Blockchains are a new settlement and ownership layer, one that’s programmable, open, and global by default, unlocking new forms of entrepreneurship, creativity, and infrastructure. Growth in monthly active crypto addresses is generally tracking the
Prediction markets are a hot topic again — even cartoon characters are talking about them (cf South Park). But beyond the buzz, what is a prediction market, exactly? How do they work, how are they designed, and what makes them work?
We answer all
Web3 business models – incentive design, value creation, value capture, and more – are an exciting and still-evolving challenge for founders. Harvard Business School professor and a16z research partner Scott Kominers walks founders through this additional layer of complexity, from what makes web3 business different to frameworks for creating sustainable competitive advantage.