Venture capital firm Andreessen Horowitz (a16z) has announced its new $4.5 billion fund for crypto and blockchain startups.
Andreessen Horowitz (a16z) will spend on crypto and blockchain startups, CNBC reported on May 25. 4.5 billion dollar of the fund 1.5 billion dollars part to seed investments and 3 billion dollars He said he would do it for start-up projects.
First launched 4 years ago The company, which has three funds in total, has so far been involved in crypto and blockchain initiatives. $7.6 billion said to be separated. The company today to be among the biggest investors continues.
Andreessen Horowitz’s partner, Arianna Simpson, told CNBC:
Bear markets are generally good opportunities to invest. It is the time when investors can see the technology of the ecosystem in short time frames without being stuck with price movements.
said.
Also, Simpson said, “Investors should not worry about our investments.” made statements.
Known for its big investments such as Instagram and Lyft, a16z, He made his first investment in cryptocurrencies in 2013. He made it to the US-based crypto exchange Coinbase in 2016. The company has since Alchemy, Avalanche, Solana, Bored Ape Yacht Club developer Yuga Labs and Opensea including many crypto firms made investments.
Last week, Andreessen Horowitz, in order to invest in all the opportunities they see in the gaming industry. 600 million dollars announced that it had started a fund and stated that they believed the games would form the infrastructure of the metaverse.
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