a16z is raising a second cryptocurrency fund with a target amount of US $ 450 million

According to a report from the Financial Times, the Silicon Valley investment giant a16z is raising a second cryptocurrency fund with a target amount of US $ 450 million. The Financial Times quoted relevant sources as saying that a16z may finalize the new fund in about a week, but there is no hard cap limit on the size of the fund. In mid-2018, a16z successfully raised US $ 350 million through the first cryptocurrency fund.