A16z, one of the most active VC firms in crypto, has revealed it is launching yet another investment fund, which will put $4.5 billion behind the growth of Web3 startups at any growth stage.
We think we are now entering the golden era of Web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users. More importantly, a massive wave of world-class talent has entered Web3 over the last year.With this capital, the funds invested by A16z in the crypto ecosystem go over the $7.6 billion mark.A16z also explained how it is allocating the funds. In the blog post, Dixon clarifies that $1.
The scope of A16z is large, the firm stating its investments will encompass different areas of the crypto community, including “web3 games, Defi, decentralized social media, self-sovereign identity, layer 1 and layer 2 infrastructure, bridges, DAOs, governance, NFT communities, privacy, creator monetization, regenerative finance, new applications of ZK proofs, decentralized content & story creation.
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