News

a16z Has Announced A $4.5 billion Fund For Cryptocurrency And Blockchain Entrepreneurs.

Andreessen Horowitz (a16z) has announced the launch of a new $4.5 billion fund for cryptocurrency and blockchain companies. It stated that $1.5 billion will be allocated to seed investments and $3 billion to venture capital investments.

Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Source: Kate Munsch | Reuters

Andreessen Horowitz (a16z) announced on Wednesday that it will launch a $4.5 billion fund for crypto and blockchain entrepreneurs.

Despite the market downturn, the organization is betting on new opportunities.

It stated that $1.5 billion of the fund will be committed to seed investments, with the remaining $3 billion going to venture investments.

The ‘Crypto Fund 4’ fund has been in the works for some time; the Financial Times revealed in January that the corporation was creating a new fund.

In an interview with CNBC, general partner Arianna Simpson stated that “bear markets are often when the best opportunities arise, when people are actually able to focus on building technology rather than getting distracted by short-term price activity.”

The Silicon Valley-based venture capital firm already has three funds dedicated to the sector, the first of which debuted four years ago.

a16z Has Announced A $4.5 billion Fund For Cryptocurrency And Blockchain Entrepreneurs.

Previously renowned for investments in Instagram and Slack, the company initially entered the cryptocurrency market in 2013 with an investment in Coinbase. It has since invested in a number of cryptocurrency businesses, including Avalanche, OpenSea, Solana, and Yuga Labs.

The new announcement extends its overall commitment to cryptocurrency and blockchain to more than $7.6 billion. a16z also invested in former WeWork CEO Adam Neumann’s Flowcarbon, which aims to address environmental issues using blockchain-based carbon trading technologies, last week.

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 CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Victor

Recent Posts

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

15 seconds ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

1 hour ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

3 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

3 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

This website uses cookies.