Chris Dixon von A16Z: Crypto growth is constant despite the downturn
Chris Dixon von A16Z: Crypto growth is constant despite the downturn
- The first "State of Crypto" report by Andreessen Horowitz deals with the latest market movements
- slowing down the market is often the best time to concentrate on building, said Chris Dixon from A16Z
According to researchers from the Risk capital Society Andreessen Horowitz, prices at Krypto are often an early indicator for performance.
"Prices are a catch", wrote the analysts of Andreessen Horowitz in a blog entry Tuesday with the first research report" State of crypto ”of the company. "The numbers promote interest that drives ideas and activities, which in turn drives innovations."
talents are attracted to the world when the prices are high, said Chris Dixon, General Partner at Andreessen Horowitz, on Tuesday at the Permission Less conference in Palm Beach and referred to the latest market sales, which is skeptical about what is next for the digital asset.
"Not to downplay the bad things that are going to go," said Dixon. "But I think if you step back and look at the wider trends, it's promising."
The movement to Web3 changes the way developers interact, added Dixon. The social networks of Web2 have made it possible for everyone to be editors and creators, but the innovations of Web3 will change the ownership and earning opportunities.
"There are about four or five companies that basically control the Internet," said Dixon. "I think we run the risk that the internet will control everything [with networks] for the round -dark landscape of the 1970s."
nfts are the beginning of what is next for the creator economy, Dixon said. NFT manufacturers (non-fungable tokens) earned an average of $ 174,000 per creator in 2021. The music platform Spotify, which houses 11 million artists, earned an average of $ 636 per artist in 2021, according to the research report.
To return the power to the creators, Dixon said that the establishment of an improved infrastructure must be advanced. Slowing the market is often the best time to concentrate on this building, he added.
"It's a really exciting time," he said. "There are many great people who build logic and reason."
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Chris Dixon: Crypto Growth is consistent, uniled downturn from A16Z is not a financial advice.