A16z, Polychain Invest $25 Million in Crypto Payments Startup Celo
Mobile-friendly cryptocurrency payments startup Celo has raised millions from A16z and Polychain in a private token sale.
NEAR announced Monday the closing of a $21.6 million token sale involving a16z, Pantera and others. It also revealed the stealth-mode launch of the NEAR mainnet on April 22.
Andressen Horowitz pointed to next-generation payments, decentralized finance, new monetization models and Web3 as use cases it would look into for its new $515 million fund.
FalconX brought in an equivalent to Facebook's 2005 Series A while Grin flounders and a16z asks if crypto's on the cusp of a boom period.
Arweave operates on the same idea as other blockchain-based file storage services such as Filecoin or Storj, but with far larger ambitions backed by new technical developments unveiled Wednesday as Arweave 2.0.
Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million.