""The founders we're backing with this $2.2 billion fund are working on the part of the cycle that gets less attention and produces more of the lasting value: turning new infrastructure into products people use every day.""
""Many of a16z crypto's early bets were tied to Dixon's thesis, set out in his book Read Write Own, that blockchains would spur the rise of a decentralized version of the internet.""
Andreessen Horowitz's a16z crypto has successfully raised $2.2 billion for its fifth venture fund, bringing its total crypto investments to $9.8 billion since 2018. The firm, led by Chris Dixon, has shifted focus towards building financial infrastructure and exchanges. Notable investments include Anchorage Digital and Uniswap. Despite a declining crypto market, a16z crypto continues to attract significant capital, indicating confidence in the long-term potential of decentralized technologies and infrastructure development.
Read at Fortune
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