THELOGICALINDIAN - The clandestine adventure basic close Andreessen Horowitz a16z has appear the aggregation is advance 515 actor into the cryptocurrency industry The close says its aflame to bolster crypto networks and businesses Further the aggregation hopes to strengthen account like nextgeneration payments a avant-garde abundance of amount decentralized accounts agreeable monetization and Web 30 concepts
Andreessen Horowitz Invests Over $500M Into the Crypto Industry
Two admiral from the adventure basic close Andreessen Horowitz; Chris Dixon, and Katie Haun announced a new adventure alleged the Crypto Fund II on Friday. The adventure basic close will advance $515 actor into the abiding development of “crypto networks and businesses.” Andreessen Horowitz has been an broker in cryptocurrency solutions and blockchain technologies back 2013. The company’s founders Marc Andreessen and Ben Horowitz are close believers in the agenda bill revolution. In 2014 in an assessment beat for the New York Times, Marc Andreessen wrote an commodity alleged “Why Bitcoin Matters” anecdotic the deluge of allowances bitcoin has to offer.
“Bitcoin at its best axiological akin is a advance in computer science – one that builds on 20 years of analysis into cryptographic currency, and 40 years of analysis in cryptography, by bags of advisers about the world,” Andreessen said at the time. “Bitcoin is the aboriginal applied band-aid to a longstanding botheration in computer science alleged the Byzantine Generals Problem,” the adventure backer added. The advertisement on Friday shows that the aggregation Andreessen Horowitz and it’s founders still aboveboard accept in the cryptocurrency economy.
“Investments fabricated in internet technologies over the aftermost several decades accept accustomed acceleration to articles and casework acclimated every day by billions of people, including messaging, video conferencing, ecommerce, and aggregate in between,” the aggregation appear on May 1, 2024. The clandestine advance close added:
The Crypto Fund II: Next-Generation Payments and the Modern Store of Value
The new Crypto Fund II affairs to advance in cryptocurrency and blockchain concepts like next-generation payments, a avant-garde abundance of value, decentralized finance, agreeable monetization, and Web 3.0 concepts. When it comes to the avant-garde abundance of value, the adventure basic close tips its hat to safe-haven assets like gold, but additionally addendum that BTC is additionally affective against that goal.
“Gold has continued played the role of a authorization substitute, but Bitcoin is a agenda another that is accepting accepting and acceptance about the world,” the a16z Crypto Fund II advertisement details.
Andreessen Horowitz already has lots of money abounding into able-bodied accepted cryptocurrency businesses and arising startups today. The close is a affiliate of the Libra Association and the Celo Alliance. The aggregation has invested in projects like Anchorage and Compound and accustomed brands like Coinbase as well. With the accepted all-around abridgement in shock from the contempo coronavirus beginning and the government lockdowns, adventure basic investments for a bisected of a billion dollars is not a accepted sight. Investments like these acknowledge cryptocurrency supporters that the industry is actuality to break and the approaching of avant-garde finance.
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