This is the year the world came onchain.
When we launched our first State of Crypto report, the industry was still in its adolescence. The total crypto market was worth about half what it is today. Blockchains were much slower, more expensive, and le
Each year, the State of Crypto report from a16z crypto cuts through the noise and tracks crypto’s evolution across markets, technology, policy, and culture.
Now in its fourth edition, the 2025 State of Crypto report reveals how crypto has gone ma
Ben Leventhal has spent the last 20 years imagining and building the future of hospitality technology and the restaurant industry. In this talk, Ben shares his entrepreneurial journey of being the founder of Eater, Resy, and now Blackbird. This conversation, moderated by Head of CSX Jason Rosenthal, covers the evolution of going from a magazine to building a tech company, his advice for early stage founders, and how web3 enables Blackbird.
As a reminder, none of the content should be taken as investment, business, legal, or tax advice; please see a16z.com/disclosures for more important information, including a link to a list of our investments.