over the past decade and change a dynamic ecosystem has developed around cryptocurrencies and blockchains. And it’s constantly getting more complicated. We’ve now got non-fungible tokens, or NFTs, unique digital bits purchased with crypto that have mostly been associated with weird pieces of digital art and are an arena that looks very much like a bubble. There are stablecoins, cryptocurrencies that are supposed to be less volatile, pegged to something like the US dollar. There’s also the burgeoning world of decentralized finance, or DeFi, which tries to replicate a lot of the financial system but without intermediaries, and there are decentralized autonomous organizations, or DAOs, essentially internet collectives. Now, much of this is falling under the still-nascent umbrella of Web3, a relatively fuzzy reimagining of the internet on blockchains.