• Home
  • Live Crypto Price
  • Contact
No Result
View All Result
  • Home
  • Live Crypto Price
  • Contact
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities – Bitcoin News

Sergio Goschenko by Sergio Goschenko
May 28, 2022
in Cryptocurrency
0 0
0
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities – Bitcoin News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields in the crypto environment, including blockchain games and decentralized finance.

A16z Bets Big on Web3 and Crypto

A16z, one of the most active VC firms in crypto, has revealed it is launching yet another crypto investment fund. The new endeavor of the company, which will have $4.5 billion at its disposal, will focus on Web3 investments in companies at any growth rate. This, according to the company, is a bet on blockchain as one of the important technologies of the future.

A blog post written by Chris Dixon, a general partner at A16z and founder and leader of its crypto division, stated:

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.


Investment Objectives

A16z also explained how it is allocating the funds. In the blog post, Dixon clarifies that $1.5 billion will be put in seed investments, for companies that are still in the initial stages of their growth, and have to rely on investors to fund their operations. The other $3 billion will be put behind various venture investments not yet specified by the company.

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.”

The company also announced it will keep growing its operational team to offer better assistance to its portfolio companies, including research and engineering, security, talent and people, legal assistance, and marketing.

A16z has also been active in other recent investments involving crypto and tokenization. It recently led an investment round in Flowcarbon, a carbon tokenization company backed by Wework co-founder Adam Neumann.

What do you think about A16z’s new $4.5 billion crypto and Web3 fund? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

History Of Davos And The World Economic Forum

Next Post

Sourcing Bitcoin Lightning Liquidity – Bitcoin Magazine

Sergio Goschenko

Sergio Goschenko

Next Post
Sourcing Bitcoin Lightning Liquidity – Bitcoin Magazine

Sourcing Bitcoin Lightning Liquidity - Bitcoin Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

May 5, 2022
BOLT12, LNURL And Bitcoin Lightning

BOLT12, LNURL And Bitcoin Lightning

June 20, 2022
Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review – The Weekly Bitcoin News

Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review – The Weekly Bitcoin News

April 24, 2022
Nubank Rolls Out Bitcoin Buying In Brazil

Nubank Rolls Out Bitcoin Buying In Brazil

June 28, 2022
Bitcoin Is Our Weapon In The War Of Ideas

Bitcoin Is Our Weapon In The War Of Ideas

0
Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation

Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation

0
Insurance Considerations For Bitcoin Miners

Insurance Considerations For Bitcoin Miners

0
Becoming A Sovereign Individual With Bitcoin

Becoming A Sovereign Individual With Bitcoin

0
Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

March 27, 2023
‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

March 27, 2023
The Latest Banking Crisis Is Why I Save In Bitcoin

Why We Opened The Belgrade Bitcoin Hub

March 25, 2023
In-Chat Tether Transfers Introduced in Telegram – Bitcoin News

In-Chat Tether Transfers Introduced in Telegram – Bitcoin News

March 25, 2023

Recommended

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

March 27, 2023
‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

March 27, 2023
The Latest Banking Crisis Is Why I Save In Bitcoin

Why We Opened The Belgrade Bitcoin Hub

March 25, 2023
In-Chat Tether Transfers Introduced in Telegram – Bitcoin News

In-Chat Tether Transfers Introduced in Telegram – Bitcoin News

March 25, 2023

About Us

We bring you the latest bitcoin news from all over the internet

Categories

  • Cryptocurrency
  • Latest
No Result
View All Result
  • Home
  • Live Crypto Price
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In