Andressen Horowitz looks to next-generation payments for decentralized finance as a new monetization model and Web3 as a use-case to look at a new $515 million fund, Andreessen Horowitz’s second crypto fund (a16z) shows. that Venture capital is targeting investments in the area Cryptocurrency
The company said on Thursday it had received a total of $515 million in funding, more than its original goal of $450 million for a second fund called “Crypto Fund II,” dedicated to cryptocurrency projects and cryptocurrencies. Blockchain It also raised more than $300 million for VC’s first crypto fund, which launched in summer 2018.
In a blog post announcing the new fund, a16z said it was looking for projects related to payments, decentralized finance (DeFi), new monetization models and Web3 (decentralized internet concept).
For DeFi, whose total total value crossed the billions of dollars earlier this year, a16z said it had great potential in its ability to The composability of DeFi assets opens the element of finance to mergers and experiments that make open source software more efficient.
This is in contrast to a16z’s first Crypto fund, in its initial investment, VC addressed what it saw as interesting use cases, stablecoins, financial inclusion and asset tokenization in the asset world. In the real world, however, including the caveat that “We are still in the early stages of a movement in the crypto world, infrastructure needs to be improved and applications are difficult for those who have never used them. toy”
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