Andreessen Horowitz (a16z), a leading venture capital firm, is raising a new $3.4 billion fund with a focus on crypto investment. This would be the firm's largest crypto fund to date and a sign of its continued bullishness on the cryptocurrency industry. a16z has been one of the most active venture capital investors in the crypto space, having invested in over 200 crypto startups, including some of the biggest names in the industry, such as Coinbase, OpenSea, and Solana. The new fund is expected to focus on a wide range of crypto investments, including early-stage startups, infrastructure projects, and DeFi protocols. a16z is also reportedly interested in investing in Web3 startups, which are building the next generation of the internet on blockchain technology.