Venture giant Andreessen Horowitz drops ‘crypto’ from name of blockchain fund, rebrands as ‘a16z Frontier’
Source: Fortune ·
The rebrand follows similar moves by Paradigm and Haun Ventures as crypto investors look beyond digital assets.
From the source
In 2018, Andreessen Horowitz made a splash in the venture capital world by launching a spin-off dedicated to digital assets called a16z Crypto. Eight years later—perhaps recognizing that the term “crypto” has fallen out of favor—the VC giant announced Thursday that it was rebranding to a16z Frontier, and expanding its scope to back startups developing artificial intelligence, robotics, and other emerging technologies. Managing partner Chris Dixon will lead the fund alongside Andreessen, Horowitz, and general partners Eddy Lazzarin and Guy Wuollet. The shift expands the scope of its $2.2 billion fund announced in May, though the firm will continue backing crypto startups and advocating for crypto regulation. As more businesses use blockchain technology behind the scenes, the distinction between crypto companies and other businesses is becoming less clear, Dixon wrote in an X article. “Does that make them crypto companies? The label matters less now,” he said. a16z crypto general…