a16z's Crypto Thesis | Arianna Simpson, Ali Yahya
Empire
Is the L1 Game Over?
Do you think the L1 game is almost over? I think that's my real question. What we've seen so far is obviously a lot of progress in a really short amount of time. So all that said, we definitely don't have the end solutions fully baked yet.
In this episode of Empire, Arianna Simpson and Ali Yahya join to discuss a16z's crypto thesis. We start with Ali's network flywheel framework, the future of interoperability and protocol value capture. Do protocols have moats? Is the L1 trade over? Will applications accrue an outsized share of crypto's value?
We then discuss DAO governance, music NFTs, zero-knowledge proofs and crypto's open design space. This is one of those can't-miss episodes!
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Timestamps:
(00:00) Intro
(01:14) Crypto's Network Flywheel
(08:40) Is The L1 Trade Over?
(20:52) a16z’s Value Accrual Framework
(28:03) Circle ad
(29:45) Infrastructure Unlocks
(37:55) a16z’s Governance & DAO Philosophy
(44:33) Evolution of Web3 Gaming
(49:19) Music NFTs
(55:22) ZK Proofs & Building Privacy Into Blockchains
(1:00:33) What Feels Obvious That Others Are Missing?
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Follow Arianna https://twitter.com/AriannaSimpson
Follow Ali: https://twitter.com/alive_eth
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Resources
Ali's network flywheel tweet thread
https://twitter.com/alive_eth/status/1296831069065375749
Computers That Can Make Commitments (Chris Dixon)
https://a16z.com/2020/01/27/computers-that-make-commitments/
The Fat Protocol Thesis
https://www.usv.com/writing/2016/08/fat-protocols/
The Internet Economy
https://cdixon.org/2016/03/13/the-internet-economy
Commoditize Your Complements
https://www.joelonsoftware.com/2002/06/12/strategy-letter-v/
The Myth of The Infrastructure Phase
https://www.usv.com/writing/2018/10/the-myth-of-the-infrastructure-phase/
1000 True Fans
https://kk.org/thetechnium/1000-true-fans/
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
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