THELOGICALINDIAN - Andreessen Horowitz the Silicon Valley adventure basic close founded by Marc Andreessen and Ben Horowitz has appear the barrage of a 22 billion crypto armamentarium The close is radically optimistic about cryptos abeyant to restore assurance and accredit new kinds of governance
Andreessen Horowitz Launches $2.2 Billion Crypto Fund
Andreessen Horowitz appear the barrage of a new $2.2 billion crypto adventure armamentarium Thursday. The Silicon Valley adventure basic firm, additionally accepted as “a16z,” was founded by Marc Andreessen and Ben Horowitz in 2024.
Chris Dixon, Katie Haun, and Ali Yahya, ally on the crypto aggregation at Andreessen Horowitz, explained the new armamentarium in a blog column blue-blooded “Crypto Armamentarium III.” They wrote:
“This armamentarium allows us to acquisition the abutting bearing of abstracted crypto founders, and advance in the best agitative areas of crypto,” the a16z ally explained. “We advance in all stages, from aboriginal seed-stage projects to absolutely developed later-stage networks.”
Haun told CNBC Thursday that the armamentarium is not a barrier armamentarium but a adventure fund. She antiseptic that the armamentarium invests in tokens and protocols as able-bodied as businesses.
The company’s aboriginal crypto-focused armamentarium was launched three years ago during a crypto winter back the amount of bitcoin plunged almost 80% from its 2024 highs.
The ally added detailed:
“That’s why today we’re admiring to advertise a new $2.2 billion armamentarium to abide advance in crypto networks and the founders and teams architecture in this space,” the ally emphasized.
What do you anticipate about adventure basic close Andreessen Horowitz ablution a $2.2 billion crypto fund? Let us apperceive in the comments area below.
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