A16Z

Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain,  on Thursday announced a $300-million raise in Series B funding that values the company at over $2 billion. The round was led by FTX Ventures, with participation from a16z crypto, Jump Crypto, Apollo,...

India's anti-money laundering agency has accused a16z-backed crypto exchange CoinSwitch Kuber of violating forex laws, Bloomberg reported, citing sources.  What Happened: India's Enforcement Directorate (ED) carried out searches at five premises of...

A report from venture capital firm a16z’s cryptocurrency research team delves into why Ethereum (CRYPTO: ETH) remains the most popular smart contract network despite its expensive gas fees. What Happened: In the report, a16z presented an overview of how the cryptocurrency industry has evolved...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has landed backers for his buyout of social media platform Twitter Inc (NYSE: TWTR). What Happened: Agreements were reached with 19 total investors, including 18 new companies to help facilitate Musk’s $44 billion buyout of Twitter. Among the investors...

Land sales in virtual worlds such as The Sandbox (CRYPTO: SAND) and Decentraland (CRYPTO: MANA) have skyrocketed over the past year. One company is attracting investments from big investors and celebrities as it buys up virtual land and attempts to be a huge company inside the...

Leading NFT powerhouse Yuga Labs announced a new funding round Tuesday that includes some of the largest technology companies and investment funds. The funding round also included the participation of several notable athletes and celebrities. What Happened: Yuga Labs raised $450 million in a seed...

A fund is launching to buy and hold non-fungible token artwork as a new investment vehicle. Here are details and some of the big names involved that you need to know.  What Happened: The NFT fund, Curated, is launching with $30 million in funding from a leading team of...

Silicon Valley-based venture capital firm Andreessen Horowitz, or a16z, plans to raise $4.5 billion for a new series of cryptocurrency funds. What Happened: The firm intends to raise $3.5 billion for its latest crypto venture fund and $1 billion for another fund focused on seed investments in...

A new report making the rounds shows leading non-fungible token (NFT) marketplace OpenSea is seeing impressive growth and sales milestones and has landed a huge increase in value. What Happened: NFT marketplace OpenSea is being handed a $10 billion valuation, according to a report...

One of the most successful non-fungible token projects of all time announced a new funding round Tuesday. What Happened: Sky Mavis announced a $152-million Series B funding round. The funding was led by Andreessen Horowitz (a16z). Other investors included Accel, Paradigm, Samsung Next and Seven...

Volume and demand for non-fungible tokens have been surging. One project that is climbing up the leaderboards is PUNKS Comic, an NFT comic series drawn by Marvel and DC Comics artist Chris Wahl. A burning mechanism, new NFT launch and more items for PUNKS are attracting venture capitalists to the...

Titan, an asset manager for retail investors, announced it raised a $58 million Series B round led by venture capital firm Andreessen Horowitz (a16z). The company to date has raised $75 million. What Happened: Titan is a holistic asset management solution that builds, manages, and...