Goldfinch Africa lending dream ends in defaults and 99.8% token crash
Goldfinch was supposed to use crypto and decentralization to distribute loans to creditworthy borrowers in developing markets like Africa.
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Goldfinch was supposed to use crypto and decentralization to distribute loans to creditworthy borrowers in developing markets like Africa.
Read more (4 min) →a16z's Chris Dixon claimed that the firm would never invest in a token with a public token sale, but it seems it repeatedly did.
Amid falling returns and billions lost to scams, it's becoming increasingly difficult to take a16z's claims about web3 seriously.
If it's true that a16z holds the rumored amount of UNI tokens, it would be able to unilaterally reach quorum for voting on Uniswap proposals.
Andreessen Horowitz (a16z) sold crypto before the crash, leaving early investors with a return. But its four crypto funds are plummeting.
a16z has significantly slowed down investments in crypto firms, amid a bear market that has its flagship crypto fund down 40%.