A16z: gradual decentralization of the project through close proximity to the market, community participation and full decentralization

Jesse Walden, a partner at cryptographic investment fund a16z, recently published a long article called "progressive decentralization: the playbook for building cryptographic applications." It is mentioned that the three steps of the gradual decentralization of blockchain projects are: product alignment, community participation, and full decentralization.

The authors of the cryptography project face unique challenges, the article notes, and in addition to building the products people want, they need to consider how to operate successfully in a decentralized manner. For a decentralized system to work well in the long run, it must build leading-edge products from the start, iterate quickly, and plan its way to market. In this regard, Walden proposes a three-step strategy: make the product fit the market, encourage community participation through good incentives, and complete full decentralization through extensive Token distribution.

A16z, a cryptographic investment fund with $300m under management, focuses on investing in cryptographic companies and protocols and aims to bring the experience of traditional venture capital to the cryptographic world.

Text link:https://a16z.com/2020/01/09/progressive-decentralization-crypto-product-management

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