Today a16z crypto, part of the Andreessen Horowitz venture firm, announced its fourth crypto fund with a massive $4.5 billion to invest. A third of the funds will go to seed investments, with the balance to venture investments.
This is a16z’s fourth crypto fund following the launch of a $2.2 billion fund in June last year and brings its total funds in the sector to $7.6 billion.
Its early investments included the likes of Coinbase and Dapper Labs, with big winners from the NFT boom including OpenSea, Bored Ape creator Yuga Labs and Axie Infinity developer Sky Mavis. The funds have multiple bets on layer 1 blockchains, including Avalanche, Celo, Flow, Near, and Solana.
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