Amy, I just read that a16z's latest report shows a big link between AI users and crypto users. What’s that all about?
Oh yeah! a16z, the big crypto investment firm, found that many people who use crypto also use AI platforms, like ChatGPT.
Really? Why do you think that happens?
Well, it makes sense. Both AI and crypto are cutting-edge technologies, so the same group of people is curious about exploring them.
Ah, I get it. The report also said something about more crypto activity than ever before. What’s going on there?
Right, they mentioned that monthly active crypto addresses hit an all-time high: 220 million! That's a 300% increase since last year.
Whoa, that’s massive! Is there a reason for this spike?
One reason could be the rise of memecoins. Solana, for example, has 100 million active addresses, partly because of meme-based projects.
Memecoins still have that much influence? That's wild. Anything else interesting from the report?
Yeah, stablecoins are doing really well too. Even though crypto spot trading is down, people are still actively using stablecoins for transactions.
Stablecoins, like digital versions of regular currency, right? So they’re more reliable in value.
Exactly. And a16z says stablecoins have really found their 'product-market fit,' which means people are using them consistently.
Cool. The report also mentioned something called ZK proofs. What are those?
ZK stands for Zero-Knowledge. It’s a way to prove something is true without revealing any extra information. It’s super important for privacy and making blockchains faster.
Sounds futuristic! Why does a16z think ZK proofs are the 'endgame'?
Because they can help blockchains scale better and stay private at the same time. Plus, over $4 billion in Ethereum has been used for ZK proof verifications already.
Wow, that's a lot of money! It really shows how serious people are about blockchain technology.
Yep, and with AI and crypto growing together, we're likely to see even more innovations. It’s an exciting time!
For sure! I can’t wait to see what happens next with both of these technologies.