Happy Monday, Blockfolians

The Lead

If you’ve been anywhere near crypto Twitter today, you’ll have noticed that the total market cap of the industry has exceeded $2T.

That’s a phenomenal thing to see, given how recently we crested $1T.

It also has some claiming we’re at the verge of a new Alt Season. Yup, if you thought that term was going away this cycle, we’ve got some bad news.

With the Coinbase IPO right around the corner, it feels like we’re still heating up.

Subscribe now

Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.

Highly Relevant Reading

• Grayscale intends to convert Bitcoin Trust into an ETF

• The IRS is coming for your crypto

• A Gucci NFT?

• MicroStrategy won’t stop buying bitcoin

Community Commentary

One of the many flippenings: global crypto financing networks > VC

balajis.com @balajis

The VC Flippening

After gold, what’s the 1st industry that will be acknowledged to have been disrupted by crypto?

Probably VC.

Someone should track how much crypto capital has arisen, in DAOs and elsewhere, and graph the amounts vs traditional VC. (The speed is already 10X).

April 5th 2021

14 Retweets133 Likes

Oh my.

Mike Dudas @mdudas

lol, this is chef’s kiss perfection in terms of where we are in the cycle

April 5th 2021

10 Likes

A Really Big Number We Should Be Paying Attention To

10,000

That’s the number of active nodes on Bitcoin’s Lightning Network

Final Thought

A good list of resources

a16z @a16z

The NFT Canon
(@smc90 @cdixon @Iiterature @jessewldn @ljxie et al)
NFT Canon – Andreessen HorowitzThe a16z NFT Canon is a curated list of readings and resources on all things NFTs, organized from the big picture, what NFTs (non-fungible tokens) are and why they matter… to how to mint, collect, and do more with them — including how they play into various applications such as art, music, gaming…a16z.com

April 2nd 2021

28 Retweets99 Likes