Andreessen Horowitz (A16Z) has added $4.5bn to its war chest to invest in crypto and Web3.
In Brief:
Crypto Fund 4 has been announced.
It will dedicate $1.5bn of the fund to seed stage investments.
This brings the total raised by the VC fund’s crypto efforts to $7.6bn.
What does this mean?
A16Z has commented we are in a “golden era” of crypto, even amid price crashes. Specific area mentioned for the fund to invest in include Web3 games, decentralised social media, NFT communities, privacy, creator monetisation and more.
