Andreessen Horowitz drops crypto branding from its $9.8B investment arm

Andreessen Horowitz is dropping the word "crypto" from its dedicated cryptocurrency investment arm, rebranding it as a16z Frontier, as announced Thursday by longtime head Chris Dixon. The $9.8 billion fund will broaden its focus to artificial intelligence and other emerging technologies. Traders may read the rebrand as a signal that a major VC is diversifying away from crypto, though the capital commitment itself remains intact.