A16Z collects $ 4.5 billion for crypto investments-

21. Januar 2022

Krypto News Österreich

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A16Z, a leading VC company in the crypto area, is reportedly increasing its investments in this area this year. The company should search for $ 4.5 billion to invest in various cryptocurrency-related funds. This amount is more than twice the total amount that the company invested in Krypto last year.

A16Z doubles crypto

According to reports, A16Z will continue to be invested in projects in connection with cryptocurrencies this year. The VC company, which focuses on its investments on technology-related companies and has a fortune of more than $ 28 billion, is Search $ 4.5 billion to invest in two different crypto -related funds this year.

According to people who were informed at the exploration meetings to complete this fund, A16Z will strive for $ 3.5 billion to invest in a new cryptocurrency fund, and $ 1 billion to finance another fund that is geared towards seed investments in start-ups in the early phase.

The company is reportedly looking for various participants to receive support for the acquisition of these funds, and A16Z should strive for April as the month to achieve the goal. If the company really succeeds in raising the money, it would be one of the largest funds in the history of the cryptocurrency scene. Last year, A16Z invested more than $ 2 billion in crypto startups. This initiative would make up more than twice the sum that the company invested last year.

crypto investment and opposition

A16Z managed to make some early investments in the field of cryptocurrencies last year. In August the company cryptocurrency -based loan platform called TrueFi. In the same month also invested in a play-to-ear guild called yield guild games, which Identified investment opportunities in blockchain games.

Later, in October, the company Led Alchemy, one of the leading providers of Web3 infrastructures. And in November also A16Z LED Games, a blockchain gaming company.

The interest of A16Z and other companies in crypto, meta-verse and web3-related projects has recently been criticized. Jack Dorsey, the former CEO of Twitter, has Want to own, take it with the meta -verse through their investments in startups. Elon Musk also criticized the condition of web3 and explained that it was more of a catchphrase than a reality seemed to be, but he was excited to see what this movement could bring in the future.

What do you think of the new funds that A16Z wants to put on later this year? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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