Andreessen Horowitz News

Billionaire tech entrepreneur Marc Andreessen says that the current proliferation of Web3 and blockchain technology looks just like the internet in the late 1990s.

Irreverent Labs, Lighthouse Labs, N3TWORK Studios, DoraHacks, iZUMi Finance, Common and Centrifuge headline the latest funding deals from the world of blockchain.

The new investment vehicle will focus on early-stage ideas as well as projects that are more mature and have already shown some traction.

The startup fund, which is backed by Babel Finance and Huobi Ventures, will back emerging projects that are building for the Web3 and metaverse economies.

Games Fund One will invest in game studios, consumer apps and game infrastructure providers with a16z saying the industry has “solved many of the problems” needed to make a metaverse.

The funding round led by Web3-focused venture capital firms will be used for upcoming nonfungible tokens, comics and a play-to-earn game slated for late 2022.

PayPal-backed crypto firm Talos has raised fresh funding from companies like Ken Fox’s private equity firm Stripes, BNY Mellon, Citi and others.

HBAR Foundation, bloXroute, GamerGains, Spruce, Venly, Playmint and Oasis.app headline the latest funding deals from the world of blockchain.

Following his appointment as head of research, Tim Roughgarden stated that a16z’s funding into crypto research will grow by “many multiples of the next couple of years.”

Chris Dixon has topped the Forbes “Midas List” as the most successful venture capital investor in 2022.

Filings reveal the massive amount of assets that crypto venture funds are managing, while Andreessen Horowitz’s crypto funds were also disclosed to be worth around $9 billion.

The billionaire investor may be stepping down from Meta’s board along with Peter Thiel due to concurrent investments in Web3 that conflict with Meta’s interests.

The largest-ever venture fund for a solo female partner will invest in Web3 projects through two funds: a $500 million early-stage fund and a $1 billion acceleration fund.

Led by Andreessen Horowitz, the seed round is one of the largest funding deals in the nonfungible token market.

From digital art to mortgages, blockchain technology is disrupting traditional industries — and attracting major investors to boot.