$9.8B Investment Arm Loses ‘Crypto’ Label as Andreessen Horowitz Rebrands
Photo: TheCoinrise
The venture firm is rebranding its digital asset unit as it widens its focus to AI and other frontier technologies. Andreessen Horowitz, one of the most prominent venture capital firms backing digital asset startups, is dropping the word "crypto" from the name of its dedicated investment division. The unit, which oversees roughly $9.8 billion in assets, has been known publicly as a16z crypto since its launch. According to reports, the firm now plans to position the arm under a broader banner that reflects interests beyond blockchain and tokens alone.
Source: TheCoinrise
