Long lockups are crucial for the success of crypto projects as real technology takes years to build. By imposing self-lockups and holding 94% of the tokens in their crypto funds, Andreessen has demonstrated a commitment to the long-term success of the projects they invest in. This strategy has enabled them to weather market fluctuations and focus on the potential long-term value of the projects. Beyond speculation, potential compelling use cases for blockchain technology include social networking, finance, NFT media businesses, and collaborative storytelling.
Kara and Scott discuss Amazon bringing ads to Prime Video, the jury's $83 million verdict against Donald Trump in the E. Jean Carroll defamation case, and the FTC's investigation of Big Tech's involvement in AI. Then, will the uproar over Taylor Swift and George Carlin deepfakes finally lead to regulation? Plus, what do the ongoing media layoffs mean for the future of journalism? Our Friend of Pivot is Chris Dixon, founder and managing partner of A16Z Crypto, and the author of "Read Write Own: Building the Next Era of the Internet." Chris explains why he (still) thinks crypto and blockchain are the future.
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