The name change is symbolic of the fund’s future investing focus, though the firm will continue investing in crypto.
The rebrand follows similar moves by Paradigm and Haun Ventures as crypto investors look beyond digital assets.
Andreessen Horowitz is renaming its crypto fund a16z Frontier and widening its scope to AI, autonomous machines and biology, saying the line between crypto and everyday tech has blurred.
The digital asset unit, helmed by Chris Dixon, broadens its scope.
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