A16z


Web3

Mythical Games Sues Former Executives for Secretly Raising $150M for New Firm

The Web3 gaming studio alleges that the former executives, who departed the firm in November, used knowledge gained from raising funds for Mythical to acquire capital for their new firm, Fenix Games.

(mythicalgames.com)

Consensus Magazine

Keeping the Crypto Industry Bankrolled

A16z partner Chris Dixon spent the first half of the year boldly amassing a $4.5 billion fund. But when the crypto industry went upside down, he pivoted to quietly support promising ventures. That’s why he is one of CoinDesk’s Most Influential 2022.

Chris Dixon (Will Ess for Pixelmind.ai/CoinDesk)

Finance

A16z Leads $15M Round for Game Studio Roboto Games

The studio, which was founded by Web2 veterans, plans to add Web3 elements to its forthcoming survival/crafting MMO game.

Roboto Games' upcoming title, codenamed Foragers and Fighters (Roboto Games)

Policy

Crypto Investor a16z Wants to Join Ooki DAO Defense Against CFTC

Andreessen Horowitz is just the latest entity looking to argue the commodities regulator must serve its lawsuit against individual members of the DAO, not the DAO itself.

A16z's flagship crypto fund loses 40% in the first half of 2022. (Haotian Zheng/Unsplash)

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Finance

A16z's Largest Crypto Fund Loses 40% in First Half of 2022: Report

Andreessen Horowitz has slowed down its crypto investments, making just nine in the third quarter, compared with 26 in the fourth quarter of last year.

A16z's flagship crypto fund loses 40% in the first half of 2022. (Haotian Zheng/Unsplash)

Finance

A16z Doesn’t Support Plan to Break Up DeFi Giant MakerDAO

MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth.

MakerDAO founder Rune Christensen (CoinDesk TV)

Finance

Crypto Exchange Uniswap Labs Raises $165M in Polychain Capital-Led Round

The funding will advance Uniswap’s web app, developer tools and NFT projects.

(Unsplash)

Finance

A16z Leads $14M Funding Round for New E-Commerce Platform From Twitch Co-Founder

Rye plans to become fully decentralized on the Solana blockchain

Rye co-founders Robin Chan, Justin Kan, Arjun Bhargava, Saurabh Sharma, Jamie Quint and Tikhon Bernstam (Rye)

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Finance

A16z Leads $40M Funding for Web3 Data Protocol Golden

The protocol will use tokens to incentivize users to submit accurate information.

Andreessen Horowitz co-founder Marc Andreessen (Fortune Live Media via Flickr)

Layer 2

Student Organizations Pull Their Weight in DeFi Protocol Governance

Crypto-curious students find valuable hands-on experience and empowerment in policy elections, a typically low-participation area of the Web3 ecosystem

(DALL-E/CoinDesk)