a16z crypto

a16z, a private American venture capital firm, has unveiled a $4.5 billion crypto fund. According to the firm, $1.5B will be dedicated to seed investments, and $3B to venture investments.

The VC firm will deploy the fund to invest in promising web3 startups at every stage. This new fund now brings its total crypto/web3 funds raised to over $7.6 billion.

“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. They are brilliant and passionate and want to build a better internet,” the company said.

“We are excited about developments in 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, and many other areas.”

a16z says it will also keep growing its operating teams so that it continues providing the best services to founders. its operating functions include:

  • Research and engineering, help its portfolio companies solve their most important technical challenges in areas like cryptography, mechanism design, protocol design, and tokenomics; as well as conducting original research to advance the science and technology of the next generation of the internet.
  • Security, which helps in areas like key management, smart contract auditing, and formal verification, along with application and infrastructure security.
  • Talent and people, which helps with recruiting executive, technical, and product talent, plus developing organizational frameworks to support scaling.
  • Legal and regulatory, which helps will help its portfolio companies navigate regulatory uncertainty, and charts pathways for DAOs and decentralization.
  • Go-to-market, which helps with marketing, communications, content, growth, strategic partnerships, and more.
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The firm has also called on founders, developers, creators, or any other type of builder in web3 to get in touch.

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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