WeWork founder reinvents himself with $70M crypto carbon credit platform
Three years after being ousted as CEO of WeWork, Adam Neumann has jumped on the crypto bandwagon, raising $70 million in the first major funding round for his climate tech venture Flowcarbon. The project aims to make carbon trading more accessible by putting carbon credits on the blockchain. Neumann is an Israeli-American businessman and investor […]
$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M
Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.” Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player […]
Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto report
Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum are “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword,” given that Ethereum prioritizes decentralization over scaling, resulting in competing blockchains stealing market share with “promises of better performance […]
Columbia Uni professor heads up a16z's new crypto research unit
Theoretical computer scientist and Columbia University professor Tim Roughgarden has been appointed the head of Andreessen Horowitz’s (a16z) new crypto research unit. Roughgarden’s resume includes more than three years as a professor of computer science at Columbia University in New York, along with a 14-year stint at Stanford. He has also served as a research […]
a16z's Chris Dixon tops ‘Midas List’ by turning $350M into $6B in 2021
Crypto venture capital firms have been investing at unprecedented rates recently and Andreessen Horowitz is one of the industry’s leaders making huge returns on their investments. Andreessen Horowitz (a16z) general partner Chris Dixon has topped the Forbes “Midas List” of the world’s best venture capital investors in 2022. Seldom does a crypto or Web3 funding […]
Crypto venture capital firms see surging assets under management
Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the sector. The assets under management figure for Web3 and crypto investment firm Paradigm has recently been revealed. Filings show that the firm has $13.2 billion in assets, […]
Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund
Katie Haun, crypto investor and board member for Coinbase and OpenSea announced that she had raised $1.5 billion for her new fund, Haun Ventures. On Tuesday, March 22, Haun posted an article on Twitter, briefly introducing the firm and sharing that the funds would be used to invest in Web3 projects. Introducing @HaunVentures, a firm […]