After a little more than a year as a general partner at Andreessen Horowitz, one of the most prolific investors in web3 technologies, James Gwertzman announced he is stepping down at the end of the month.

“I've made the decision to step back from my role as [general partner] at a16z in order to go back to being a full-time builder,” he said in a LinkedIn post. “I'm proud of helping launch Games Fund One, and I've loved learning the VC ropes, but I miss being an entrepreneur.”

In recent years Andreessen Horowitz, or a16z, has established itself as one of the biggest investors in web3 developers and platforms, including blockchain-powered gaming projects such as Sky Mavis, which is responsible for the once highly popular play-to-earn game Axie Infinity, and Mythical Games, which is also releasing web3 titles.