#stackrings

[truthblockchain]

VC’s Bet On Blockchain Infrastructure

This week, venture fund a16z joined two crypto funding rounds. This follows recent reports from Axios indicating a delay in Andreessen’s upcoming crypto investment initiatives to 2025.

Both rounds centered on blockchain infrastructure ventures.

A16z led a $4.2 million seed round for Pimlico, an infrastructure product working to let wallet developers abstract away parts of the payment process. In a blog post announcing the raise, a16z general partner Sriram Krishnan said Pimlico CEO Kristof Gazso participated in the venture firm’s crypto startup school in Los Angeles.

“By the end of Crypto Startup School, we were convinced that no one was better equipped to build the supporting infrastructure for account abstraction than Kristof,” Krishnan wrote.

The use of Pimlico’s form of account abstraction has increased for four straight months, according to data from 1confirmation general partner Richard Chen.

A16z also participated in a $5.5 million seed round for the developer tool Stackr.

https://blockworks.co/news/a16z-blockchain-infrastructure-ai

[leviticusjewelry]

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[femmesbijoux]

[milinquartz]

Topaz earring

[sbobin]

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[priandmi]

Stackable Ring

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[evilpawnjewelry]

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[femmesbijoux]

[v2crystals]

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[sbobin]

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