Tech-focused venture capital firm a16z has raised over $15 billion to invest in critical technologies to secure America’s future. Crypto remains a key part of their mission to maintain America’s dominance in AI and crypto architectures. Ben Horowitz emphasizes the importance of US government alignment with the private sector to prevent losing dominance. The funds will be distributed across various verticals, excluding the a16z Crypto fund, but still investing in crypto-related companies. In a separate investment, a16z put $15 million into Bitcoin staking and lending protocol Babylon to support Bitcoin’s DeFi ecosystem.
Read more at Cointelegraph: A16z raises $15B Says Crypto is Crucial to Preserve US Dominance
