a16z, the premier VC firm for Web3 investments, has announced the establishment of Crypto Fund 4, its fourth crypto fund since 2013, with a total investment of $4.5 billion. a16z crypto is a crypto and web3 startup venture capital fund.
The fund will invest around $1.5 billion in seed investments and $3 billion in later phases of venture capital, increasing a16z’s total investments in crypto and Web3 to over $7.6 billion since 2013.
The first recognized stage of equity fundraising is seed capital. It is usually the first formal money raised by a commercial endeavor or enterprise.
As a16z keeps making the most significant bets in crypto and Web3 businesses, the fund follows up on crypto fund 3 and more than doubles its $2.2 billion valuation.
The VC firm secured its first investment in an African company in January 2022, when it headed a $20 million round in Carry1st, a South African games publisher.
As the popularity of web3 and cryptocurrency grows, so do the opportunities. The potential of crypto and web3 entices investors, and the sector continues to gain the visibility it requires to thrive.
a16z is now approaching the golden period of Web3, according to Chris Dixon, a partner at a16z.
Programmable blockchains are adequately evolved, and a varied spectrum of apps have impacted tens of millions of users.
More significantly, Web3 has seen a massive influx of world-class talent over the last year. They are clever and zealous in their pursuit of a better internet.
Web3, gaming, DeFi, Decentralized social media, NFT communities, and Creator monetization are areas where the fund will focus.
According to Chris, innovations in self-sovereign identification, layer 1 and layer 2 infrastructure, bridges, DAOs and governance, privacy, regenerative finance, new uses of ZK proofs, decentralized content, and story creation are exciting a16z.
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