Top venture capital firm Andreessen Horowitz announced on Monday it plans to invest $30 million in multiple startups.
Chen helps oversee the firm's Game Fund One, a $600 million fund launched nearly two years ago. Although Games Fund One invests in various gaming-adjacent technologies, including artificial intelligence, virtual reality, augmented reality and more, it also funds web3 startups. In a LinkedIn post from last year, Chen said the fund was "very focused on studios, web3, and infrastructure" during its first year and planned to focus more on artificial intelligence during its second year.
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