Stu Lustman

Microsoft is not betting on crypto lightly. M12, Microsoft’s venture fund, led a $20 million investment in Space and Time back in 2022. Now that bet is paying off in a direction nobody saw coming. Space and Time just launched Dreamspace, a no-code AI app builder that lets anyone generate and deploy a fully functional onchain app without writing a single line of code. That’s a big deal. Let’s talk about why. What Is Dreamspace?

Something quietly happened in the identity space this week. Most people haven’t processed it yet. World just released the biggest upgrade to World ID since the protocol launched. And I think it matters more than the headlines suggest. Here’s why. The old problem The internet has a bot problem. You know this. Dating apps filled with fake profiles. Concert tickets snatched by automated scalpers before a human can click “buy.” Gaming leaderboards where you’re competing against scripts, not people.

The numbers are in. And they aren’t pretty. The total crypto market cap fell 20.4% in Q1 2026, dropping $622 billion to close March at $2.4 trillion. That puts crypto sitting roughly 45% below its October 2025 peak. Two consecutive quarters of decline. That’s not a dip. That’s a trend. So what actually drove this? And what does it mean going into Q2? Let’s get into it. The Trigger Nobody Saw Coming Most people blamed the market on macro sentiment. Fair enough. I mean there is a war on.