Is finance crypto’s first chapter or its final form? VCs weigh in…
Has the future of cryptocurrency in finance been firmly established, or is the potential for non-financial applications only beginning to unfold?
Chris Dixon, Managing Partner at a16z Crypto, rejected the narrative, stating,
“It’s fashionable right now to declare that non-financial use cases of crypto are dead.”
He explained that blockchains introduced a coordination primitive, with finance emerging first because infrastructure had to develop before other sectors.
Haseeb Qureshi, Managing Partner at Dragonfly, responded directly by challenging the idea that regulation was to blame. He asked why finance thrived despite facing even stricter scrutiny.
In his view, consumer crypto failed because of weak demand rather…
