Crypto Market Structure 3.0

The Missing Link Between Web2 and Web3: Custody - a16z crypto
Andreessen Horowitz (AZ)future.a16z.com
Crypto projects that have grown through token incentives have faced similar challenges to Web2 startups that burned through piles of venture funding. The data is quite clear that most subsidized liquidity is highly mercenary. Hence, we're starting to see more thought out liquidity mining products including OHM and Rift.
Lattice Capital • The Web3 Growth Playbook
