a16z crypto
The crypto and web3 investment arm of Andreessen Horowitz (site now a16zfrontier.com). Its yearly State of Crypto report tracks on-chain activity, builders and use cases, including games and NFTs.
Connections
Each row is a game or company named alongside a16z crypto, each column a document, oldest first. A mark means that document names it. Select a row to see those documents.
Documents
State of Crypto: 2024
This is a16z crypto's "State of Crypto 2024" presentation, covering the state of the crypto industry through September 30, 2024, with figures drawn from sources including Dune, Artemis, Sensor Tower, Morning Consult, Polymarket, and a16z's own Builder Energy Dashboard.
- Monthly active crypto addresses reached an all-time high of 220 million, with 100 million on Solana and 6 million on Ethereum.
- The document estimates 30-60 million monthly active users, which it says is only 5-10% of crypto owners, estimated at 617 million globally.
- Stablecoin transaction volume in Q2 2024 was $8.5 trillion across 1.1 billion transactions, compared with $3.96 trillion for Visa.
State of Crypto 2023
A 2023 a16z crypto publication titled "State of Crypto 2023" presents an overview of the web3 industry, covering developer activity, product launches, scaling, regulation, and adoption metrics.
- Ethereum's transition to proof-of-stake reduced its energy consumption by more than 99.9%, according to the document.
- The document estimates PoS Ethereum's annualized energy use at 0.0026 TWh, compared with 78 TWh for PoW Ethereum.
- Consumers spent an estimated $67.9 billion on digital in-game purchases in 2022, and 717 new web3 games launched last year.
State of Crypto: 2022
This overview report from the venture firm a16z crypto, titled "State of Crypto: 2022", surveys the state of web3 as of May 2022, with most market data dated 5/12/2022.
- DeFi total value locked grew from nearly zero to over $100 billion in less than two years, according to the report's chart data.
- The report says DAOs have accumulated more than $10 billion in treasury assets under management.
- The report states that web3 platforms have drastically lower take rates than internet giants today.
Reports about a16z crypto
1 document by other writers names a16z crypto in the title or summary.
Web3 Gaming Investments in 2020-2024: The Highs, The Lows, and The Future
Web3 gaming investment between 2020 and mid-2024 shows a market shaped by a boom-and-bust cycle, concentrated capital, and unproven business models.
- Investment focus has shifted from infrastructure to content, with game developers and publishers now accounting for over 60 percent of both capital raised and total deals, up from 40 percent in 2020.
- Capital deployment is highly concentrated, as four major investors—including a16z and Animoca Brands—are responsible for 82 percent of all capital deployed and 32 percent of total rounds between 2020 and mid-2024.
- The web3 gaming sector has yet to produce a billion-dollar exit or a high-profile liquidity event, creating a significant gap between early-stage funding and realized market value.
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