Who is Andreessen Horowitz?

Silicon Valley venture-capital firm Andreessen Horowitz debuted a $600 million fund dedicated to gaming startups, stepping up its bets on so-called Web3 technology just as a broader market decline underscores the volatility of the cryptocurrency-based sector. Copyright © 2023 Dow Jones & Company, Inc.

What is “Web3”?

Others see it as a cornerstone of so-called “Web3,” a hyped but still unrealised iteration of the internet where blockchain and crypto assets take centre stage.

Who owns the Web3 market?

Meanwhile, as Twitter Inc. co-founder and Bitcoin advocate Jack Dorsey has pointed out, a handful of venture capital firms own most of the web3 market. Andreessen, also known as a16z, is at the top of the list. Last month, Dixon offered up an explanation for this contradictory state of affairs.

Does Chris Dixon see great promise in Web3?

Andreessen Horowitz’s Chris Dixon sees great promise in web3, but there are a lot of unanswered questions. For Andreessen Horowitz’s Chris Dixon, there are billions of dollars at stake in the blockchain-based future of the internet known as web3.