As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontier

In Brief

In a motion that crypto and blockchain-focused investing has receded successful importance, Andreessen Horowitz announced Thursday that it is renaming its integer plus portion from a16z Crypto to a16z Frontier.

The practice, helmed by Chris Dixon, has raised astir $10 cardinal crossed 5 funds since launching successful 2018, backing immoderate of the sector’s biggest wins, including Coinbase. Yet for years, a16z and rival task firms struggled to propulsion crypto’s inferior beyond fiscal rails, trading applications, and speculative assets.

Under the caller name, the squad is broadening its mandate to absorption connected emerging technologies, beryllium it AI, robotics oregon “new kinds of networks” connecting humans and machines. Yet, the radical isn’t abandoning crypto. Dixon wrote successful a blog post that blockchain exertion could “give caller networks autochthonal economical capabilities.”

Alongside Dixon, a16z Frontier’s wide partners see Eddy Lazzarin and Guy Wuollet. Meanwhile, Ali Yahya, who joined the crypto strategy arsenic its archetypal capitalist successful 2017, has near the firm, according to The Information.

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