By Vin Narayanan on December 22, 2022
There are many things we can learn from the FTX debacle. First, and most importantly, FTX’s core problems had little to do with crypto. Fraud, mismanagement, hubris and lack of board oversight — among other things — created an unnecessary crypto crisis where countless crypto investors lost their money. The other big lessons to learn are the dangers of centralization and fragility. One of the driving forces behind crypto’s adoption is…
By Vin Narayanan on December 14, 2022
I had planned on writing about startups today. A major scientific breakthrough in fusion happened this week. The implications for humanity and startups are astounding. But then two massive crypto stories broke, so startups (and fusion) will have to wait.
By Early Investing on October 4, 2022
Web3 is the vision for a new version of the internet that’s built on decentralization, blockchain technology and token-based economics. A key part of Web3 will be the metaverse — a virtual world that often incorporates elements of virtual or augmented reality. And people will own their data. …