•1 min read•from TechCrunch
As crypto cools, a16z crypto raises a $2.2B fund
Our take
As the cryptocurrency market shows signs of cooling, Andreessen Horowitz (a16z) crypto remains steadfast in its commitment to the digital asset space, recently announcing a substantial $2.2 billion fund. While many venture capitalists begin to shift their focus toward emerging AI startups, a16z crypto is doubling down on its vision for the future of decentralized technology. This strategic move not only reinforces their confidence in the long-term potential of crypto but also highlights their dedication to supporting innovative projects within this evolving landscape.
As some of the biggest VCs in crypto start to consider funding AI startups, a16z crypto's new fund will stay the course.
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