Element Finance, which is building a yield-maximizing marketplace for crypto interest rates, has landed some prominent backers.
The throughput-boosting Layer 2 project said rushing its mainnet launch could have consequences for unprepared projects.
Transaction volume on OpenSea has grown more than 100x over the last six months.
The round in the crypto custodian was led by GIC, Singapore’s sovereign wealth fund.
The titan of Silicon Valley VC is leading a major round in Optimism.
The Andreessen Horowitz-backed blockchain project successfully transitioned to Phase 2 of Mainnet after a suprise validator vote.
It is unclear at press time whether the approval is for a16z’s previously disclosed purchase of shares in Coinbase or for a new purchase.
a16z says high quality projects in the past cycle (some being startups in its own portfolio) will drive growth in the next.
NEAR announced Monday the closing of a $21.6 million token sale involving a16z, Pantera and others. It also revealed the stealth-mode launch of the NEAR mainnet on April 22.
Andressen Horowitz pointed to next-generation payments, decentralized finance, new monetization models and Web3 as use cases it would look into for its new $515 million fund.
Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million.
Arweave, a startup building a decentralized storage protocol for the world's knowledge, raises $5 million via token sale from a16z, USV and Multicoin.
Mobile-friendly cryptocurrency payments startup Celo has raised millions from A16z and Polychain in a private token sale.
The University of Michigan, which has an endowment valued at about $12 billion, may further invest in Andreessen Horowitz’s crypto fund.
LabCFTC director Daniel Gorfine advocated for thoughtful regulation of the cryptocurrency space in Congressional testimony Wednesday.