Andreessen Horowitz, the venture company from the Silicon Valley, has announced its launch of a blockchain-based fund with an asset of $ 300 million. The fund named “a16z” will be engaged in long-term crypto and blockchain projects investment.
“We’ve been investing in crypto assets for 5+ years,” General partner Chris Dixon claims. “We’ve never sold any of those investments, and don’t plan to any time soon. We structured the a16z crypto fund to be able to hold investments for 10+ years.”
Chris also notices that the company will engage in long-term investment gradually, regardless of market conditions. The fund will focus on projects, offering viable solutions with “non-speculative use case.”
Recently in June, Andreessen Horowitz (a16z) and some other organisations invested $ 20 million in the platform for Tokenization of TrustToken assets.