Venture Firm A16z Aims For $1 Billion Crypto Fund

The crypto space will soon have fresh capital to gain.

Recent report from the Financial Times states leading venture capital firm Andreessen Horowitz (a16z) is aiming for a third crypto fund.

After its first crypto fund in 2018 and a second crypto fund in 2020, the investment firm wants a third crypto fund that will invest as much as $1 Billion dedicated to crypto and statups.

This will be the biggest fund raise ever and will surely benefit a lot in the crypto space.

A16z has become successful with early investments from Coinbase and Ripple and has invested a good amount in crypto startups.

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