a16z raised US $ 515 million for the second cryptocurrency fund, focusing on payment, value storage, DeFi and Web3

Venture capital firm a16z announced that it has raised US $ 515 million for the second cryptocurrency fund. The focus areas of this round of funds include next-generation payment methods, more modern value storage methods, decentralized finance (DeFi), providing creators with new monetization methods and Web 3. a16z said that in just ten years, cryptocurrency has experienced several waves. With each wave, the application of cryptocurrency has expanded to more types, and more visionary entrepreneurs have entered this One area, “We believe that continued investment in the long-term development of the Internet is very important to meet the needs of the next few decades.” Lianwen previously reported that a16z was reported two weeks ago to raise $ 450 million for the second cryptocurrency fund. In mid-2018, a16z’s first cryptocurrency fund raised $ 350 million.