The AI Agent Token Bubble: Why 75% of Traders Are Losing Money

January 22, 2025 Bitcoin.com

A16Z

A study by Phut Crypto found that 88% of AI agent tokens have failed, with an average lifespan of only 17 days. 75% of AI Agent Token Traders in Red While they ended 2024 as one of the most trending digital assets, artificial intelligence (AI) agent tokens often fail to last the distance, with 88% […]

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Trump appoints former college football player Bo Hines to head crypto council

December 23, 2024 Coin Telegraph

A16Z

Bo Hines will work under Donald Trump’s crypto and AI czar, David Sacks, on the incoming presiden’ts crypto council in a bid to “foster innovation and growth” for digital assets.

Donald Trump has appointed former college football player Bo Hines as the executive director of his incoming administration’s new “Crypto Council.”

In a Dec. 22 post to his social media platform Truth Social, the United States president-elect said Bo Hines — an unsuccessful US House Republican candidate in 2022 — would become the Executive Director of the Presidential Council of Advisers for Digital Assets.

Source: Donald Trump

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a16z sees ‘greater flexibility to experiment’ with crypto under Trump

November 11, 2024 Coin Telegraph

A16Z

Legal and policy experts from the crypto arm of a16z are confident that “the future of crypto in the US is bright.”

The crypto arm of venture capital firm Andreessen Horowitz (A16z) said that there will be “greater flexibility to experiment” as the regulatory landscape for crypto improves in the United States.

“While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain unchanged,” it stated before adding that this means that “where there is trust, there is regulation” still applies.

A16z Crypto legal and policy experts Miles Jennings, Michele Korver, and Brian Quintenz shared their positive outlook for crypto regulations in a blog post on Nov. 10, days after Donald Trump’s presidential election victory on Nov. 6.

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Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund

September 13, 2024 Coin Telegraph

A16Z

Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States.

Stand With Crypto, a political advocacy group led by Coinbase, launched a legal defense fund for non-fungible token (NFT) projects, according to a Sept. 13 post on the X platform.

Dubbed the Creator Legal Defense Fund, the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. According to Stand With Crypto's website, it is also backed by law firms, including Fenwick & West LLP, Goodwin Procter LLP, and Latham & Watkins LLP.

“With the SEC issuing OpenSea a Wells notice, as well as other attacks on artists and creators, it has become clear that those looking to build on blockchain technology will continue to face significant legal threats and challenges,” according to the website.

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Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain

August 23, 2024 Bitcoin.com

Pip Labs Raises Million at a .25 Billion Valuation to Protect IP via Blockchain

A16Z

Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for […]

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PIP Labs secures $80M for Story Protocol, valuation hits $2.25B

August 21, 2024 Coin Telegraph

PIP Labs secures M for Story Protocol, valuation hits .25B

A16Z

Story Protocol’s Series B was co-led by a16z Crypto and Polychain Capital. The funds were targeted at developing its L1 blockchain, designed for IP tokenization.

Palo Alto-based startup PIP Labs has announced an $80-million Series B funding round co-led by a16z Crypto and Polychain Capital to support the development of Story Protocol, a layer-1 blockchain designed specifically for managing intellectual property (IP).

Several other investors participated in the round, including Hashed, Foresight Ventures, Samsung Next, Mirana Ventures, SparkLabs Global and angel investors. In total, PIP Labs has received $140 million in funding, with a16z Crypto participating in three funding stages, from seed to Series B.

According to Bloomberg, this latest round boosts the startup’s valuation to $2.25 billion, though PIP Labs has not confirmed or denied the figure.

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Crypto-Friendly VC Andreessen Horowitz Backs Trump Campaign

July 17, 2024 Bitcoin.com

A16Z

Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and startup ecosystem. Andreessen, a self-described lifelong Democrat, explained his reasoning on the latest episode of “The Ben & Marc Show” […]

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Fundraising in US via Token Sales Is an ‘Own Goal’ That Should Be Avoided at All Costs: a16z Crypto Lawyer

April 26, 2024 The Daily Hodl

A16Z

A lawyer with the crypto investment arm of venture capital giant Andreessen Horowitz (a16z) says web3 projects should not publicly sell tokens in the US to raise funds. In a new blog post, a16 Crypto general counsel Miles Jennings says that the U.S. Securities and Exchange Commission (SEC) has made it clear that Initial Coin […]

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