Happy Thusday, Blockfolians
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!
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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Highly Relevant Reading
Tezos has teamed up with Chainlink for decentralized pricing oracles
Caving to the SEC, Telegram offers to return $1.2B in token sales to investors
Fidelity-backed Fireblocks sees $30b in asset transfers to date
Genesis has a record Q1 with $2B in new loan issuance
The Block’s Larry Cermak updates stablecoin’s steady march to $10B in total issuance
FinTwit’s new hero Dave Portnoy explains the stock market
Dave Portnoy @stoolpresidenteThe stock market continues to skyrocket as the world ends. Disgusting. I am up $350k today though. #ddtg #fintwit https://t.co/e4uBOsZRZm
A Really Big Number We Should Be Paying Attention To
That’s reportedly what ICE spent to acquire loyalty solution Bridge2 for Bakkt.