Link to announcement below:
update
The founders a16z will be backing with this $2.2 billion fund are working on the part of the cycle that gets less attention and produces more of the lasting value: turning new infrastructure into products people use every day. That is how every important computing platform has eventually mattered, and it is how crypto will too.
Software is getting more complex and harder to trust. AI systems are powerful and largely opaque. The infrastructure the internet runs on is more consolidated than ever. In that environment, the properties that crypto networks were designed to provide become more valueable, not less:
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Systems that are transparent and verifiable
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Networks that are global from day one
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Economic models that align users, creators, developers, and operators
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Infrastructure that doesn't depend on a small number of intermediaries.
These properties are showing up in real products: in payments, in financial services in creator platforms, in decentralized infrastructure, in new ways for people and machines to coordinate. Much of this is being built by startups, and increasingly adopted by financial institutions, tech companies, and others to deliver faster, cheaper, and more reliable services.
#AI #Digitalassets #innovationcommunity
- Todor
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Todor Kostov
Director
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