Update
a16z Drops 'Crypto' From Its Fund
a16z, a prominent crypto investment firm, is renaming its crypto fund to 'a16z Frontier' and expanding its mandate to include AI, autonomous machines, and biology. The fund will continue to invest in crypto, with the most recent fund size on record being $2.2 billion, announced in May. The change reflects a shift in focus from the underlying technology to the applications of blockchain in various sectors.