Venture capital firm Andreessen Horowitz (a16z) has raised $4.5 billion in a new fund focused on web3 and crypto startups.

$1.5 billion will go to pre-seed investments, with the remaining amount planned for rounds in the companies’ more mature stages of development.

The Foundation focuses on projects in the following areas:

The build becomes the fourth a16z crypto fund. In total, the company has raised more than $7.6 billion for these purposes – $2.2 billion in the third and $965 million in the first two.

“We are entering the golden age of Web 3.0. […] wide range dapps reached tens of millions of users. A huge wave of worldwide talent has entered the industry and is determined to improve the internet.”says the press release.

Recall that in April a16z opened a section for research in the field of cryptocurrencies and other technologies related to Web 3.0. Later, the company’s experts explained that the industry is in the middle of the “price-innovation” fourth cycle.

Previously, a16z launched a $600 million fund focused on “game infrastructure and metaverse technologies.”