The Latest Breaking News from Andreessen Horowitz

At a time when the broader crypto market has entered a downturn following the collapse of TerraUSD (CRYPTO: USDT) and

WeWork Inc (NYSE:WE) cofounder Adam Neumann raised $70 million from venture capitalists and others for his co-founded carbon-credit startup Flowcarbon, Bloomberg reports. The startup raised traditional funding from backers like Andreessen Horowitz’s crypto arm, General Catalyst, and Samsung Next. Flowcarbon also raised money by selling its token, called the Goddess Nature Token. Neumann,…

Silicon Valley-based venture capital firm Andreessen Horowitz, or a16z, plans to launch a new $600 million metaverse fund.  What Happened: In a recent blog post, Andreessen Horowitz announced the launch of the fund, which would support innovation in the gaming industry and help build the infrastructure of the metaverse.

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