After the announcement of “Games Fund One” Andreessen Horowitz has shown they are bullish for web3 with the launch of its fourth fund for $4.5 billion. This fund will invest in Web3 companies and cryptocurrency.
Of the $4.5 billion, a16z have pledged $1.5 billion towards seed investments and the rest being set aside for venture investments. The firm’s current crypto portfolio includes Alchemy, Avalanche, Celo, Dapper Labs, Phantom Wallet, OpenSea, Solana Labs and Yuga Labs.
Andreessen Horowitz stated: “We think we are now entering the golden era of web3. And are excited about developments in blockchain gaming, DeFi, decentralized social media and NFTs.”
