A16z crypto has backed a number of winners, including the crypto financial services firm Anchorage, the prediction market Kalshi, and the decentralized exchange Uniswap. Still, other investors in digital assets have scrutinized the philosophy espoused by Dixon, summarized by his 2024 book Read Write Own. Dixon has been a champion of the “Web3” approach to crypto, arguing that blockchains can create decentralized versions of internet applications and plumbing, from social media platforms to lending protocols.
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