a16z shines the spotlight on DAOs by leading Syndicate’s Series A
Syndicate’s vision for decentralized autonomous organizations was one of the biggest selling points for Andreessen Horowitz. California-based venture fund Andreessen Horowitz announced Tuesday that it is leading a Series A investment round for Syndicate, a decentralized platform with the lofty vision of democratizing investing by allowing users to create decentralized autonomous organizations, or DAOs. Ali Yahya, one of Andreessen’s general partners, said that the company was attracted to Syndicate’s vision of DAOs being at the center of economic coordination between people. DAOs, which....
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The milestone in Syndicate’s journey may indicate that DAO governance structure will become more common in blockchain and beyond. Blockchain-based investing protocol Syndicate claims that 10% of all decentralized autonomous organizations (DAO) in existence have been created on its platform in less than three weeks of operation.Syndicate is a DAO creation platform that has landed investments from A13Z and Coinbase Ventures, among others. The team revealed the development in a Feb. 15 tweet.As of this morning, 10% of *all* DAOs have now been created on @SyndicateDAO. In less than 3 weeks And....
Mythical Games, a blockchain-based gaming company, has raised $150 million in its series C funding round. The round was led by A16z, who is aggressively investing in these kinds of crypto initiatives. It also had the participation of other companies like D1 Capital, Redbird Capital, The Raine Group, as well as from well known cryptocurrency exchanges like Binance and FTX.
Mythical Games Gets Unicorn Status in Latest Funding Round
Mythical Games, a blockchain gaming company, raised $150 million in its latest funding round, which was led by VC company A16z. Other backers included....
Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status.
Optimism Gets Backing to Keep Growing
Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a $150 million investment in its Series B funding....
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year.
A16z to Double Down on Crypto
A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports. The VC company, which focuses its investments on tech-related companies and has more than $28 billion in assets, is seeking $4.5 billion dollars to invest....
DAO: Decentralized. Autonomous. Organization.The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine.Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize their potential.We need DAOs, he explains. The idea of shareholder first is only a 1980s/1990s concept. Companies became about profits, not products.He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than 1.6 million....