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DeFi Industry Heats Up as A16z Announces $515 Million DeFi Fund

Written By Ivan on Tech

May 03, 2020

The venture capital firm Andreessen Horowitz, commonly known as “A16z”, is now announcing a new crypto fund. This crypto fund will focus on investments relating to cryptocurrency and blockchain technology startups. 

DeFi is one of the hottest industries in crypto

Furthermore, this fund will also invest in crypto startups that explore payments applications, Web 3.0, and - perhaps most notably - decentralized finance (DeFi). Decentralized finance, or the DeFi field, is getting a lot of attention lately.  

Additionally, the two co-leaders of the A16z fund, Chris Dixon and Katie Haun, agree that the DeFi space is one of the most interesting developments in the blockchain industry lately. 

In fact, they believe that DeFi and practical blockchain applications could transform how everything from lending and insurance to derivatives and trading is done. “We think the next wave of internet business models will come from crypto,” Dixon and Haun...

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