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Entrepreneurs have used the boom in digital currency to plot the next step of their Silicon Valley character arcs, but few of them have an active television series about their misdeeds.

Adam Neumann made his post-WeWork debut this week, co-founding a carbon credits market that raised $70 million in funding, half of which came from VCs.

We had to discuss the deal this week because it made waves on the internet.

We unpack and explain the latest news, drama, and trends on Chain Reaction, breaking it down block by block for the curious.

This week, we looked at the Neumann news and also looked at the latest mega-fund, which has quite a few zeroes. The firm launched its last fund less than a year ago. It comes at a time when the industry is in a bad place and the outlook is not good. This week we talked about FTX, a company that is looking to find ways to weather the storm.

Our guest: Grace Isford of Lux Capital

We had an interview with Grace Isford this week. Isford is an investor at Lux Capital, which focuses on security and scalability. In our wide-ranging conversation, we talked about how consumers can stay safe and embrace risk at the same time.

Every Thursday at 12:00 p.m., there is a new episode of Chain Reaction. The time is PDT. You can subscribe to us on Apple, or on an alternative platform.

Adam Neumann’s blockchain-based redemption story now sponsored by a16z