a16z has announced the establishment of its new crypto fund, 'Crypto Fund 5', with a scale of $2.2 billion. The fund will deploy capital over the next decade, covering investments across all stages of the crypto sector. a16z stated that this round of funding will focus on projects with 'real-world value', including applications in payments, financial services, and decentralized systems. The core assessment is that the current market is more suitable for building 'long-lasting infrastructure and products' rather than projects driven by short-term narratives.
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