This podcast explores key findings of the 2023 a16z Crypto Report, emphasizing the distinction between financial cycles and product cycles in the crypto market. It highlights the significance of DeFi, NFTs, and developer activity as non-financial investments, drawing parallels between developers and cities. The episode also discusses the role of verified smart contracts as an indicator of product launches, the current state of NFTs and royalty models, as well as the outlook for Web3 gaming and potential shifts in crypto leadership and development. Additionally, it examines the impact of technological advancements on power structures and the multidimensional nature of crypto's health from a product perspective, excluding price fluctuations.
