Global Stock News

a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech

a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech

Andreessen Horowitz, the venture capital firm better known as a16z, is renaming its crypto fund “a16z Frontier” and widening its mandate to AI and other emerging technologies, according to an email shared with its newsletter subscribers on Thursday.

a16z is among the biggest backers of the crypto industry, and when a firm that size drops “crypto” from its name, it shows where it may expect the next wave of cash to go. Chris Dixon, a general partner who runs the crypto team, says the firm’s bets include Coinbase, the blockchain network Solana, and Uniswap, a platform where people swap tokens without a middleman.

Myriad: How low will Tesla stock go? Click to make your prediction.
Myriad: How low will Tesla stock go? Click to make your prediction.

a16z calls the move “an…

Source link

Share this article

Scroll to Top