a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech
Summary
Andreessen Horowitz is renaming its crypto fund a16z Frontier and broadening its focus to include AI and other emerging technologies. The firm says it will continue investing in crypto and advocating for crypto regulation, while framing its strategy around long-term bets on technologies that may create new markets. Crypto could remain important as a payment layer for autonomous AI agents and networks. Chris Dixon will lead the fund with a16z founders and other general partners. The fund’s current size was not disclosed; its latest announced figure was $2.2 billion in May.
