Andreessen Horowitz-Backed Daylight Launches DeFi Protocol to Tokenize Electricity Markets

Daylight, a blockchain startup supported by venture capital giant Andreessen Horowitz (a16z), has unveiled a novel decentralized finance (DeFi) protocol designed to bring electricity markets onchain. The innovative platform aims to tokenize real-world energy assets and data, enabling new forms of trading, financing, and grid management through smart contracts. This move seeks to enhance transparency and efficiency in the traditionally opaque energy sector by leveraging blockchain technology. The protocol allows for the creation of digital assets representing electricity generation, consumption, and future commitments, facilitating a decentralized marketplace for energy-related financial products. The backing from a prominent investor like a16z signals strong institutional confidence in the convergence of energy and decentralized infrastructure.