we back bold entrepreneurs building the next internet
thesis
a16z crypto is a venture capital fund that invests in crypto and web3 startups. We recently announced a $4.5 billion fourth fund, bringing our total funds raised to more than $7.6 billion.
The first era of the modern internet (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network: users and builders.
The second era of the internet (roughly 2005-2020) favored siloed, centralized services. Most of the value accrued to a handful of large tech companies.
We are now beginning the third era of the internet — what many call web3 — which combines the decentralized, community-governed ethos of the first era with the advanced, modern functionality of the second era. This will unlock a new wave of creativity and entrepreneurship.
a16z crypto supports our portfolio and the growth of web3 through:
- our research organization;
- engineering and security teams;
- legal and regulatory teams;
- go-to-market expertise;
- recruiting services;
- educational content; and more.
content
- latest: SNARK frontends, backends, futures
- hard to do: measuring blockchain performance
- set them free: the rise of cc0 NFTs
- research video: an evolution of models for zk proofs
- deep dive: web3 as 'democracy at lightspeed'
- tool: zero-knowledge info-sharing (zkdocs)
- web3 with a16z: *new podcast from us*
- web3 weekly: *new newsletter from us*
- State of Crypto report (2022)
- our resources canons - DAOs, NFTs, more
- code releases & tools
portfolio
- Adim
- Alchemy
- Aleo
- Anchorage Digital
- Angle
- Aptos
- Arweave
- Autograph
- Avalanche
- Battlebound
- Bitski
- BreederDAO
- Celo
- Chia
- Co:Create
- Coinbase
- CoinSwitch Kuber
- Compound
- CreatorDAO
- Dapper Labs
- DeSo
- Dfinity
- dYdX
- Dynamic
- Eco
- Element
- Entropy
- Everyrealm
- Farcaster
- Fei
- FingerprintsDAO
- Flow
- Forta
- Forte
- Foundation
- Friends with Benefits
- Goldfinch
- Halliday
- Improbable
- Iron Fish
- Irreverent Labs
- Kosen Labs
- LayerZero
- Lido
- Lightspark
- Linera
- Loop
- MakerDAO
- Manifold
- Matter Labs
- Mem
- Meta4 Capital
- Mirror
- Morpho
- Mysten Labs
- Mythical Games
- Nansen
- Near
- NOD Games
- Nova Labs
- Nym
- OnChain Studios
- OpenSea
- Optimism
- PartyDAO
- Phantom
- PleasrDAO
- Protocol Labs
- Rally
- Royal
- Sky Mavis
- Solana
- Sound.xyz
- Spruce
- Syndicate
- Tally Labs
- Talos
- TrustToken
- Uniswap
- Valora
- VeeFriends
- Virtually Human Studio
- Worldcoin
- XMTP
- Yield Guild Games
- Yuga Labs
team
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Any investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments in vehicles managed by a16z crypto and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. Exits include current and former a16z portfolio companies which have been acquired as well as companies which have undergone an initial public offering or direct public offering of shares. Certain publicly traded companies on the list may still be held in Andreessen Horowitz funds. A list of investments made by funds managed by a16z is available at a16z.com/investments/.
Excluded from this list are investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets. Further, the list of investments is updated monthly and as such may not reflect most recent investments. Past results of Andreessen Horowitz’s investments, pooled investment vehicles, or investment strategies are not necessarily indicative of future results. For more important information see a16z.com/disclosures/.