a16z policy director: Britain promotes becoming a global crypto asset technology hub
On October 31st, a16z policy director Brian Quintenz posted on social media that the UK Treasury has issued a conclusive statement on the regulation of cryptocurrency assets, which is exciting news. Andrew Griffith MP, the Economic Secretary to the Treasury, has made it clear that the government is very interested in embracing blockchain and crypto innovation, and remains committed to making the UK a global center for crypto asset technology. Now, with the outline of future regulatory frameworks becoming clear and the Financial Services and Markets Act having been passed, the UK will begin to expand its crypto asset business.
a16z plans to raise $3.4 billion for next early-stage fund
Citing sources, Silicon Valley venture capital firm Andreessen Horowitz (a16z) plans to raise approximately $3.4 billion for its next core early and seed stage fund. The fundraising is expected to start around the end of this year and is expected to end in the first half of 2024.
a16z moved $28 million in UNI from the "UNI Voting" address to a new address
a16z transferred 28 million US dollars worth of UNI from the "UNI Voting" address to a new address.
What Builders Talk About When They Talk About AI
The most common refrain across those building AI is that AI is emerging as the next computing platform, and we are still very, very early in that process.
Anjney Appointed as General Partner to Lead a16z's AI Efforts
A16z has appointed Anjney as a general partner to lead their AI efforts. The company believes that we are at the beginning of a new technology supercycle driven by foundation models and generative AI, but few people understand the technology, business implications, important network players, or underlying trends. Anjney was chosen for his expertise in all of these areas, and his reputation as a trusted advisor to leading AI teams. A16z expects great things to come from him and the firm in the field of AI. However, investors should not rely solely on charts and graphs when making investment decisions, as past performance does not guarantee future results.
a16z Deposited 1,380 MKR to Coinbase Again
a16z deposited 1,380 $MKR ($1.52M) to #Coinbase again via address "0x1279" 15 mins ago.Address"0x1279" currently holds 5,520 $MKR ($6M).
Google Allows NFT Transactions on Google Play Store, Snoop Dogg-Backed Music Venture Raises $20M, and More NFT News
Google has updated its policy to allow NFT transactions on apps in the Google Play store. Starbucks Odyssey's next loyalty program stamp will be designed by Micah Johnson's NFT character, Aku. Sound, a decentralized music venture backed by Snoop Dogg and a16z, announced a $20 million funding round. Art Blocks' Chromie Squiggle NFTs have a floor price of nearly $20,000. Web3 is offering free Slurpee NFTs, while Seedphrase, the self-proclaimed "No. 1 CryptoPunk," has signed with talent agency WME to expand its brand. Particle's co-owners have approved the loan of their Banksy painting, "Love is in the Air," to museums worldwide. Meta's new app, Threads, has surpassed 100 million downloads and supports the decentralized social media protocol ActivityPub.
Venture Capital Firm a16z Transfers 6,432 MKR Worth $5.9M to Coinbase
Venture capital firm a16z has transferred 6,432 MKR, worth approximately $5.9 million, to Coinbase through the address 0xd520, according to recent reports. In 2019, a16z received 60,000 MKR, likely as part of an investment allocation, and then sold 27,840 MKR in 2021 at an average price of around $2,750 through Genesis Trading OTC and Coinbase.
a16z Launches State of Crypto Index
Recently, Andreessen Horowitz (a16z) launched the State of Crypto Index, a new interactive tool that tracks the state of the crypto industry from a technology perspective. The index provides a more accurate and detailed assessment of the industry's current state by using a weighted monthly average of 14 key indicators, including the number of verified smart contracts, transactional wallets, and more.
The Risks and Potential of NFT-Backed Financing: Best Practices and Traditional Finance Principles Needed for a Sustainable Future
A recent report by a16z on the "State of Crypto 2023" has highlighted the increasing popularity of NFTs and their potential for reshaping the financial landscape. While NFT purchases have shown positive growth, NFT-backed financing (NFT-fi) presents both opportunities and risks.
