a16z

POKKET: Crypto Market Update (Aug 28)

POKKET: Crypto Market Update (Aug 28)

Bitcoin rebounded overnight to $49k, +4.2% and ETH is back to $3275, +5.1%. Movers are SRM +14%, REN +12%, FTM +11%, DENT 1INCH +9%, and rest are in between. a16z is openly discussing effective ways to exit on their crypto investments (IPO equivalent in the normie world), one by which is called ‘token delegation’ where delegation refers to the process where a token holder transfers their on-chain governance rights to others. Twitter’s @jack is planning to build a decentralised Bitcoin exchange t…