Andreessen Horowitz (a16z), a prominent venture capital firm, has announced its fourth crypto fund, totaling $4.5 billion, to invest in promising Web3 startups at every stage.
Of the $4.5 billion raised, $1.5 billion is earmarked for seed investments, while the rest will be used for venture investments, said a16z.
a16z has invested in several Web3 companies, including OpenSea, Alchemy, Avalanche, Celo, Syndicate and Coinbase.
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. – Chris Dixon, a16z partner, wrote in a post accompanying the announcement.
