<p>Venture capital firm Andreessen Horowitz continues to go big on cryptocurrency, even though Bitcoin has seen a big drop this year along with the overall stock market.</p>
<p>Partner Chris Dixon announced that Andreessen Horowitz has raised a new crypto fund totaling $4.5 billion. Of this amount, $1.5 billion will be dedicated to seed investments, and $3 billion to venture investments. This brings the firm&#8217;s total crypto/web3 funds raised to over $7.6 billion.</p>
<p>Dixon said the firm is going to use these funds to invest in promising web3 startups at every stage. He is excited about developments in <a href="https://future.a16z.com/podcasts/play-to-earn-gaming-and-how-work-is-evolving-in-web3/" target="_blank" rel="noopener">web3 games</a>, <a href="https://future.a16z.com/what-is-decentralized-finance/" target="_blank" rel="noopener">DeFi</a>, decentralized <a href="https://a16z.com/2019/08/29/social-networking-2030-crypto-regulatory-summit/" target="_blank" rel="noopener">social media</a>, self-sovereign identity, layer 1 and layer 2 <a href="https://www.youtube.com/watch?v=KNJGPI0fuFA" target="_blank" rel="noopener">infrastructure</a>, bridges, <a href="https://future.a16z.com/dao-canon/" target="_blank" rel="noopener">DAOs</a> &; <a href="https://a16z.com/2021/08/26/open-sourcing-our-token-delegate-program/" target="_blank" rel="noopener">governance</a>, <a href="https://future.a16z.com/nft-canon/" target="_blank" rel="noopener">NFT</a> communities, privacy, <a href="https://twitter.com/cdixon/status/1526527783941332992" target="_blank" rel="noopener">creator monetization</a>, regenerative finance, new applications of <a href="https://a16z.com/2022/04/15/zero-knowledge-proofs-hardware-decentralization-innovation/" target="_blank" rel="noopener">ZK proofs</a>, decentralized content &; <a href="https://future.a16z.com/crypto-and-community-owned-characters/" target="_blank" rel="noopener">story creation</a>, and many other areas.</p>
<p>A16z will also keep growing its operating teams so that it will continue providing the best services to founders. These operating functions include:</p>
<ul>
<li aria-level="2"><a href="https://a16z.com/2022/04/21/announcing-a16z-crypto-research/" target="_blank" rel="noopener">Research</a> and <a href="https://github.com/a16z" target="_blank" rel="noopener">engineering</a>, which helps portfolio companies solve their most important technical challenges in areas like cryptography, mechanism design, protocol design, and tokenomics; as well as conducting original research to advance the science and technology of the next generation of the internet.</li>
<li aria-level="2"><a href="https://a16z.com/2022/04/23/web3-security-crypto-hack-attack-lessons/" target="_blank" rel="noopener">Security</a>, which helps in areas like key management, smart contract auditing, and formal verification, along with application and infrastructure security.</li>
<li aria-level="2">Talent and people, which helps with recruiting executive, technical, and product talent, plus developing organizational frameworks to support scaling.</li>
<li aria-level="2">Legal and regulatory, which helps our portfolio companies navigate regulatory uncertainty, and charts pathways for <a href="https://a16z.com/wp-content/uploads/2021/10/DAO-Legal-Framework-Jennings-Kerr10.19.21-Final.pdf" target="_blank" rel="noopener">DAOs</a> and <a href="https://future.a16z.com/web3-decentralization-models-framework-principles-how-to/" target="_blank" rel="noopener">decentralization</a>.</li>
<li aria-level="2"><a href="https://future.a16z.com/go-to-market-in-web3/" target="_blank" rel="noopener">Go-to-market</a>, which helps with marketing, communications, <a href="https://a16z.com/category/blockchain-cryptocurrencies/" target="_blank" rel="noopener">content</a>, growth, strategic partnerships, and more.</li>
</ul>

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