Individual venture upper-case letter firm Andreessen Horowitz may have plans for some other crypto asset fund.

Established by Marc Andreessen and Ben Horowitz over 10 years agone, the firm looks to starting time its 2d crypto investment fund, hoping to garner $450 one thousand thousand in capital for the endeavour, Financial Times said in an Apr fourteen article, citing sources familiar with the situation.

The business firm is known in crypto

Also going by the name a16z, Andreessen Horowitz provides tech companies and visionaries with funding. The outfit has three funds used for investment in startups and the like, including the $350M Crypto Fund.

Andreessen Horowitz made headlines in 2022 when it raised $300 million for the crypto-specific fund.

A part of Facebook's Libra Association, the firm is also involved in that project'south funding, the Fiscal Times article noted.

The fresh fund is non finalized

The public is unaware of the new crypto fund's size, although Andreessen Horowitz may release further details over the side by side week or so, the Financial times wrote.

As the world currently awaits further direction from leaders on forward proceedings regarding coronavirus measures, markets across the board have rebounded somewhat. Tech investors, however, are proceeding with caution given the circumstances, the commodity said.

Back in December, a16z appear its gratis crypto startup school, shining a lite on the industry.

Cointelegraph reached out to Andreessen Horowitz for additional details, but received no response equally of press time. This article will be updated accordingly should a response come in.