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News

A16z’s Crypto Fund Dropped 40% In The First Half Of 2022

October 26, 2022 - Around 2 mins mins to read
The flagship crypto fund of venture capital company Andreessen Horowitz, commonly known as a16z, has dropped by more than 40% in the first half of this year, according to the Wall Street Journal, citing people familiar with the situation.
A16z’s Crypto Fund Dropped 40% In The First Half Of 2022

A16z has invested over $7.6 billion in crypto and Web3 startups through four funds, the most recent of which was created in May.

The new fund was established during a cryptocurrency market decline, with the main assets, such as Bitcoin (BTC) and Ether (ETH), losing more than 70% of their value since the fourth quarter of 2021. Speculative assets centered on decentralized finance (DeFi) and Web3 have been hammered even harder, with some falling 90% in less than a year.

Chris Dixon, the creator of a16z’s crypto unit, told the Wall Street Journal that he is unconcerned about the recent drop in cryptocurrency prices. He stated:

“What I look at is not prices. I look at the entrepreneur and developer activity.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

#Bitcoin

A16z

crypto

crypto fund

Web3

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

A16z’s Crypto Fund Dropped 40% In The First Half Of 2022

The flagship crypto fund of venture capital company Andreessen Horowitz, commonly known as a16z, has dropped by more than 40% in the first half of this year, according to the Wall Street Journal, citing people familiar with the situation.
A16z’s Crypto Fund Dropped 40% In The First Half Of 2022

A16z has invested over $7.6 billion in crypto and Web3 startups through four funds, the most recent of which was created in May.

The new fund was established during a cryptocurrency market decline, with the main assets, such as Bitcoin (BTC) and Ether (ETH), losing more than 70% of their value since the fourth quarter of 2021. Speculative assets centered on decentralized finance (DeFi) and Web3 have been hammered even harder, with some falling 90% in less than a year.

Chris Dixon, the creator of a16z’s crypto unit, told the Wall Street Journal that he is unconcerned about the recent drop in cryptocurrency prices. He stated:

“What I look at is not prices. I look at the entrepreneur and developer activity.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News