A16z will reportedly continue to put funds behind cryptocurrency-related projects this year, and is now seeking $4.5 billion for two new crypto funds.
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year.A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports.
5 billion to invest in a new cryptocurrency fund and $1 billion to power another fund directed for seed investments in early-stage startups.The company is reportedly scouting different participants for support to acquire these funds, and A16z is said to be aiming for April as the month to reach the goal. If the company really manages to raise the money, it would be one of the biggest funds in the history of the cryptocurrency scene.
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