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Search results for Andreessen Horowitz

Crypto

Wall Street adopts blockchain to remove collaboration bottlenecks, not decentralisation - a16z Crypto

Guy, a general partner at a16z Crypto, said Wall Street and governments are increasingly embracing the term “digital assets” as a signal of digital transformation akin to companies moving to cloud services. He wrote that the financial industry may look digitised but still runs on fragmented systems and an outdated structure reliant on manual reconciliation and paper-based processes. He said large financial institutions adopt blockchain to ease trust and collaboration bottlenecks rather than pursue crypto ideology.

AI & Enterprise

Syndicate Labs, an Ethereum rollup startup, to shut down after 5 years

Syndicate Labs, an Ethereum rollup infrastructure startup, will shut down after five years, Cointelegraph reported on May 21. The company said the rollup market had fundamentally changed, with more rollups quietly closing as new ones emerge. Syndicate Labs developed custom Ethereum appchains and smart sequencers and raised $20 million in a Series A led by Andreessen Horowitz in 2021. Data showed Layer 2 rollup TVL has fallen after peaking above $50 billion.