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[a16z crypto plans to raise approximately $2 billion for its fifth crypto fund]
According to Fortune, Andreessen Horowitz's crypto investment arm, a16z crypto, is raising its fifth crypto fund with a target size of about $2 billion, aiming to complete fundraising by the first half of 2026. The fund size is smaller than the $4.5 billion fund established in 2022, but it will still focus on blockchain investments. This fundraising comes at a time when the overall crypto market is weakening, and some venture capital firms are adjusting their strategies, with some beginning to expand their investment scope to areas like AI.