Andreessen Horowitz Rakes In $2.2B for Third Crypto Venture Fund
It's the VC industry's largest crypto-related fund to date.
BlockTower Capital, Andreessen Horowitz (a16z) and Alameda Research led the round by purchasing TRU, TrueFi’s native token.
The company is a mobile-first investment platform that allows clients to have their capital actively managed in long-term strategies.
The funding will be used to invest in virtual worlds in the play-to-earn space.
The NFT venue has crossed into the rarefied air of crypto unicorns.
“We’re not basing our company on some KYC’d version of DeFi coming out in the future,” said Nansen CEO Alex Svanevik.