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In 2021, blockchain captured public attention with renewed fervor. Enormous growth in the number of NFT transactions and funding for crypto exchanges made headlines; notably, Coinbase (NASDAQ: COIN) publicly listed and FTX raised nearly $1.5 billion in disclosed deal value in the year. Though blockchain technology is far from mature, broad conceptual and technical underpinnings are taking shape, accelerated via increasing investor participation. In the past 12 months alone, successive venture funds dedicated explicitly to crypto have
continuously ballooned in size, with Andreessen Horowitz (a16z) most recently announcing its intention to raise $4.5 billion for two funds.1 Such eager participation, in concert with increasing corporate experimentation, suggests that blockchain is finally having its moment.
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