a16z crypto (@a16zcrypto) on X (original) (raw)

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  We've raised $2.2B in committed capital to invest in the next generation of crypto. Announcing Crypto Fund 5
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  Today’s fees are tomorrow’s startups.
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  AI can't own property. AI can't sign contracts. AI can't start companies. (Unless it's onchain.)
  @sreeramkannan
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  Replying to @a16zcrypto and @Morpho
  How is onchain finance different? “The entire inefficiency of the financial system comes from the fact that you have 50,000 databases that are asynchronously updating each other, that don’t trust each other.” Onchain finance replaces that with a shared, open substrate.
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  Replying to @a16zcrypto and @Morpho
  Is DeFi lending too risky? “The way one should reason about risk when they get into those products is mostly two things. You have the operational risk, like literally, the code, is it safe? And you have the market risk, like, is the person that is borrowing the fund gonna
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  Replying to @a16zcrypto and @Morpho
  Why are institutions paying attention now? “Distribution is coming onchain. There’s a lot of money onchain that’s underserved in terms of yield, in terms of financial products.”
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  Replying to @a16zcrypto
  What is Morpho? "Crypto is about exchanging money without banks.
  @Morpho
  is about lending and borrowing without banks."
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  Big day for
  @Morpho
  . Last year, we sat down with
  @PaulFrambot
  and had him explain it from scratch: what it is, why institutions suddenly care, and where he thinks finance is headed. Five answers 👇