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A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities


By Yes Mobile

A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities

A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities

A16z, one of the crucial influential VC corporations in the crypto discipline, has introduced the launch of a brand new cryptocurrency fund to take a position in the event of Web3 startups. This fourth crypto fund from the agency, which is able to launch with a finances of $4.5 billion {dollars}, is about to concentrate on a number of key fields in the crypto setting, together with blockchain video games and decentralized finance.

A16z Bets Massive on Web3 and Crypto

A16z, one of the crucial lively VC corporations in crypto, has revealed it’s launching one more crypto funding fund. The brand new endeavor of the corporate, which may have $4.5 billion at its disposal, will concentrate on Web3 investments in corporations at any progress charge. This, based on the corporate, is a guess on blockchain as one of many necessary applied sciences of the longer term.

A weblog publish written by Chris Dixon, a common companion at A16z and founder and chief of its crypto division, said:

We expect we at the moment are getting into the golden period of Web3. Programmable blockchains are sufficiently superior, and a various vary of apps have reached tens of thousands and thousands of customers. Extra importantly, a large wave of world-class expertise has entered Web3 over the past 12 months.

With this capital, the funds invested by A16z in the crypto ecosystem go over the $7.6 billion mark.

Funding Aims

A16z additionally defined how it’s allocating the funds. Within the weblog publish, Dixon clarifies that $1.5 billion will probably be put in seed investments, for corporations which can be nonetheless in the preliminary levels of their progress, and need to depend on buyers to fund their operations. The opposite $three billion will probably be put behind numerous enterprise investments not but specified by the corporate.

The scope of A16z is massive, the agency stating its investments will embody totally different areas of the crypto group, together with “web3 video games, Defi, decentralized social media, self-sovereign identification, layer 1 and layer 2 infrastructure, bridges, DAOs, governance, NFT communities, privateness, creator monetization, regenerative finance, new purposes of ZK proofs, decentralized content material & story creation.”

The corporate additionally introduced it can continue to grow its operational crew to supply higher help to its portfolio corporations, together with analysis and engineering, safety, expertise and other people, authorized help, and advertising and marketing.

A16z has additionally been lively in different latest investments involving crypto and tokenization. It lately led an funding spherical in Flowcarbon, a carbon tokenization firm backed by Wework co-founder Adam Neumann.

What do you consider A16z’s new $4.5 billion crypto and Web3 fund? Inform us in the feedback part beneath.

Sergio Goschenko

Sergio is a cryptocurrency journalist based mostly in Venezuela. He describes himself as late to the sport, getting into the cryptosphere when the worth rise occurred throughout December 2017. Having a pc engineering background, residing in Venezuela, and being impacted by the cryptocurrency increase at a social degree, he presents a special perspective about crypto success and the way it helps the unbanked and underserved.

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