Andreessen Horowitz (a16z), an American fund investment company remains confident in the "crypto-centric vision of the internet called Web3" despite suffering billions of dollars in losses during the crypto market's drastic fall.
As evidence, Chris Dixon, the company's partner and chief decision-maker intends to invest as much as possible in the crypto market despite experiencing a large number of losses.
This follows because he believes that the company will develop the crypto market in the long term as a16z is still in the process of attracting more customers to use its services.
In fact, it is said that the gloom of the market provides a golden opportunity for his company to continue to provide solid support to crypto-entrepreneurs.
The streak, a16z improved the bullish strategy of crypto assets just after the main crypto fund launched in 2018 lost 40% of its value in 2022.
Nevertheless, a16z still maintains its position as a company that has gained positive revenue in recent years as a result of generating 10% profit after backing crypto exchange Coinbase in 2013.
Meanwhile, his company made a 100% increase in the market value of OpenSea's non-fungible token (NFT) when the agreement was made in 2021.
Meanwhile, the company provided funding of $40 million to Golden's decentralized knowledge protocol with its partner, Ali Yahya and co-founder Andreessen who joined Golden's board of directors.
