BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
FOLLOW
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result

Andreessen Horowitz Launches Massive $4.5 Billion Crypto Fund

Alexa by Alexa
May 26, 2022
in Business, Crypto
Andreessen Horowitz Launches Massive $4.5 Billion Crypto Fund
Share on TwitterShare on Reddit

Silicon Valley-based venture capital firm, Andreesen Horowitz (a16z), announced today that it raised $4.5 billion for a new crypto fund. This will mark the firm’s fourth and biggest fund so far. 

Crypto fund 4 is twice the size of the firm’s prior crypto fund raised June last year, showing that despite the turmoil in the crypto market, a16z’s partners are still optimistic about giving exposure to promising web3 startups. 

A16z partner Chris Dixon wrote in a post: “We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users.”

“More importantly, a massive wave of world-class talent has entered web3 over the last year. They are brilliant and passionate and want to build a better internet,” he added.

The company has stated that $1.5 billion of the whopping $4.5 billion will go towards seed investments, with the rest set aside for venture investments. 

Dixon has expressed that the firm is “excited” about the latest advancements in sectors including decentralized social media, web3 gaming, layer-1, and layer-2 infrastructure, DAOs and governance, decentralized finance (DeFi), NFTs, creator monetization, regenerative finance (ReFi), and many other areas. 

A16z’s announcement comes amidst a downtrend in the general crypto market following the fall of the TerraUSD stablecoin and its sister coin LUNA. 

Despite the downtrend, the firms partner Ariana Simpson assured investors that the firm is confident about its decisions. 

In an interview with CNBC Simpson stated, “Bear markets are often when the best opportunities come about, when people are actually able to focus on building technology rather than getting distracted by short-term price activity.”

She continued, “the technical diligence and the other kinds of diligence that we do are a key part of making sure that projects meet our bar.”

“While our pace of investment has been high, we continue to invest really in only the top echelon of founders,” says Simpson.

Currently included in the firm’s crypto portfolio are Alchemy, Avalanche, Celo, Dapper Labs, Phantom Wallet, OpenSea, Solana, and Yuga Labs.

The firm invested in blockchain-based carbon-credit trading platform Flowcarbon, which is also backed by controversial WeWork founder Adam Neumann. 

Andreeseen Horowitz has also announced earlier this month their launch of GAMES FUND ONE, which is meant to invest $600 million across the gaming industry. 

Tags: a16z
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

binance bitcoin - Eth
Business

Binance Makes a Comeback in Belgium, Three Months After Order to Stop

September 27, 2023
Coinbase Logo over dotted map of Europe
Business

Coinbase Strengthens European Footprint with Bank of Spain Registration

September 27, 2023
Crypto Coins on European Flag
Crypto

European Investors’ Rising Confidence in Cryptocurrency Divergent From US Sentiments

September 27, 2023
Terra Luna Logo
Crypto

Terra Classic Community Votes to Stop Minting and Reminting USTC Tokens

September 27, 2023
Lazarus Group Text
Crypto

North Korean Hacker Lazarus Group Amasses Over $40M in Bitcoin – Report

September 27, 2023
Mixin Network Logo with hacker behind it
Business

Mixin Network’s Cryptocurrency Loss Arouses Questions and Concerns

September 27, 2023
Load More
Next Post
Luna 2.0 Jumps 97% ahead of Binance Listing after Plummet

Luna 2.0 Jumps 97% ahead of Binance Listing after Plummet

Crypto Firms Hunt for Acquisition Targets As Crypto Market Plummets

Crypto Firms Hunt for Acquisition Targets As Crypto Market Plummets

Cardano Steals Sixth Place with Recent Price Surge

Cardano Steals Sixth Place with Recent Price Surge

Related News

financial institutions cryptocurrency business

Financial Institutions Plunge into Crypto Realm, Balancing User Security with Expediency

July 6, 2023
CardanoCity

CardanoCity

July 21, 2022
X APP Crypto

Musk’s X Inches Closer to Becoming an Everything App with Cryptocurrency Payment License

August 31, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Featured
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
Discord Twitter Instagram TikTok
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Featured
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Pop Social Raises $4M in Strategic Seed Round September 27, 2023
  • Texas now leads U.S. Bitcoin mining, outpacing former leaders Georgia and New York September 27, 2023
  • Binance Makes a Comeback in Belgium, Three Months After Order to Stop September 27, 2023

© 2022-2023 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022-2023 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?