Andreessen Horowitz (a16z) Announces Crypto Fund III

Posted to their own website, capital management firm Andreessen Horowitz said that they have launched a $2.2 billion fund to continue to invest in blockchain and crypto related companies. They stated: “We believe that the next wave of computing innovation will be driven by crypto. We are radically optimistic about crypto’s potential to restore trust and enable new kinds of governance where communities collectively make important decisions about how networks evolve, what behaviors are permitted, and how economic benefits are distributed.”

This announcement brings together two trends that a16z has invested heavily in, self-publishing and crypto. The post concludes: “The history of crypto shows that asset prices may fluctuate but innovation continues to increase through each cycle. We’ve never been more excited about where crypto is headed and we’re going all in on the talented, visionary founders who are determined to be part of crypto’s next chapter.“