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“Our 2023 report aims to address the imbalance between the noise of fleeting price movements– and the data that tracks the signals that matter, including the durable progress of Web3 technology. Overall, the report reflects a healthier industry than market prices may indicate, and a steady cycle of development, product launches, and ongoing innovation,” wrote a16z’s Daren Matsuoka, Eddy Lazzarin, Robert Hackett, and Stephanie Zinn in an blog post.
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