VC Giant Andreessen Horowitz Drops ‘Crypto’ Branding From $9.8B Investment Arm

Venture capital powerhouse Andreessen Horowitz is dropping the word “crypto” from the name of its dedicated cryptocurrency investment arm, rebranding the business as a16z Frontier as it expands its focus to artificial intelligence and other emerging technologies. The change, announced Thursday by Chris Dixon, the longtime head of a16z Crypto, marks a significant shift in branding for one of the cryptocurrency industry’s most prominent financial backers . But the firm stressed that the move does not signal an exit from digital assets.

Source: Bitcoin.com News