Andreessen Horowitz has launched a new $4.5 billion fund to invest in crypto companies.
Andreessen Horowitz he is well known in the venture capital industry as an early investor. Newly, the company announced the launch of thea new $4.5 billion fund to invest in start from crypto and blockchain.
New investments in crypto.
The new fund is the fourth fund crypto D’Andreessen Horowitzoften appealed a16z. Indeed, this new investment brings the total amount raised in investments in the crypto and blockchain for society at $7.6 billion.
Crypto funds 4 https://t.co/H7ubIZ6b6h
— cdixon.eth (@cdixon) May 25, 2022
The long-time general partner Chris Dixon will oversee the cryptocurrency funds. Dixon who recently appeared on the Forbes Midas list for his early investments in the cryptocurrency exchange coinbase. Furthermore, sOf the $4.5 billion, $1.5 billion will go to seed investments and the rest to venture capital.
According to the announcement: “We believe we are now entering the golden age of Web 3. We have a strong focus on blockchain gaming, decentralized finance (DeFi). More fairly on decentralized social networks and irreplaceable alternatives. the development of coins (NFT).
As a reminder, previous funding has been raised in June and April 2020. Specifically, both funds came shortly after the crypto market slowed down. Despite this, the cryptographic unit ofAndreessen Horowitz appears to be well positioned to continue to invest in the industry and have its operations evaluated.
Bonus: The European Central Bank claims that cryptocurrencies are not suitable as a reserve asset.
An opening on the venture capital company a16z
As a reminder, Andreessen Horowitz it’s fine withnu in the venture capital industry as long asearly investor in many companies in the Web2. Cell included Airbnb, Twitter, Facebook, Pinterest and Bandaged. In 2013, he made the first crypto major in investing Ripple and coinbase the same year.
After her early investments in crypto, she never lost her interest in the industry. Therefore, he continued to seek funding to invest in the start of crypto during the bear market of 2018. avalanche, Arweave, dapper Laboratories, Deep sea and Solana are part of his start crypto.
To go further: Google in which a new head of product marketing to lead are the World Wide Web3 team.
