Morning Minute: a16z Drops 'Crypto' From Its Fund
Summary
Andreessen Horowitz has renamed its crypto fund “a16z Frontier” and expanded its investment mandate to include AI, autonomous machines and biology. Chris Dixon and other partners will lead the fund, which says it will continue investing in crypto; its latest publicly reported size was $2.2 billion. Dixon argues that blockchain infrastructure is increasingly embedded in mainstream financial products and sees crypto as useful for enabling AI-agent payments. The expansion comes as crypto competes for capital with a booming AI sector, making the change in mandate significant despite a16z’s continued crypto commitment.
