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5 Key Takeaways From a16z's State of Crypto Report

The Breakdown

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Is There a Death Spirale?

Novegratz has decided to leave his tattoo saying that it will be a constant reminder that venture investing requires humility. delphi digitl they also wrote a long blog post explaining their take on things. Even at luna's peak price this year, luna and other terra assets made up only about 13 % of net asset value across delphi ventures. Still, they admit that they just missed a lot of this. This is a story that well continue to play out. I don't think we've heard the last of the impact to funds in terms of redemptions or questioning judgment.

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