Category: a16z

Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

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Crypto VC heavyweight a16z unveils principles for crypto regulation

Crypto VC heavyweight a16z unveils principles for crypto regulation

Crypto-focused venture capital firm Andreessen Horowitz has put out its vision for the future of crypto regulation. It’s the latest in a flurry of such proposals from industry players. Also known as a16z, Andreessen Horowitz today released its “10 Principles for World leaders Shaping the Future of Web3,” a brief document that aims to ground […]

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Jack Dorsey doubles down on his web3 comments, mocks a16z

Jack Dorsey, the founder of Twitter created a storm on the social media platform after deeming Web 3.0 a monopoly ground for big corporates and VC funds. The statement came the same day when Elon Musk took a dig at Web 3.0 technologies as well. Dorsey mocked traditional venture capital firms such as Andreessen Horowitz […]

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Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all […]

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a16z invests $36 million in a Web3 infrastructure startup founded by four ex-Meta employees

a16z invests $36 million in a Web3 infrastructure startup founded by four ex-Meta employees

Investment firm Andreessen Horowitz (a16z) announced Monday that it invested in Mysten Labs, a blockchain and Web3 development company co-founded by four ex-Meta employees. CNBC first reported the investment figure to be $36 million.  The CEO of Mysten Labs is Evan Cheng, former director of research and development (R&D) at Novi — a digital wallet […]

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a16z, The Chainsmokers back 3LAU’s NFT platform Royal in $55 million Series A

a16z, The Chainsmokers back 3LAU’s NFT platform Royal in $55 million Series A

Royal, the startup building a marketplace for digital assets tied to music artists, has secured $55 million funding through a Series A fundraise led by a16z. Royal aims to provide artists with a way for music artists to share ownership in their music with fans by issuing digital collectibles and non-fungible tokens. In a sense, […]

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a16z leads $13 million funding round for privacy tech startup Nym

a16z leads $13 million funding round for privacy tech startup Nym

Venture capital firm Andreessen Horowitz (a16z) has led a $13 million Series A funding round for the blockchain-powered privacy web startup Nym Technology. Other participants in the round include Digital Currency Group, Tayssir Capital, Huobi Ventures, HashKey, Fenbushi Capital and others, bringing the three-year-old Swiss startup’s total valuation to $270 million. Forbes first reported the […]

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