https://techcrunch.com/2023/05/04/arianna-simpson-a16z-speaker-techcrunch-disrupt-2023/

Investing in crypto is not for the faint of heart. The volatile crypto landscape is littered with the remains of high-profile collapses, like Terraform Labs, Three Arrows Capital and FTX. Still, some VC firms — especially investment powerhouse Andreessen Horowitz (commonly known as a16z) — remain bullish on crypto.

In May 2022, a16z announced a fourth crypto fund to the tune of $4.5 billion, which brings the total amount of funding it has raised for crypto and web3 alone to more than $7.6 billion.