with @carrawu @eddylazzarin @0xkarmacoma and @smc90 @rhhackett

Welcome to our special end-of-year episodes -- which also look ahead to 2025 -- covering our annual Big Ideas lists, where various a16z crypto team members share what they are personally excited about. (You can see the firmwide list, also including all the trends of the crypto team, here.)

This episode is part 2 of 2 -- but you don't have to listen to them in any particular order -- covering the intersection of crypto & AI:

• agents that have their own crypto wallets -- and also AI agents in games; DePin/ decentralized physical infrastructure, like energy grids; and more; • proof of personhood, and why having a unique ID matters in a world of deepfakes, bots, scams and more is needed with proliferating AI; • decentralized, truly autonomous, chatbots (using TEEs or trusted execution environment).

Covering each of these -- and coming from the investing, engineering, and other teams -- are: Carra Wu, Eddy Lazzarin, and Karma (aka Daniel Reynaud); in conversation with hosts Sonal Chokshi and Robert Hackett, who also share some commentary at the top.

These are just a few of the 14 trends we shared; you can check out the full list at a16zcrypto.com/bigideas.

Also be sure to check out part 1, which covers the trends of stablecoins, app stores, infrastructure, and user experience.

As a reminder, none of the content is investment, business, legal, or tax advice; please see a16z.com/disclosures for more important information -- including a link to a list of our investments.