a16z launched the largest crypto fund ever. In total, the fund has more than $2.2 billion to invest. The crypto fund is called “Crypto Fund III” and will be co-led by Chris Dixon and Katie Haun.
The firm stated:
“The largest crypto fund ever raised to date, Crypto Fund III is a validating moment for the ecosystem and another sign that crypto becoming an ever more mainstream part of our financial infrastructure.”Statement a16z
a16z is maybe the most prominent venture capital firm globally! The founders of a16z are Marc Andressen and Ben Horrowitz. Marc Andressen co-founded the first widely used web browser. Both invested in innovative companies from the very beginning, such as Twitter and Qik.
Now, a16z is about to invest more money into crypto – especially in DeFi!