Andreessen Horowitz launches a cryptocurrency fund from 300 million USD. New maxi intervention within the cryptocurrency ecosystem.
The venture capital company A-list Andreessen Horowitz, known as a16z, announced a few days ago that it had launched a $ 300 million cryptocurrency fund, the only one to be managed by a major VC company, as reported promptly by the Wall Street Journal.
In a blog post (with which he also announced the new partner Kathryn Haun - the only woman), Chris Dixon wrote that although the white paper that launched bitcoin (and therefore the cryptocurrency) is now almost 10 years old, "we believe we are still in the early stages of the cryptographic trend2 and that" the infrastructure needs to be improved, and that applications are difficult to use for non-professionals ".
Again, Dixon claimed to believe that cryptographic applications will soon be mature, in part because "space is developing extremely rapidly, because the code, data and knowledge are widely open source".
Dixon then wrote that a16z has invested in cryptography for more than five years, and has never sold any of the positions it has opened, nor is it planning to do so soon. It therefore expects to maintain its current and new cryptocurrency investments for at least 10 years.
In confirmation of this, a16z then specified that it expects to keep its investment in cryptocurrencies unchanged, regardless of whether there is a decline in the market or not.
