Andreessen Horowitz has announced a new $4.5 billion fund that will invest in cryptocurrency and Web 3 companies, according to an official statement.
- The fund is the firm's fourth targeting digital assets, with more than $7.6 billion raised in total.
- Of the $4.5 billion, $1.5 billion will be allocated for seed investments and the rest for venture investments.
- "We believe we are now entering the golden era of web3," the company said.