the strength of Web3 verticals and developer activity in a bear market. BrandyBetz reports.
Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.
“Our 2023 report aims to address the imbalance between the noise of fleeting price movements– and the data that tracks the signals that matter, including the durable progress of Web3 technology.
The price-innovation cycle says that market downturns bring more dedicated developers into the crypto space and then the excitement around those projects eventually begins to drive asset prices higher.
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