• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Monday, July 4, 2022
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Trading

a16Z Launches Largest Ever $2.2 Billion Cryptocurrency-focused Fund

June 25, 2021
in Trading
Reading Time: 2 mins read
0
a16Z Launches Largest Ever $2.2 Billion Cryptocurrency-focused Fund
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


Silicon Valley venture capital firm Andreessen Horowitz has launched the third and biggest multi-billion dollar cryptocurrency-focused fund to continue to invest in the market.

Founded by Marc Andreessen and Ben Horowitz, the firm announced its new $2.2 billion fund on Thursday. It plans to deploy capital across blockchain, digital assets, next-generation payments, decentralized finance (DeFi), Web 3, and more. Katie Haun and Chris Dixon, partners who run Andreessen’s cryptocurrency group said,

“The size of this fund speaks to the size of the opportunity before us: crypto is not only the future of finance but, as with the internet in the early days, is poised to transform all aspects of our lives.”

The company launched its first crypto-focused fund three years ago during crypto winter. Currently, Bitcoin has halved from its all-time high, and altcoins have lost even more of their value.

But as Haun and Dixon noted, “prices may fluctuate but innovation continues to increase through each cycle.”

“We believe that the next wave of computing innovation will be driven by crypto,” they wrote, adding that they’re “radically optimistic about crypto’s potential.”

The firm is known for its early bets on companies like Facebook, Instagram, Pinterest, and Lyft. It made the first move into the crypto asset space in 2013 through Coinbase, which went public this year. Additionally, it is now an early investor in Facebook-backed stablecoin Diem, previously known as Libra. The firm has also joined the NFT boom by investing in Dapper Labs and OpenSea.

Andreessen Horowitz said it plans to hold these crypto investments for a decade or more.

The firm also announced new hires for the fund, including former SEC director Bill Hinman as an advisory partner and former undersecretary of the Treasury for International Affairs Brent McIntosh as an advisor.

For the global head of policy, Tomicah Tillemann, the former chair of the Global Blockchain Business Council and an adviser to the White House, has been appointed. Anthony Albanese, who left the New York Stock Exchange last year, will serve as the new COO, while Rachael Horwitz, who led communications at Twitter, Facebook, and Google, is joining as an operating partner.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

December 28, 2021
Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

December 23, 2021
Share2Tweet1ShareSend

Related Posts

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

December 28, 2021
0

Amidst this, another P2E game DeFi Kingdoms (JEWEL), has captured the interest of users, which is not listed on...

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

December 23, 2021
0

Trading & InvestingBored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly AnTyDecember 23, 2021For the first...

UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon

UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon

December 23, 2021
0

Trading & InvestingUNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon AnTyDecember 23, 2021In...

VCs Pour in $30 Billion, A 4x of 2018's High, Into The Crypto Market in 2021

VCs Pour in $30 Billion, A 4x of 2018’s High, Into The Crypto Market in 2021

December 20, 2021
0

Trading & InvestingVCs Pour In $30 Billion, A 4x of 2018’s High, Into The Cryptocurrency Market In 2021 AnTyDecember...

Crypto Outliers: LUNA Amasses $16.9B & Surpass BSC, AVAX Aims for 1M Daily Transactions

Crypto Outliers: LUNA Amasses $16.9B & Surpass BSC, AVAX Aims for 1M Daily Transactions

December 20, 2021
0

Trading & InvestingCrypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily...

Load More
  • Trending
  • Comments
  • Latest
cryptology

Cryptology Launches Passive Income Product | NewsBTC

September 15, 2021
US Senator Lummis Buys More Bitcoin, Seeing BTC as 'Excellent Store of Value'

US Senator Lummis Buys More Bitcoin, Sees BTC as ‘Excellent Store of Value’ – Featured Bitcoin News

October 9, 2021
Bank of America Executive Sees Crypto as Asset Class: 'I Don't View It as Competition at All'

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’ – Featured Bitcoin News

November 7, 2021
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US – Bitcoin News

September 24, 2021
MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

July 4, 2022
Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

July 4, 2022
Tether CTO Defends USDT Reserves Disclosure, Plans To Undergo Full Audit

How Stable Is Tether? Data Shows USDT At Massive Liquidity Imbalance

July 4, 2022
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad – Mining Bitcoin News

July 4, 2022

Recommended

Cryptocurrency Exchanges Binance, Huobi and FAMEEX Warn of Massive Imposter Websites and Phishing Scams | NewsBTC

Cryptocurrency Exchanges Binance, Huobi and FAMEEX Warn of Massive Imposter Websites and Phishing Scams | NewsBTC

March 18, 2022
Uniswap V3 Based 'Universe Finance' Reveals Plans of Launch – Press release Bitcoin News

Uniswap V3 Based ‘Universe Finance’ Reveals Plans of Launch – Press release Bitcoin News

February 12, 2022
Endaoment partners with crypto firm to launch tornado relief funds

This Crypto Firm Is Partnering With Endaoment To Launch USDC-based Tornado Relief Fund

December 16, 2021
Binance CEO: Avoiding Cryptocurrency Scams, Squid Game Token and Other Defi Risks – Sponsored Bitcoin News

Binance CEO: Avoiding Cryptocurrency Scams, Squid Game Token and Other Defi Risks – Sponsored Bitcoin News

November 8, 2021

Recent News

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

July 4, 2022
Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

July 4, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.