Venture capital firm Andreessen Horowitz (a16z) has just launched a new site called Future. It is a site for "understanding the future, how tech shapes it, and how we build it." I just subscribed to it and, if you'd like to do the same, click here. At the same time, the company also just announced their latest crypto fund (a $2.2 billion fund). Here's an excerpt from the release:
We believe that the next wave of computing innovation will be driven by crypto. We are radically optimistic about crypto’s potential to restore trust and enable new kinds of governance where communities collectively make important decisions about how networks evolve, what behaviors are permitted, and how economic benefits are distributed.
I've been reading a lot more about crypto over the last few months (which is something that I mentioned I was doing here.) I am not in this world day-to-day, but I am now fully convinced that we are in the very early innings of a profound shift. So pretty soon this is going to become my day-to-day, whether I like it or not.
I am still catching up on reading after being mostly offline last week, minus short windows where I would go online to upload these daily blog posts.
Here is a post that Fred Wilson wrote on new year’s eve about “what happened in 2017.” It has become a tradition of his to write a “what happened” post on the last day of the year and a “what is going to happen” post on the first day of the new year. He then uses these posts to keep track of how well he does on his predictions for the year.
His three headlines for 2017 were: (1) crypto; (2) the beginning of the end of white male dominance; and (3) the tech backlash (i.e. tech is the new Wall Street). It is worth a read. Crypto was an obvious one, but he has been writing about it – and investing in the space – for years. Of particular interest in this post is how he positions it as the basis for Internet 3.0 (the decentralized internet).
What is also clear from the post is just how ingrained tech has become in our everyday lives and how much it reaches beyond simply the tech industry. I have been saying this for years, which is why I spend a lot of time writing about it on this blog.
There’s certainly lots of buzz these days around the Blockchain and cryptocurrencies.
Some of it is negative.
Here is a recent New York Times article talking about how celebrity-endorsed “initial coin offerings” have created a new gold rush. Most of these ICOs are scams.
But some of it is quite promising.
Here is a brief summary of how the Blockchain is being leveraged for the real estate industry. Many jurisdictions are already using it, or experimenting with it, for their land registries.
I’ve been writing about Bitcoin sporadically since about 2013. But I really should spend more time getting deeper into this world. Many believe it will underpin the next wave of innovation in the tech space.
