Andreessen Horowitz puts on the greatest crypto fund of all time with $ 4.5 billion
Andreessen Horowitz puts on the greatest crypto fund of all time with $ 4.5 billion
The risk capital giant Andreessen Horowitz (A16Z) has launched the greatest crypto venture fund of all time: $ 4.5 billion.
The Vehikel, the fourth of the company, brings the entire crypto and web3 stocks from A16Z to $ 7.6 billion.
The start makes a plan that was presented in January when the company was an updated published Investment thesis based on the "power of the software" as " of human thinking and, as such, has an almost unlimited scope of design ”.
"We believe that we are now entering the gold era of Web3," said General Partner Chris Dixon in a blog post in which the new fund was announced. "Programmable blockchains have progressed far enough, and a variety of apps have reached tens of million users. It is even more important that a massive wave of world-class talents has occurred [Web3] during last year."
talents flock to the industry during a bull market, Dixon told the audience at the Permission Less conference last week in Palm Beach and added that a bear market was the best time for builders to concentrate on what comes next.
The fund will invest in Web3 startups that cover the entire range of defi via games, infrastructure, daos, NFTS, data protection, decentralized social media "and many other areas".
The company also plans to expand its internal staff in order to cover the review requirements of additional startup investments.
We will also further expand the A16Z crypto business teams, which offer our founders first-class support that includes research and technology, security, talents and employees, law and regulation, market launch and much more.
- ariannasimpson.eth (@ariannasimpson) 25. May 2022
The A16Z crypto portfolio consists of several dozen companies, including large names such as Doper Labs, Dydx, OpenSea, Near, Solana, Phantom and Uniswap. The Neuste supplement is Flowcarbon, which builds on an on-chain-tokensation platform for carbon credits.
"Our frequent conversations with builders gave us self -confidence to get out great, and we are grateful to be your partner," wrote Dixon about the latest funds.
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The article Andreessen Horowitz launches the greatest crypto fund of all time with $ 4.5 billion.