Andreessen Horowitz Vets Launch $110M Crypto 'Ownership' Fund

Written By Guest User

Variant, which has backed the likes of Uniswap and Mirror, is launching a new fund dedicated to projects that harness the ownership incentive of tokens. Read the full article by: Jeff John Roberts

Key Points:

  • Jesse Walden and Li Jin of Andreessen Horowitz are starting up a $110 million fund that will invest in projects aiming to innovate the gaming, art, and music.

  • “I wanted to give ownership to users. Web 2.0 lets people make money here and there but not at the platform level," says Jin. "[With Web 3] you can distribute ownership as easily as you distribute information."

  • Li Jin is also the founder of the original Variant Fund after leaving Horowitz. Variant has invested in other popular DeFi projects such as Uniswap in the past.

  • While the DeFi space is currently a little difficult to navigate for the average users the space continues to grow. With the help of venture capitalists like this the sector can get the injection it needs to take the next step.

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