A16z, USV Invest $10 Million in Blockchain Token Trading Firm
A startup that specializes in the trading of blockchain-based assets has raised a $10m fund backed by Andreessen Horowitz (A16z), Boost VC and Union Square Ventures (USV), among other undisclosed investors. Led by Coinbase veteran Olaf Carlson-Wee, Polychain Capital intends to invest in so-called "protocol tokens" or alternative assets that like bitcoin, have both an underlying protocol and a tradeable asset that manages access to a digital ledger or application. In conversation with CoinDesk, Carlson-Wee described the fund as one that would seek to offer investors exposure to an....
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OpenSea’s CEO, Devin Finzer, announced a successful funding round. Led by investment first a16z, with participation from Mark Cuban, Naval Ravikant, Tim Ferris, 3LAU, Standard Crypto, and others, the Non-fungible token (NFT) marketplace raised $23 million. The platform was founded in 2017 under the prospect of building a new internet economy. OpenSea has been at […]
“GAMES FUND ONE” will invest in game studios, consumer apps and game infrastructure providers with a16z saying the industry has “solved many of the problems” needed to make a Metaverse. Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.”Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player communities with Discord used as an example, and....
Andreessen Horowitz (A16z) is launching a new fund that will exclusively invest in the gaming and metaverse industries. The new $600 million fund is comprised of a pool of dedicated cash and a new internal structure aimed at locating acquisitions inside the gaming vertical. The fund, which aspires to establish the future of the gaming […]
Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the industry. Truefi Raises $12.5 Million Truefi has raised $12.5 million dollars to expand its operations and its offer of lending products. The investment was made through the purchase of its native token truefi....
A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields in the crypto environment, including blockchain games and decentralized finance.
A16z Bets Big on Web3 and Crypto
A16z, one of the most active VC firms in crypto, has revealed it is launching yet another crypto investment fund. The new endeavor of the company, which will have $4.5....