The New Crypto Enabled Innovation - NFTS

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Nft stands for a non funcable token, which is just the term used to describe aunique disual asset whose ownership is tracked on a block chain. This can be really broad set of assets, from disual goods like virtual land and art work, to a claim on physical assets like real estate or clothing items. What's really powerful with crypto is you have all these open protocls that you can kind of plug into each other. And so when you have anof tes, you can plug them into desentialized systems and be ablethese n of ts with anyone in the world.

In this special “innovation overview” episode from April 2021, the a16z crypto team and other experts take you from the ground up of crypto and web3 — from the basics, to more recent developments, and beyond – through the lens of an oral essay with brief segments on what crypto is, how it really works, and where it’s going.

We chose this particular archive episode this week in honor of a new show that just launched: web3 with a16z. Hosted by Sonal Choksi, the previous showrunner of the a16z podcast network and longtime host of this show, and featuring the team at a16z crypto as well as leading scientists and makers in the space, this show is about the next generation of the internet, how builders and users now have the ability to "own" (web3) pieces of the internet, unlocking a new wave of creativity and entrepreneurship. The first two episodes are out this week, so check out and subscribe to “web3 with a16z” wherever you get your podcasts.