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As crypto cools, a16zcrypto raises a $2.2B fund

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In a blog post that lays out a vision for crypto’s future, ranging from a “new financial system” to warnings about “opaque” AI, a16zcrypto announced a new $2.2 billion fund. This is the VC firm’s fifth fund and brings the total raised to date to $9.8 billion, it says.

In addition, the fund also promoted its CTO, Eddy Lazzarin, to General Partner, bringing the GP investing team to four people. Lazzarin joins Chris Dixon, Ali Yahya, and Guy Wuollet. The fund has backed standout companies like Coinbase, Kalshi, and Solana Foundation.

The timing of this news is a bit ironic, with crypto trading in such a slow period that Coinbase announced on the same day it was laying off 14% of its workforce. March was the slowest trading-volume month across crypto exchanges since November 2023, crypto data and news site CoinGecko reported.

VC investing in crypto startups has cooled, too, landing at nearly $5 billion in the first quarter of 2026, compared to closer to $6 billion in the year-ago quarter, reports DLNews, citing stats from crypto data site DefiLlama.

The a16zcrypto partners acknowledge this. They describe how crypto highs draw in investment and a fervor of startups, but that “we’re at one of those quieter moments now,” they write. However, they insist that much of what gets built during a downtime “is usually more useful than it looked at the peak, and more durable than it looked at the trough.”

Hot market or not, there is VC money out there for blockchain-related startups that can woo VCs. The part founders will have to overcome is that some of the biggest crypto VCs are now being seduced by AI startups. This is an area swimming in rising valuations.

For instance, Paradigm, one of the biggest and most prestigious crypto funds, is reportedly working on raising a fresh $1.5 billion fund to expand its thesis into robotics and AI, The Wall Street Journal reported in February. Plus, Y Combinator, which has cranked out many crypto and blockchain-related startups over the years, didn’t ask for any in its most recent “Requests for Startups” list.

Earlier this week, former Andreessen Horowitz investor Katie Haun announced that her crypto-focused firm, Haun, has also raised a new $1 billion fund and will continue to invest in this market. But she’s also looking for AI agent tech as it intersects with crypto/blockchain and fintech.

The latest a16zcrypto fund will not be lured away by hotter markets, a spokesperson tells TechCrunch, promising that it will be “dedicated 100% to crypto entrepreneurs.”

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Jos Gunners Set for Mega Celebration as Arsenal Victory Parade, UCL Watch Party Hit the City

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Jos is set to come alive in Arsenal colours as fans across Plateau State prepare for the much-anticipated Jos Arsenal Victory Parade, UEFA Champions League Watch Party, and Arsenal Awards Night in what promises to be one of the biggest fan gatherings in the city.

The event, described as the ultimate Gooners’ link-up, will bring together Arsenal supporters from across the state for an evening packed with celebration, entertainment, and football passion — with free entry for everyone.

Activities kick off on Saturday, May 30, with the Victory Parade scheduled to begin at 3:00 PM sharp from Terminus, by Zenith Bank, as fans are expected to flood the streets in Arsenal jerseys to celebrate in style.

The celebration will then move to Tamarald Event Centre (Outdoor), off Old Airport Junction, from 4:00 PM, where guests will enjoy an exciting lineup of activities.

Organisers have promised premium entertainment featuring free party jollof for the first 50 attendees, sizzling barbecue, music performances, comedy, dance showcases, special Arsenal awards presentations, and the official launch of a brand-new Arsenal-themed song.

Supporters are simply encouraged to show up in their Arsenal jerseys and be part of the unforgettable experience.

The event is supported by Areo Global Services, Malangwa Media Empire, Nugroove Multimedia, Grace Dimensions Ministries, Dabels Cakes and Catering, Jos Metro Foods, Da Zone Concepts, Joe B Entertainment, Royal K.O.C, and the Gunners Rhythm Gang.

For enquiries, support, and table reservations, interested participants can contact:

07031001105

08126007839

For Jos Gooners, this is more than an event — it is a celebration of football, community, and Arsenal pride.

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Eric Chelle Plots Another ‘Surprise Package’ For 2026 Unity Cup Final

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Super Eagles’ coach, Eric Sekou Chelle has hinted that he will unleash another ‘surprise package’ on his team’s next opponent at this year’s ongoing Unity Cup in London, Sports247 reports.

Speaking against the backdrop of Tuesday’s 2-0 victory over Zimbabwe in the competition’s opening match at Charlton Athletic FC’s home ground, The Valley, Chelle said he was impressed with what his array of rookies were able to achieve against The Warriors.

Read Also: Templar-Adrenale Officially Appoints Jide-Ojo Jide Olusola to Lead Strategic Sports Partnerships Across Africa | Sports247 Nigeria

While not singling out any of the lads for particular mention, the Franco-Malian tactician admitted he was surprised by the team’s performance, considering that most of the lads were playing together for the first time.

The former coach of Mali’s national team and MC Oran football club of Algeria further hinted that many of those who featured in Tuesday’s game justified their inclusion in the list of invitees and showed that they can even be counted on to feature in the main Nigerian squad.

With his eyes now fully set on Saturday’s final at the same venue, Chelle inferred that he may not roll out the same starting 11, considering that some of Nigeria’s Grade-A players are also in camp and were rested for the opening game in order to give the rookies their own opportunities to shine.

However, Chelle noted further that there’s a strong likelihood of the next clash being against perennial Unity Cup rivals, Jamaica, who dragged the Eagles into penalties’ shootout before Nigeria could win last year’s final at Brentford’s BTech Stadium also in London.

With that in mind, the gaffer is already thinking of tinkering his squad list for the final but, while keeping hid plans close to his chest, Chelle stressed that the enthusiasm of all the lads in camp has made it possible for him to roll out tactical surprises at will.

Chelle said, “I was truly surprised by the performance of the players against Zimbabwe. I was surprised, because they played as if they had been together for six months or one year.

“In reality, it was the first time, but they showed that we can always make surprises happen in the Unity Cup. We are now looking at the next opponent in the final.”

Sports247 gathered that there is a strong possibility that Wilfred Oyinyen Ndidi will captain the squad on Saturday, while Moses Simon and Jerome Akor Adams line out alongside new rave of the moment, Femi Azeez, in attack.

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