Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren't slowing down.
On Wednesday, venture capital giant, A16Z, announced closing its fourth cryptocurrency fund at $4.5 billion. This brings the total money invested by Andreessen Horowitz in digital currency and blockchain business to more than $7.6 billion.
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![Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil](https://d1-invdn-com.investing.com/content/piccd1e8eb980ad22b169022d2b28636b37.jpg)