It’s the oldest cliché in crypto: that blockchain still has no „killer app,” still awaits its „Netscape moment.” The term refers to the 1994 launch of the web browser that made it easy for ordinary people to surf the Internet. The web had been around for years, but Netscape’s arrival ignited a turning point that brought the „information superhighway” mainstream.
The crypto community has been waiting for its own version of this moment for years. And it may have just arrived. This past week saw the first U.S. Bitcoin ETF begin trading, more are on the way, and Bitcoin and Ethereum both hit new all-time highs.
„The browser moment has happened in the last year,” says Jesse Walden, an Andreessen Horowitz vet who just raised $120 million to start a second venture fund dedicated to early stage crypto. (Marc Andreessen co-founded Netscape, by the way.)
In a recent conversation we had, Walden made the case that recent events other than just price action—from the NFT explosion to the million
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