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Market News October 21, 2022

a16z’s first Web3 fund has been partially cashed, with a yield of up to 300%

a16z’s first crypto fund of $300 million cashed some of its gains in last year’s crypto bull market and has now returned 3 times the original size of the fund to LPs.

The rest of the fund remains outstanding. But according to people familiar with the matter, the fund could theoretically return as much as 10 times (though if the current crypto bear market continues to slump, that could shrink the gains).

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