As the political winds shift for the volatile crypto industry, one of the sector's staunchest supporters is doubling down on its efforts to support blockchain-friendly candidates in the upcoming U.S. elections.
On Thursday, Chris Dixon, founder and managing partner of a16z crypto—the $7.6 billion digital assets arm of venture capital behemoth Andreessen Horowitz—announced that the firm would donate $25 million to Fairshake, a crypto-focused super PAC, bringing a16z's total outlay to $47 million. One of the most active VCs in the sector, a16z crypto backs companies from Coinbase to OpenSea, with Dixon recently completing a global book tour for his treatise on blockchain, Read Write Own.
