VC Firm Andreessen Horowitz Targets $450M for Second Crypto Fund: Report
Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million.
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.
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.
An Andreessen Horowitz (a16z) alum is launching a new venture firm focused on building a crypto-powered "ownership economy."
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.
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.