We're announcing a16z crypto's Fund 5: $2.2B in committed capital to back the startups and founders who are building the next era of crypto. All four GPs sat down to talk through where crypto is right now, what's changed, and where it may be headed next. Chris Dixon, Ali Yahya, Guy Wuollet, and Eddy Lazzarin join Robert Hackett to cover... 00:00 Open 01:31 Why raise Crypto Fund 5 now 02:10 The GENIUS Act and what regulatory clarity unlocks for builders 04:32 Why stablecoins are crypto's WhatsApp moment 08:54 Why the next era of crypto founders will be pragmatic, not ideological 11:49 From cypherpunk revolution to crypto's "collared shirt era" 15:02 Programmable money meets AI 21:15 Onchain capital markets for compute, energy, and credit 25:57 Why finance is the foundation, not the ceiling 28:48 AI agents as first-class economic actors 38:19 Why privacy is the only moat 41:26 Jevons paradox and the future of blockspace demand 43:20 Jolt and the zero-knowledge breakthrough 58:15 Writing the next chapter of Read Write Own Resources: Chris Dixon on X: /cdixon Ali Yahya on X: /alive_eth Eddy Lazzarin on X: /eddylazzarin Guy Wuollet on X: /guywuolletjr Robert Hackett on X: /rhackett Follow a16z crypto: X: https://x.com/a16zcrypto LinkedIn: https://www.linkedin.com/showcase/a16zcrypto/posts/ YouTube: https://www.youtube.com/@a16zcrypto Subscribe for more industry reports, trend updates, news analysis, builder guides, and other resources: https://a16zcrypto.substack.com/subscribe/ *** As always, none of the following should be taken as investment, business, legal, or tax advice. Please see a16z.com/disclosures for more important information, including a link to a list of our investments. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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