Venture Capital giant Andreessen Horowitz is hoping to raise an asset of as much as $1 billion to put resources into digital forms of money and crypto new businesses.
The new asset intends to raise between $800 million and $1 billion from financial backers, the report said, referring to individuals familiar with the matter.
Andreessen Horowitz didn’t respond to enquiries.
The information on the development comes as digital forms of money surge in value this year, with a grip of top-level firms including Tesla Inc plunging into the space.
