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"We are pleased to reveal that we have raised a $150 million USD funding round led by the world’s largest crypto exchange Binance, with participation from Animo
by clpm4j 5y ago
"We are pleased to reveal that we have raised a $150 million USD funding round led by the world’s largest crypto exchange Binance, with participation from Animoca Brands, a16z, Dialectic, Paradigm and Accel. The round will be used to reimburse user funds affected by the Ronin Validator Hack."
This immediately paints an image of a massive bonfire of cash in my brain.
- michaelgrosner2 5y agoMaybe this is off topic to your comment but every time I see a16z mentioned anywhere near crypto I have to laugh because I remember how big of a deal the "It's Time To Build" essay was only 2 years ago. Instead of building anything of actual use, they pour money into Ponzi schemes.
- SkyMarshal 5y agoKeep in mind A16Z Crypto is not the same fund as A16Z.
- qeternity 5y agoNot sure what you mean by this, they are most definitely A16Z... It's also not as if there is one A16Z fund...they have many many funds.
- kingcharles 5y agoIt's Dumpster fires all the way down!