Venture Capital Firm Raised $2.2 billion For Crypto Investments

Coinbase-backed Venture Capital Firm Andreessen Horowitz  announced that they raised a $2.2 billion new fund that will be further used in  cryptocurrency based project investment.

Firm backed by Coinbase & Facebook published a blog. Through their blog they indicated that they will work for the future Cryptocurrency related projects which will bring new Founders of visionary projects.

In their blog post , they explained very well how they will use their money step by step to develop their project and expand the potential network. They claimed that the fund will be used to fully support crypto projects from early seed to highly developed end stage networks.

Firm also explained why they are in the way of investment in Cryptocurrency projects. They have full belief in Cryptocurrency that the future of Cryptocurrency is bright. And Cryptocurrency will stand for a very long time. So Investment in crypto based projects is really a better option.

The fund’s partners Chris Dixon, Katie Haun, and Ali Yahya elaborated that there is still more basic ground to cover despite the increase in crypto popularity. 

“Despite this momentum, we are still at the very early stages of what is possible. The size of this fund speaks to the size of the opportunity before us: crypto is not only the future of finance but, as with the internet in the early days, is poised to transform all aspects of our lives,” the blog post read.

Venture Capitals Fund

On this movement by Venture Capital Funds, many crypto experts believe that this is really the beginning of this Cryptocurrency market. 

Because people who were much advanced or lucky, were involved in crypto in the initial phase.

But now it is time for the Cryptocurrency market to cover the people at international level with full regulation and legislation.

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