Are Crypto Funds Outdated?
Miles Jennings, Head of Policy and Chief Counsel at a16z crypto, proclaimed the end of crypto funds, stating that organizations like Ethereum, Solana, and Sui have outlived their usefulness.
In his opinion, in most cases, they slow down the progress of the crypto industry and "create more friction than decentralization."
Jennings also believes that regular development companies are focused on growth and real impact, rather than charitable funding or uncertain mandates.