Andreessen Horowitz relies on the golden age of cryptotechnology with a new 4.5 billion dollar fund

Andreessen Horowitz has launched a $ 4.5 billion cryptocurrency fund and thus, despite the dramatic market crash, has made its biggest bet on the future of blockchain technology.

The risk capital company based in Silicon Valley said on Wednesday that it was around 1.5 billion

The new fund is the fourth and largest of Andreessen, which focuses on cryptocurrency investments and increases its total investments in the area to more than $ 7.6 billion.

The Financial Times first reported on Andreessen's plans in January, as VC companies in the middle of a frenzy in the markets about rising prices and new applications of blockchain technology such as not fungible tokens, which are called "Web3" movement, increasingly plunged into Krypto.

Since then, however, the speculation boom has weakened, since the recent interest rate increases caused investors to flee from the most risky angles of the global financial markets. The sale has hit crypto tokens such as Bitcoin and those who provide the underlying infrastructure such as crypto exchanges and lenders.

Despite the so-called "crypto winter", Chris Dixon, managing partner and founder of Andreessen's crypto arm, said that the group believes that the room reaches a new "golden era", in which "new talents, sustainable infrastructure and community knowledge" spur quickly innovations.

"We believe that blockchains will drive the next large computing cycle," he said. "That's why we decided to get out big."

Web3 supporters such as Dixon usually try to use distributed LEDGER technology in order to enable users more control and possession through their data. They also try to mediate the Big Tech groups, monetize the data as part of their advertising-based business models-and which in the past typically have been the recipients of VC financing.

DIXON said that the company aims at start-ups of all phases in areas such as decentralized social media and decentralized autonomous organizations that aim to be ruled by code. Among other things, he quoted NFT communities, monetization of creators and decentralized finances.

The company can invest in companies as with normal start-ups or invest in tokens or coins that generates a specific project.

ARANNA SIMPSON, General Partner at Andreese, said: "What we have seen is that many of the best protocols and companies are actually built up in times of market instability or downturn. Because it really enables people to concentrate on technology and construction instead of being distracted by short -term price fluctuations."

She added that the company concentrated on "the 5-, 10-year horizon and beyond"

Last week, Andreesen announced that it raised $ 600 million for the foundation of its very first gaming fund, with a focus on investments in gaming apps, studios and infrastructure to support the establishment of a virtual world called MetaVers.