Horowitzs

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top…

Web3 has plenty of money going for it — well, yes quite a bit less than a few months ago — but it’s still hard to argue that mainstream consumers have lined up to embrace web3 internet services. There have been some flash-in-the-pan hits so far, but investors are still searching for consumer use cases that make the most of blockchains, tokens and NFTs, beyond just trading them. Andreessen Horowitz (a16z) GP Sriram Krishnan believes the incentive structures of web3 makes the space a natural fit for social networking,…