A16Z Crypto is targeting approximately $2 billion for its fifth fund, as reported amidst a downturn in the blockchain market characterized by subdued investor sentiment and decreased trading activity. In response to these challenging conditions, A16Z Crypto has recently emphasized investments in emerging sectors such as onchain gaming and AI-integrated blockchain projects, aligning with broader trends where prominent venture capital firms continue to launch new funds to support long-term innovations within the sector.
A16Z Crypto targets $2B for fifth fund amid blockchain downturn
