A16Z Re-Ups On Crypto With $515M Fund

Plus a record setting Q1 in crypto loans

Happy Thusday, Blockfolians

The Lede

Andreessen Horowitz has announced a second crypto fund to the tune of a cool half billion dollars. The firms announcement post made clear that they were a venture fund (as opposed to a hedge fund actively trading tokens) and shared some of the areas they were most interested in, including Web3, DeFi, new monetization methods for creators, next generation payments and more.

Interestingly, the article explicitly calls out “modern store of value” and discusses bitcoin’s growing acceptance as a better, digital gold, which seems to us to make it clear that this massive firm is interested in bitcoin-related plays. Let the building begin!

Andreessen Horowitz is launching a $300 million crypto fund ...

A16Z crypto partners Chris Dixon and Katie Haun

P.S. The Wolf Of All Streets may think that quarantine weekends have no meaning, but we’re still pretty glad it’s Thursday over here!

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Community Commentary

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A Really Big Number We Should Be Paying Attention To

$300,000,000

That’s reportedly what ICE spent to acquire loyalty solution Bridge2 for Bakkt.


Final Thought

Legend.