Inside the Billion-Dollar Gamble No One Dares Admit

Andreessen Horowitz, the venture capital leviathan, marches forward with its blockchain arm, A16z Crypto, dragging yet another fundraising coffin behind it. Fortune’s whispers claim the firm is conjuring its fifth dedicated crypto fund, aiming for a $2 billion specter, guided by the ever-cheerful Chris Dixon-whose optimism could fuel a rocket to the moon, or at least a lukewarm coffee in Palo Alto.