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Crypto

The full thread of our a16z coverage — a running record of every development we've tracked, with the VC take on each.

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Jul 4, 2026
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Coverage Timeline

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  1. FUNDINGGrowth Capital's New Pecking Order: Power, Chips, Everything Else→
  2. FUNDINGCrypto VCs Are Quietly Out-Raising AI VCs on Fund Size→

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FUNDING$3B+ infra rounds vs. flat Series A medians

Growth Capital's New Pecking Order: Power, Chips, Everything Else

This year's largest checks -- Crusoe, National Grid-Joulent, a16z crypto -- keep going to physical infrastructure and scarce capacity, leaving application-layer software further down the pecking order.

Jul 6, 2026
FUNDING$3.2B combined new fund capital

Crypto VCs Are Quietly Out-Raising AI VCs on Fund Size

a16z crypto's $2.2B fifth fund and Haun Ventures' $1B second fund show crypto-focused venture firms raising fund sizes that rival or exceed many AI-focused funds, even as broader blockchain market sentiment stays subdued.

Jul 4, 2026