Andreessen Horowitz’s crypto arm is adopting the name a16z Frontier and expanding its mandate to long-horizon technologies. Managing partner Chris Dixon says the firm will back startups focused on AI-native applications and autonomous technologies, while continuing to invest in crypto and related sectors. Its latest fund raised $2.2 billion, compared with $4.5 billion in 2022, while the five funds launched since the team’s inception have raised approximately $10 billion in total. Founding general partner Ali Yahya is also leaving to launch his own venture firm, as advocacy for workable US crypto regulations continues under the new brand.
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