Follow the money, all the way to Web3. See where VC is flowing their capital.
Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space.
This week’s Crypto Biz newsletter gives you the latest funding stories from the world of blockchain and explores interesting developments surrounding Google and Sam Bankman-Fried.The crypto market selloff of 2022 hasn’t deterred Andreessen Horowitz from pledging additional billions to crypto startups. This week, the venture capital giant, which also goes by the name a16z, announced the closing of its. Valued at $4.5 billion, a16z’s new fund is focused heavily on Web3 startups.
Announcing our fourth crypto fund, totaling $4.5B, to invest in promising web3 startups at every stage. This brings our total crypto/web3 funds raised to over $7.6B.
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