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What will a16z crypto do with its funds?

With the funds, a16z crypto plans to hire professionals focused on research and engineering, security, talent and go-to market functions such as marketing and partnerships to support its portfolio; asked if the firm will bring in more investors, Simpson says, “We’ve been hiring and will continue to hire.”

What is Andreessen Horowitz's a16z crypto?

Andreessen Horowitz’s crypto unit, known as a16z crypto, announced on Wednesday that has raised $4.5 billion for its fourth fund. The firm plans to allocate $1.5 billion of the funds to make seed investments in Web3, and $3 billion to make more traditional startup investments.

Is crypto's push into the mainstream important?

Here, a firm like a16z crypto attempts to walk a precarious line, arguing that crypto’s push into the mainstream and its popularization are important steps in its adoption, on the one hand; crashes, meanwhile wipe out “short-term focus” people who aren’t helping build crypto’s long-term future.

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