The crypto giant has these 10 altcoins on its radar! a16z’s investments

Andreessen Horowitz (a16z), known for its investments in innovative projects in the crypto world, has recently attracted attention with the financing support it has provided to projects in different fields. These projects cover a wide range from social protocols to game studios, from solutions that increase the scalability of the Ethereum network to authentication platforms.

Projects that grow and develop with the support of this large investment company shape the future of the crypto ecosystem by increasing the potential of blockchain technology. Here are some of the promising projects that a16z has invested in:

LayerZero

LayerZero is a protocol that provides cross-blockchain messaging and data transfer. The blockchain project, which received a $120 million investment from a16z in the Series B investment type on April 4, 2023, received support from Christie’s, Sequoia Capital, Samsung Next, Bond, Circle Ventures and OpenSea Ventures.

LayerZero increases interoperability by facilitating data transfer between different blockchain networks.

Optimism (OP)

Optimism is a Layer 2 (L2) solution that increases the scalability of the Ethereum network. It aims to provide a better experience to Ethereum users by offering low-cost and fast processing. a16z invested $90 million in Optimism in a private token sale held on April 30, 2024.

This project increases the speed of processes on Ethereum, allowing the network to operate more efficiently.

Gensyn

Gensyn is developing a protocol that combines artificial intelligence computing power with blockchain technology. The biggest supporter of the project, which received an investment of 43 million dollars in the Series A investment type, which took place on June 12, 2023, is a16z.

Gensyn enables artificial intelligence processes to be carried out more efficiently and safely.

CCP Games

CCP Games is a game studio that develops games with web3 technologies. The company, which received an investment of 40 million dollars in the Seed investment type, which took place on March 21, 2023, is supported by a16z.

CCP Games transforms gaming experiences with blockchain technology and offers players more innovative games.

Mythical Games

Mythical Games is developing a game engine where players can own and trade their in-game assets. The project, which received an investment of $37 million in the Series C + investment type on June 27, 2023, also received support from Scytale Digital, Ark Invest and Animoca Brands.

This project supports the development of in-game economies, allowing players to make profits.

Proof of Play

Proof of Play is a game studio that develops on-chain games and allows users to fully own their in-game assets. The project, which raised $33 million from a16z in the Seed investment type held on September 21, 2023, received investments from Greenoaks Capital, Naval Ravikant, Balaji Srinivasan, Justin Kan, Justin Waldron, Immad Akhund, Nikil Viswanathan and Gabby Dizon.

Proof of Play gives players greater control by securing ownership of in-game assets with blockchain.

Dynamic Labs

Dynamic Labs is developing a platform that allows users to securely and actively verify their identities in web3 applications. The initiative, which raised $13.5 million in the Series A investment type on December 13, 2023, received investments from a16z, Founders Fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan and Joe Lau.

Dynamic Labs contributes to the web3 ecosystem by making authentication processes more secure.

Neynar

Neynar aims to strengthen the infrastructure of social networks by creating an advanced technology for social protocols. Neynar, who received an investment of 11 million dollars from a16z in the Series A investment type, which took place on May 30, 2024, also received support from investors such as Haun Ventures, USV and Coinbase Ventures.

This project aims to make social media platforms more secure and user-friendly.

Setter (SET)

Setter aims to enable users to shop more securely and decentralized by offering a trading platform powered by Web3 technologies. Setter, which received a $5 million investment from a16z in the Seed investment type, which took place on November 28, 2023, also received support from Marcy Ventures Partners, Superlayer, Thirty Five Ventures and Serena Williams.

This platform improves user experience by increasing the security of e-commerce processes.

Pimlico

Pimlico is developing an infrastructure layer that enables Ethereum migration to ERC-4337 smart accounts. Pimlico, which received an investment of $4.2 million in the Seed investment type on November 7, 2023, is supported by a16z.

This project aims to make Ethereum accounts smarter and more user-friendly.