Andreessen Horowitz supports density with the largest crypto investment yet

Dessity, Criptovaluta- Andreessen Horowitz (A16Z), the famous venture capital firm of Marc Andreessen and Ben Horowitz, has announced its most ambitious cryptocurrency investment to date in the form of a new blockfin project Dfinity. Presented as a company to reinvent cloud computing and challenge the current market leaders of Amazon Web Services and Saleforce, Dfinity seeks to implement an economic and decentralized alternative that uses cryptocurrency and blockchain. He refers to his ambitious new project as "world computer" and "Cloud 3.0", two statements that have taken the assault on the investment circuit.

At the start of the week, the company reported securing a $ 102 million loan round, with Andreessen Horowitz representing one of the most important investors, in addition to the $ 61 million raised in March. While blockchain-based projects are becoming a dozen people in the current technology fundraising landscape, Dfinity intends to stand out through a series of scalability innovations, as well as using the proven proven nature of cryptocurrency. Basing the project on a decentralized framework, Dfinity seeks to cut both costs and bureaucratic disruption by removing the singular entity in the heart of the information technology enterprise, a step on monolithic competitors such as Amazon Web Services.

Speaking in an interview with [19659005] and a blog post about the new project, Chris Dixon of Andreessen Horowitz has expanded the reason why their company has placed its biggest blockchain-based investment in Dfinity , in addition to praising the prowess of the founder Dominic Williams and the development team,

"The decentralized computing networks like DFINITY are able to bring us closer to a world where digital platforms can be built by reliable, autonomous and open software. source that is owned and governed by communities of users and developers, rather than companies. "

Dixon is waiting for a realistic view of a Dfinity adoption calendar, as well as how the company can grow via a stone cockroach app to the market. Rather than immediately following major customers for both Microsoft and Amazon, Dixon emphasizes that Dfinity can first find traction in the academic and startup world, while developing improved and cost-effective utility features that will appeal to large companies.

While Dfinity has avoided referring to its project as an initial supply of coins or in any way issuing coins that come at the cost of regulatory obstacles along the way, the company was proactive by establishing an airdrop last May that saw the distribution $ 35 million token for early investors. The company is observing Ethereum as a potential adversary in the cryptocurrency space, with the intention of challenging the second currency by market capitalization as a leader in the establishment of smart contracts.

Dixon, still speaking with Fortune, tried to minimize the competition between Dfinity and Ethereum, stating that the two coins will offer free services. However, he found time to comment that Dfinity is a currency more suited to large projects and overcomes the scale barrier currently faced by most criptos, while still praising Ethereum for its high energy and enthusiasm. for the development.

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