For the business owner, locked-in effects come with a temptation to exploit locked-in users to increase profits.

Createra is a user-generated content (UGC) metaverse engine enabling creators to create, distribute, and MetaFi games.Createra, a creator-oriented metaverse project, announced today $10 million in Series A funding led by Andreessen Horowitz (a16z) to continue its pursuit of building the largest Gen Z-focused metaverse platform.

Not Boring Capital is back for Fund III: a $30 million fund. $30 million Fund with a hard cap at $50 million.

Cryptocurrency projects obtained 42.5% less funding in 2022 compared to what they received in 2021. Still, last year’s capital was significantly higher than the figures in 2018, 2019, and 2020.

Chris Dixon, founder and general partner of a16z, is excited for where web3 gaming could go over the coming year.

The latest $4.5 billion fund, known as "Crypto Fund 4," launched in May and dedicated $1.5 billion to seed investments and $3 billion to venture investments. The firm is a titan in Silicon Valley, having raised a total of $7.6 billion for the sector after launching its first crypto fund four years ago. It has most recently backed crypto startups which include Aztec, Mysten Labs and Yuga Labs.

a16z just released an omnibus list of “big ideas” tech builders may tackle in the year ahead, according to various a16z domain partners spotlighting a big idea that startups in their fields may tackle in 2023.

The privacy-focused web3 firm Aztec Network raised $100 million in Series B funding led by the web3 investment firm a16z. 

In Q3, the sector that received the largest amount of VC dollars according to the ETI report was Web3 with nearly $900 million. That’s more than fintech, biotech, security, ecommerce, gaming, and dozens of other mainstream industries.

Brian Quintenz, a former commissioner with the U.S. Commodity Futures Trading Commission who left the agency last year, is amplifying his role at crypto venture capital firm Andreessen Horowitz (a16z) from advising to taking over as its head of policy, the company said on Tuesday.