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
Why did the Industrial Revolution take place where it did, and then spread beyond? It had to do with a competitive, open market of ideas, Mokyr argues -- a transnational “Republic of Letters” -- not unlike the crypto ethos of open source, decentralization, and more.
Prediction markets are a hot topic again. But beyond the buzz, what is a prediction market, exactly? How do they work, how are they designed, and what makes them work?