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What Andreessen Horowitz’s $515M Crypto Fund II Means for the Sector
Across all of tech and blockchain/crypto media, the announcement of Andreessen Horowitz’s second crypto fund, with a reported size of $515 Million, paves the way for an undeniable wave of global blockchain and cryptocurrency investment and innovation.
As Matt Walsh of Castle Island Ventures noted in this firm’s most recent weekly email, this is extremely bullish for the entire sector.
This is really great news for the overall cryptoasset/blockchain ecosystem. A16Z is a firm that is expanding the pools of capital that are interested in hearing about blockchain/cryptoassets, and this represents the largest fund ever raised in this industry (at least one focused on venture).
Simply put — the cost of denying the importance and potential of cryptocurrency and blockchain (namely Bitcoin) will…
