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Andressen Horowitz pointed to next-generation payments, decentralized finance, new monetization models and Web3 as use cases it would look into for its new $515 million fund.
The firm’s executives will encourage policymakers to create a national strategy for Web 3 technologies and develop appropriate regulations for the full range of products and services.
Nassim Eddequiouaq and Riyaz Faizullabhoy are joining the venture giant’s crypto-focused arm from Facebook, where they co-created the Novi wallet’s crypto custody infrastructure.