a16z to rename crypto fund and expand investments

The largest crypto venture fund Andreessen Horowitz (a16z) announced a revision of its development strategy. The company plans to rename its main crypto fund from a16z crypto to a16z frontier.

The new name reflects the fund's intention to expand its investment scope beyond the crypto industry alone. This is a step towards portfolio diversification and entry into broader technology markets.

At the same time, it became known that one of the founders of the crypto division is planning to leave the company. However, no official data on reducing direct investments in crypto projects has been received yet.