In a16z we Trust?

Major VC Heads to Washington

Do you remember the Top 2 guys that were recently plucked from Facebooks Crypto Team Diem?  They were scooped up by no other than a16z, a major investor in Crypto and decentralized technologies.  

The actual firm goes by the name of Andreessen Horowitz and has been labeled one of the bigger Crypto VC’s out there.  They have a triple fund for Crypto and what they call web3 that totals over $3.1 Billion.  So they are no small fry when it comes to the space.  And now they are headed to Washington.

Web3 and Regulation

So the team is headed to Washington to shed their ideas on how web3 should be regulated, overseen and how future challenges can be resolved.

This is a bit of a touchy subject here.  We clearly do not want to leave anything in the hands of lawmakers who have proven for decades that they don’t know anything about technology, let alone something as recent as Crypto but on the other hand, is a16z, a VC with Billions of dollars really who we want at Washington to lay out the groundwork?

I guess that question can’t be answered until Andreessen Horowitz discloses who they are actually sending to do the smooth-talking to the White House and Congress.

Regardless of the outcome – Crypto will be fresh on the mind over in Washington once again.

You can read more about this topic here.

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SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto management platform for the masses. SafePal provides hardware wallet and software wallet product lines, all paired and managed through the SafePal App, where users can easily store, manage, swap, trade, and grow their crypto wealth.

Tribe is the governance token for the FEI algorithmic stablecoin. Fei aims to provide a new decentralized solution to the stablecoin market. Existing stablecoins are either fiat-collateralized and, therefore, centralized or crypto-collateralized, making them capital-inefficient. Other algorithmic stablecoins suffer from no liquidity backing the peg, making them inherently unstable or centralize rewards to seigniorage stakeholders. FEI proposes a model similar in design to fractional reserve central banking, where the protocol issues FEI for a subsidized price against ETH at its genesis event and subsequently uses the incurred Ether as a treasury to maintain the peg. TRIBE is the governance token of the DAO controlling the governance of FEI and can be used in governance proposals or swapped for FEI in a UniSwapV2 liquidity pool.

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