Miles Jennings

@milesjennings

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1506 Followers

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In this episode, we talk about one of the most familiar — and most misunderstood — mechanics in crypto: the airdrop. We explore the history of airdrops in and outside crypto, the challenges of incentive design, and learnings from airdrops to date. We also answer questions like how do you avoid Sybil attacks and professional airdrop farming? Should your drop be big or small, one-time or ongoing? And what happens when AI agents enter the mix? To break it all down, we’re joined by @eddy, @darenmatsuoka, @andyhall, & @hackr Whether you’re planning a token launch, looking for token rewards, or just curious why airdrops have become such a powerful mechanism in crypto — this episode is for you. https://a16zcrypto.com/posts/podcast/all-about-airdrops/

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+/ For more (30+ posts across 250+ pages), see: https://a16zcrypto.com/team/miles-jennings/

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10/ NFT Licenses – Overview of licensing for NFTs and introduction to the “Can’t Be Evil” NFT licenses. https://a16zcrypto.com/posts/article/introducing-nft-licenses/

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9/ Decentralized Governance – How the creation of a Machiavellian DAO can drive more effective decentralized governance – a system that incentivizes competition, empowers rivals and uses non-token based voting. https://a16zcrypto.com/posts/article/machiavelli-principles-dao-decentralized-governance/

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8/ DAO Framework - Introduction of a new legal entity form, the Decentralized Unincorporated Nonprofit Association (DUNA), specially tailored for DAOs. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4749245

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7/ DAO Framework – A legal entity selection framework for DAOs and discussion of the many risks of offshore structures. https://api.a16zcrypto.com/wp-content/uploads/2022/06/dao-legal-framework-part-2.pdf

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6/ DeFi Framework — Exploring how regulation of DeFi should only focus on areas where intermediary-related risks arise. Following this principle provides a roadmap for frontend app, smart contract, blockchain, and decentralized governance design. https://a16zcrypto.com/posts/series/regulate-apps-not-protocols-ranp/

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4/ Protocol Designs for Decentralization – How decentralization can be incentivized in different complex smart contract protocol models, including social, NFT and RWA protocols. https://a16zcrypto.com/posts/article/web3-decentralization-models-framework-principles-how-to/

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5/ Token Launches – 5 simple rules for token launches that every entrepreneur should know and (still!) follow. https://a16zcrypto.com/posts/article/5-rules-for-token-launches/

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3/ Control-Based Decentralization Framework — In this SEC submission, we demonstrate how a new control-focused approach to decentralization can be used to tackle the most significant and complex crypto issues under securities laws. https://api.a16zcrypto.com/wp-content/uploads/2025/03/a16z-Crypto-SEC-RFI-Questions-1-through-6-March-13-2025.pdf

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2/ Incentivizing Decentralization – Exploring why decentralization matters and needs regulatory incentives. Centralization is a natural force like gravity, but blockchains can help us escape it. https://a16zcrypto.com/posts/article/why-decentralization-matters-incentivizing-decentralization-incentives/

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Over 4 years at @a16zcrypto, I've found writing to be the best tool for exploring crypto’s complexity—from advising founders to constructing policy. It’s a discovery engine that demands clarity, consistency and transparency. Here are 10 posts I learned the most from writing:

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1/ Defining Tokens — A taxonomy for making sense and categorizing the endless array of token types. Looking at the sources of value accrual makes it easy to distinguish ETH, FTX’s token, USDC, TRUMP, CryptoPunks and even APPL stock. https://a16zcrypto.com/posts/article/defining-tokens/

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For more, see: https://a16zcrypto.com/posts/article/network-tokens-vs-company-backed-tokens/

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Network Tokens (BTC, ETH, SOL) vs. Company-Backed Tokens (FTT): 1️⃣ Is the system open? 2️⃣ Do network effects accrue to the system/token? 3️⃣ Can tokenholders accrue independent value? If yes, then whether it's a L1, L2, DeFi or gaming token, it's likely a network token:

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Jason Rosenthal

1/ I’m excited to announce the cohort for our fourth Crypto Startup Accelerator program (CSX 04), starting this week in San Francisco. CSX helps early-stage startups building on blockchain technologies to accelerate development and product-market fit. It is an intensive program that provides the expertise, mentorship, and support that startups need to build ambitious products across industries. Over the next two months, the founders of these companies will get firsthand guidance and support from a16z crypto’s investing and operating teams. We connect founders with capital, industry experts across the a16z network, and a cohort of leading web3 teams. a16z CSX also invests a minimum of $500,000 in each company that’s accepted. The founders in CSX 04 are coming to San Francisco from countries around the world: Canada, France, Germany, South Korea, United Arab Emirates, and across the US.

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A personal update! After an incredible 3.5 years at a16z crypto, I've decided to join my brother @3lau to build a new crypto protocol @joinroyal! There are a few other things in the works too—more on that soon 👀 I am deeply grateful for having the opportunity to be a part of the a16z crypto team. @cdixon.eth, @asimpson, @alive, @eddy, @milesjennings, and @kimbatronic, you have created the most extraordinary team in the industry, and I'm endlessly thankful for your mentorship and support over the years. To the investment team (you know who you are): You're not just colleagues—you're family. You are all exceptional, and I've learned so much from each of you. It's been an immense privilege to work with so many brilliant founders. You are the ones on the cutting edge shaping the future of crypto, and you've inspired me more than anyone. I've always had the desire to build—and now I get to do it alongside my brother. It truly doesn't get better than that. What are we building? Stay tuned :)

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Our full letter can be found here: https://a16zcrypto.com/posts/papers-journals-whitepapers/sec-rfi-creating-a-safe-harbor-and-crowdfunding-regime-for-collectible-tokens-nfts/

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