Andreessen Horowitz Targets Record-Breaking Crypto Fund; Twitter and Meta Explore NFT Features

Andreessen Horowitz is set to regain its position as the creator of the largest crypto fund to date. The venture capital giant is planning to raise $4.5 billion for two new cryptocurrency funds, according to the Financial Times. A $3.5 billion fund will continue its crypto investments and a $1 billion fund will target seed-stage digital asset ventures. The staggering total size of the funds spotlights the investor frenzy over the sector, despite slumping crypto prices. 

The investment tops the previous record from Paradigm, a VC firm focused on crypto that created a $2.5 billion fund in November. Paradigm and Andreessen Horowitz have been jockeying for months over who holds the record for the investing world’s largest crypto fund.