A16z Crypto Unveils $2.2 Billion Fund to Build the ‘Next Wave’ of Financial Innovation
Key Takeaways:“Their growth looks less like speculation and more like network adoption: usage compounds because the technology is useful, not because of expectations about price action,” he stated.
Another key element is on-chain financial markets, with tokenization, on-chain trading, and prediction markets as part of this broader area. “A new financial system is taking shape that runs continuously, settles nearly instantly, costs almost nothing, and is open to anyone with internet access,” he stressed.
A16z Crypto claims that the properties of crypto systems, including transparency, verifiability, expandable networks, aligned economic ecosystems, and independent infrastructures, are relevant as they are now being expanded to real-world applications pushed by startups and adopted by financial institutions.
“The founders we’re backing with this $2.2 billion fund are working on the part of the cycle that gets less attention, and we believe produces more of the lasting value: turning new infrastructure into products people use every day,” it concluded.
A16z Crypto’s fund comes on the coattails of Haun Ventures’ recent announcement of another similar $1 billion fund to support creators building technologies to bring the next economic infrastructure.
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