a16z announced the launch of its largest fund to date dedicated to investing in cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. and Blockchain companies.
- It is the venture capital capital is most commonly defined as the large sum of money you would use to invest. firm’s fourth crypto fund.
- Overall, a16z allocates more than USD $7 billion to crypto investment.
- The news comes amid a bear market.
La reputada firma de capital de riesgo de Silicon Valley, Andreessen Horowitz (a16z), shows no signs of slowing down its bet on cryptocurrencies despite unfavorable market an area or arena, online or offline, in which commercial dealings are conducted. conditions.
In a press release on Wednesday, a16z announced the launch of a new USD $4.5 billion fund that will invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrency startups, Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and Web3. Unprecedented for the venture capitalist, the fund represents the largest single monetary allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. dedicated to growth industry projects.
Named “Crypto Fund 4“The fund will allocate US$1.5 billion for initial investments, with the remainder reserved for risk investments.
The company also indicated that it will dedicate the fund to investing in “ new promising web3 companies at each stage “. “ We believe that we are now entering the golden age of web3. “, a16z said in the statement, adding that he is “ Excited “for blockchain gaming developments, DeFi, decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. social networks, NFT, DAO, among others.
a16z bets big on cryptocurrencies
The new fund focused on the cryptocurrency industry is far from a16z’s first effort into this sector.
Previously known for her investments in companies such as Instagram y Slack the company first entered the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. asset space with an investment in the cryptocurrency exchange. Coinbase is an American company that operates a cryptocurrency exchange platform. in 2013; as recalled byThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain.. Since then, it has invested capital in a variety of industry projects, including Avalanche , OpenSea , Solana y Yuga Labs .
As the name suggests, “Crypto Fund 4“is the fourth fund ofAndreessen Horowitz dedicated to cryptocurrencies. Overall, the new announcement raises its total amount of money dedicated to crypto and Blockchain to more than USD $7.6 billion.
The move comes amid a significant correction a correction is a pullback of an asset’s price of at least 10% to adjust for over-valuation. in the digital currency currency is a medium of exchange that defines value. market. Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. se cotiza alrededor de los USD $29.000, más del 55% por debajo de su máximo de precio histórico (ATH) registrado en noviembre del año pasado. Otras principales criptomonedas, como Avalanche y Solana to name a few, accumulate losses of up to 80% since their ATH.
However, the firm does not seem concerned about its investment in the midst of this, for many, discouraging outlook. “ Bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” markets are often when the best opportunities arise, when people can concentrate on developing technology rather than being distracted by short-term price activity. “ said the partner general, Arianna Simpson , a CNBC .
This is not the first time a16z has launched a cryptocurrency fund in the middle of a recession. As recalled byCrypto Briefing, the previous one, Crypto Fund 3 of USD $2.2 billion, will be launched in June 2021, weeks after the cryptocurrency market suffered its worst drop in more than a year.
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Article by Hannah Estefania Perez / DiarioBitcoin
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