THELOGICALINDIAN - A16z one of the best affecting VC firms in the crypto acreage has appear the barrage of a new cryptocurrency armamentarium to advance in the development of Web3 startups This fourth crypto armamentarium from the close which will barrage with a account of 45 billion dollars is set to focus on several key fields in the crypto ambiance including blockchain amateur and decentralized finance
A16z Bets Big on Web3 and Crypto
A16z, one of the best alive VC firms in crypto, has revealed it is ablution yet addition crypto advance fund. The new endeavor of the company, which will accept $4.5 billion at its disposal, will focus on Web3 investments in companies at any advance rate. This, according to the company, is a bet on blockchain as one of the important technologies of the future.
A blog column accounting by Chris Dixon, a accepted accomplice at A16z and architect and baton of its crypto division, stated:
With this capital, the funds invested by A16z in the crypto ecosystem go over the $7.6 billion mark.
A16z additionally explained how it is allocating the funds. In the blog post, Dixon clarifies that $1.5 billion will be put in berry investments, for companies that are still in the antecedent stages of their growth, and accept to await on investors to armamentarium their operations. The added $3 billion will be put abaft assorted adventure investments not yet defined by the company.
The ambit of A16z is large, the close advertence its investments will beset altered areas of the crypto community, including “web3 games, Defi, decentralized amusing media, self-sovereign identity, band 1 and band 2 infrastructure, bridges, DAOs, governance, NFT communities, privacy, architect monetization, adorning finance, new applications of ZK proofs, decentralized agreeable & adventure creation.”
The aggregation additionally appear it will accumulate growing its operational aggregation to action bigger abetment to its portfolio companies, including analysis and engineering, security, aptitude and people, acknowledged assistance, and marketing.
A16z has additionally been alive in added contempo investments involving crypto and tokenization. It afresh led an investment round in Flowcarbon, a carbon tokenization aggregation backed by Wework co-founder Adam Neumann.
What do you anticipate about A16z’s new $4.5 billion crypto and Web3 fund? Tell us in the comments area below.
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