RATE Group | Andreessen Horowitz Backs Dfinity With Largest Crypto Investment Yet
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Andreessen Horowitz Backs Dfinity With Largest Crypto Investment Yet

31 Aug Andreessen Horowitz Backs Dfinity With Largest Crypto Investment Yet

Posted at 04:35h in Ethereum News by

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Dfinity, Cryptocurrency–Andreessen Horowitz (A16Z), the popular venture capital firm of Marc Andreessen and Ben Horowitz, has announced its most ambitious cryptocurrency investment to date in the form of new blockchain project Dfinity. Billed as a company to reinvent cloud computing and challenge the current market leaders of Amazon Web Services and Saleforce, Dfinity looks to implement a cheap, decentralized alternative that utilizes cryptocurrency and blockchain at its core. It refers to its ambitious new project as a “world computer” and “Cloud 3.0”–two statements that have been taking the investment circuit by storm.

Earlier in the week, the company reported securing a $102 million round of funding, with Andreessen Horowitz making up one of the more high profile investors, in addition to the $61 million raised in March. While blockchain based projects are becoming a dime-a-dozen in the current landscape of tech fundraising, Dfinity plans to distinguish itself…

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