A few of the things we’re excited about in crypto (2024)

a16z's crypto partners list several developments they expect in the year ahead, including decentralized governance, better user experience, and AI-blockchain integration. Miles Jennings argues that decentralization matters because it lets systems resist the control of a few leaders, and that web3's experiments are producing better governance practices. Eddy Lazzarin says new tools such as passkeys, smart accounts, and embedded wallets could reset crypto's user experience, which has changed little since 2016. Andy Hall, Daren Matsuoka, and Ali Yahya argue that decentralized networks could democratize AI development. Other sections cover play-to-earn games, formal verification of smart contracts, NFTs as brand assets, and SNARKs.