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
Multidisciplinary artist Emily Yang aka pplpleasr went from visual effects (her credits include feature films like Batman v Superman, Wonder Woman, Star Trek Beyond as well as commercials and game cinematics) to defining “the look” of the DeFi movement and creating Fortune magazine’s first NFT cover… as well as other work and experiments along the way. Now the co-founder of decentralized content studio and creator platform Shibuya, [https://www.shibuya.xyz/] Yang recently shared her journey as a creator — and the various forks, paths, and culmination of it all — in an interactive-storytelling talk at our inaugural a16z crypto Founder Summit (November 2022).
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.
MORE: You can also find a past talk with Yang, on “Why DAOs matter for digital art” in conversation with a16z crypto’s Arianna Simpson at our NFT Summit (May 2021), here: • Why DAOs Matter for Digital Art