A16z, a VC firm that invested in Protocol Labs, Polychain Capital and Opensea, and many others – is reportedly looking to secure $4.5 billion via fundraising, to support crypto as a priority. 

Specifically, Andreessen Horowitz’ venture capital company reportedly revealed its plan of obtaining $3.5 billion for its VC fund, together with an additional $1 billion for Web3 seed investments, with details of the plans to be publicly revealed in March. 

The company is reportedly gearing towards an ambition of surpassing the $2.2 billion it raised in June last year – which went down in history as the most major fundraising across the crypto sphere – by a wide margin. 

The first fund will reportedly be channeled towards financially supporting crypto start-ups and initiatives in the form of investments, while the second one will be dedicated to making investments in digital tokens and currencies.

Andreessen Horowitz – currently offering management for approximately $30 billion equivalent in assets – is reportedly among the high-profile venture capital entities of Silicon Valleys. 

The venture fund was reportedly on the list of initial investors in a variety of well-known businesses, nominally Skype, Facebook, Twitter, and Coinbase.

Should a16z succeed in reeling in investors for its $4.5 billion fundraisings, it would secure the top spot in the sector, exceeding Paradigm’s $2.5 billion in November last year.

A16z has reportedly offered its support for several crypto-friendly gaming platforms, with the most recent being Carry1st – marking the first milestone where the firm invested in a startup based in Africa. 

In October last year, a high-powered delegation from the VC company interacted with members of Congress and administration officials in the United States to talk about crypto regulations.