RATE Group | While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into th…
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While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into th…

01 May While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into th…

Posted at 19:16h in Bitcoin News by

The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation payments, a modern store of value, decentralized finance, content monetization, and Web 3.0 concepts.

Andreessen Horowitz Invests Over $500M Into the Crypto Industry

Two executives from the venture capital firm Andreessen Horowitz; Chris Dixon, and Katie Haun announced a new venture called the Crypto Fund II on Friday. The venture capital firm will invest $515 million into the long-term development of “crypto networks and businesses.” Andreessen Horowitz has been an investor in cryptocurrency solutions and blockchain technologies since 2013. The company’s founders Marc Andreessen and Ben Horowitz are firm believers in the digital currency revolution. In 2014 in an opinion editorial for the New…

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