As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontier
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[Topic] As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontie [Type] Internet Industry News [Key points] 1. The digital asset unit, helmed by Chris Dixon, broadens its scope. [Industries] Internet [Source] TechCrunch (auto-collected by AiEmy Cloud / AiEmy Cloud StAck)
The digital asset unit, helmed by Chris Dixon, broadens its scope.
Posted:
- Marina Temkin
As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontier
In a sign that crypto and blockchain-focused investing has receded in importance, Andreessen Horowitz announced Thursday that it is renaming its digital asset unit from a16z Crypto to a16z Frontier.
The practice, helmed by Chris Dixon, has raised nearly $10 billion across five funds since launching in 2018, backing some of the sector’s biggest wins, including Coinbase. Yet for years, a16z and rival venture firms struggled to push crypto’s utility beyond financial rails, trading applications, and speculative assets.
Under the new name, the team is broadening its mandate to focus on emerging technologies, be it AI, robotics, or “new kinds of networks” connecting humans and machines. Yet, the group isn’t abandoning crypto. Dixon wrote in a blog post that blockchain technology could “give new networks native economic capabilities.”
Alongside Dixon, a16z Frontier’s general partners include Eddy Lazzarin and Guy Wuollet. Meanwhile, Ali Yahya, who joined the crypto strategy as its first investor in 2017, has left the firm, according to The Information.
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The digital asset unit, helmed by Chris Dixon, broadens its scope.. AiEmy Cloud (AiEmy Cloud StAck) tracks and curates updates in this space.
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