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The token was trading at $2.66 midday Wednesday, a 5% bump up from its 24 hour lows. Most of the Wednesday rally immediately preceded a16z's announcement at 10:49 am ET. OP had already rallied Tuesday on trader speculation of an a16z deal before giving back its gains – and then
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The project is a new client for OP Stack, the standardized, open-source development stack that powers Optimism. The client is written using the Rust programming language and is meant to serve as a faster alternative to op-node, the only existing rollup client that’s maintained by OP Labs and written in
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Andreessen Horowitz (a16z), a hedge fund that manages roughly $28 billion USD, has become one of the major victims of the crypto market crisis that broke out last spring. Despite the downturn, the company said it remains faithful to “the crypto-centric vision of the internet called Web3.” In his commentaries to
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The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system. Investors Inject Ready Player Me
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Since the start of the crypto arm in 2018, a16z has raised more than $7.6 billion to invest in crypto and blockchain companies. That includes its fourth crypto fund, established in May with $4.5 billion even as the market tumbled. Bitcoin has fallen from last November's record high of $69,000
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Paris Hilton also backed the decentralized autonomous organization providing capital and operational support for creators. Source
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Venture Capital firm Andreessen Horowitz has announced a $4.5 billion fund to focus on crypto and Web 3. Source
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The move comes as more VCs target India’s growing startup ecosystem. Original Source
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A16z, also known as Andreessen Horowitz, the venture capital (VC) company that has invested millions in crypto-related projects, has announced the launch of its own crypto research lab. This new initiative seeks to marry academic research with producing ideas and putting them into practice in startups and organizations in which
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