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Techub News reports that, according to AMBCrypto, venture capital firm Andreessen Horowitz (a16z) has completed a $2.2 billion new cryptocurrency fund raise. The firm states that this investment strategy has been adjusted to focus on proven niche areas.
This fundraising demonstrates the investment firm's focus on mature tracks. Unlike previous efforts that emphasized early-stage innovative projects, this fund is more inclined to support cryptocurrency sectors with proven business models.