A16z Crypto’s Record New $4.5 Billion Fund Doubles Down On Web3 Amid Market Crash

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Amid a market price collapse, one of crypto’s most influential venture capital firms is loading up. Andreessen Horowitz’s crypto unit, known as a16z crypto, announced on Wednesday that has raised $4.5 billion for its fourth fund. The firm plans to allocate $1.5 billion of the funds to make seed investments in Web3, and $3 billion to make more traditional startup investments.

https://www.forbes.com/sites/alexkonrad/2022/05/25/a16z-crypto-record-4th-fund-doubles-down-on-web3-amid-market-crash/

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