A16z Drops the Crypto Label as It Expands Into AI and Emerging Tech
12 Articles
12 Articles
A16z drops the crypto label as it expands into AI and emerging tech
The venture investor behind early bets on Coinbase, Solana and Uniswap said is broadening its focus, joining other crypto investment firms looking beyond blockchain to artificial intelligence and tech themes.
Andreessen Horowitz Drops Crypto From Its Flagship Fund's Name
Chris Dixon's fund raised $2.2 billion in May on a pledge to stay 100% crypto-focused. Five months later, with bitcoin near $82,000 and down from a $126,000 peak, that promise and the crypto name are both gone.
Andreessen Horowitz has rebranded its crypto arm as a16z Frontier; its $2.2 billion crypto fund remains in place, and blockchain investments continue.
a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech
Andreessen Horowitz is renaming its crypto fund a16z Frontier and widening its scope to AI, autonomous machines and biology, saying the line between crypto and everyday tech has blurred.
"We are lucky to live one of the most decisive periods of technological evolution in human history," said Chris Dixon Source: Giant from the sector removes the word "Crypto" from its name and is called a16z Frontier See more news about Bitcoin. Follow Livecoins on Facebook, Twitter, Instagram and YouTube.
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