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Andreessen Horowitz loses billions but stays faithful to crypto By Cointelegraph

Andreessen Horowitz loses billions but remains loyal to crypto

Andreessen Horowitz (a16z), which is a hedge fund that manages approximately $28 billion, has been one of the main victims of the crypto market crisis. Despite the downturn, the company said it remains faithful to “the crypto-centric vision of the internet called Web3.”

In comments to Wall Street Journal in an article about a16z’s crypto involvement Published on Oct. 26, Chris Dixon — a general partner of the fund and a chief decision maker on crypto investments — pledged his intention to continue investing in the market despite losses.