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Narrative over numbers: Andreessen Horowitz's State of Crypto report

  • Article
  • May 9, 2023
  • #Cryptocurrency
Molly White
@molly0xFFF
(Author)
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Crypto’s a tougher sell these days. The string of high-profile collapses that made international headlines throughout 2022 are fresh in everyone’s minds, NFTs have developed a wides... Show More

Crypto’s a tougher sell these days. The string of high-profile collapses that made international headlines throughout 2022 are fresh in everyone’s minds, NFTs have developed a widespread reputation of being kind of cringe, and when I (rarely) mention blockchains to people in real life, the most common reply I get is, “that’s all a scam, right?” After mostly negative price movement, the recoveries over the past few months still leave the Bitcoin price down more than 40% from the beginning of 2022.No one seems to be saying “WAGMI” anymore, and I haven’t been told to “have fun staying poor” as a no-coiner in a very long time. A lot of the loudest crypto pushers have moved on to greener pastures, rebranding as “AI influencers”.

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Martin Kleppmann @martinkl · May 12, 2023
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Terrific work by @molly0xFFF @web3isgreat
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