In a recent interview with CNBC's 'Squawk Box', prominent crypto investor Chris Dixon, who serves as general partner at Andreessen Horowitz, highlighted the transformative potential of blockchain technology and claimed that this technology is key to shaping the future of the internet.
The call covered a number of topics, including the U.S. Securities and Exchange Commission's (SEC) recent decision on spot Bitcoin ETFs, the state of the NFT market, the overall crypto landscape, and the future regulatory outlook for the industry.
Dixon, who runs the impressive $7.6 billion crypto arm of Andreessen Horowitz, is associated with major investments in the crypto space, including Coinbase, Uniswap, Solana and OpenSea.
The meeting discussed the SEC's recent decision regarding Bitcoin ETFs, and Dixon expressed optimism regarding institutional adoption of cryptocurrencies. Seeing the decision as a positive development, Dixon said there is potential for crypto-related financial instruments to gain wider acceptance in the future.
When asked about the difference between crypto as a form of money and their other uses, Dixon noted the importance of blockchain as an experiential technology. He stated that blockchains offer a new way to create internet services, going beyond financial applications to include games, social networks and a variety of other services.
Regarding the future of NFTs (Non-Fungible Tokens), Dixon dismissed notions that they were on the decline, saying their importance had been exaggerated. He pointed out that NFTs have a wide range of uses beyond avatars and gave examples such as selling digital products for musicians and creating new social networks.
*This is not investment advice.
