Connect with us

Hi, what are you looking for?

Bytes

New $4.5 Billion Web3 Fund From Andreessen Horowitz

Brings VC firm’s total crypto/web3 funds to over $7.6B since 2013

Venture capital firm Andreessen Horowitz (a16z) has just announced a new $4.5 billion Web3 fund. This is the fourth such effort from the Silicon Valley company since 2013 and brings its total funds in the sector to over $7.6B.

Of the Crypto Fund 4’s total, approximately $1.5B will be dedicated to seed investments, with $3B for venture investments. 

General partner Chris Dixon said in a blog post that the fund will be used to invest in, “Promising web3 startups at every stage”. He specifically mentioned web3 games, DeFi, decentralized social media, self-sovereign identity, layer 1 and layer 2 infrastructure, bridges, DAOs & governance, NFT communities, privacy, creator monetisation, regenerative finance, new applications of ZK proofs, decentralised content and story creation, and many other areas. 

Crypto Fund 4 was announced on Twitter by general Partner Arianna Simpson

This news comes hot on the heels of a16z’s announcement of its $600 million Games Fund One to support games industry commitments, focusing on multiplayer, user-generated content and infrastructure. 

A golden era

Dixon explained the company’s commitment to Web3 saying, “Since the advent of computing in the 1940s, there has been a major computing cycle every 10-15 years, including PCs in the ‘80s, the internet in the ‘90s, and mobile computing in the ‘00s. We believe blockchains will power the next major computing cycle”. He went on to say that, “We think we are now entering the golden era of web3”. 

Citing advances in programmable blockchains with apps reaching tens of millions of users and new talent entering the sector, Dixon said, “Our frequent conversations with builders have given us the confidence to go big, and we’re grateful to be your partner. Please reach out to us if you’re a founder, developer, creator, or any other type of builder in web3 – we’re excited to meet you”.

Written By

Steve is an award-winning editor and copywriter with more than 20 years’ experience specialising in consumer technology and video games. With a career spanning from the first PlayStation to the latest in VR, he's proud to be a lifelong gamer.

You May Also Like

Level Up

Eager to be at the metaverse frontier, but not sure how to get started? As exciting as the idea of a shared digital space...

Bytes

New blockchain gaming platform based on Unreal Engine 5.

Bytes

The record for the most expensive land sale in the metaverse has just been raised

State of Play

What do we mean by the metaverse? Our vision of shared, real-time, persistent, virtual worlds has been shaped by popular culture, from Neal Stephenson’s...

Advertisement
Advertisement

Subscribe to the future

Advertisement