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
Building a company that’s ultimately going to decentralize takes founders down a very different path than a typical startup. This talk – presented by a16z crypto General Counsel and Head of Decentralization Miles Jennings – walks through the promises and pitfalls of decentralization, from providing censorship-resistant public infrastructure to operating within regulatory uncertainty. The talk also shares frameworks for thinking about decentralization, both for startups navigating decentralization and those interacting with decentralized protocols.