Mainstreaming NFTs: Use Cases, Art, More
web3 with a16z crypto
Is There a Cost to Compliance?
With our crypto portfolio, I mean, the first few million dollars and ultimately tens of millions of dollars goes into lawyers and legal fees because of all this uncertainty. Meanwhile, they were competing with offshore companies. It was sort of this constant game of whack-a-mole where the offshore companies would be able to move much faster, have a much wider range of products. So yeah, I definitely think that's frustrating. There are some very positive green shoots in the policy arena but we need to continue to work to explain these issues.
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