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a16z Invests $50M In NFT Project VeeFriends

In the cryptocurrency sector, companies from many different fields have the chance to earn a significant income with the financing rounds. According to the latest news, venture capital firm Andreessen Horowitz (a16z) has invested $50 million in Gary Vaynerchuk’s NFT project VeeFriends.

50 Million Dollars Investment From a16z To NFT Project VeeFriends

A16z crypto, the crypto-focused arm of venture firm Andreesen Horowitz, is spread heading a $50 million funding round for the VeeFriends NFT project.

This funding will help VeeFriends expand its creativity and technical and experiential operations to support the growth of the Web3 ecosystem.

A16z general partner Chris Lyons revealed the firm’s interest in VeeFriends in an announcement thread. VeeFriends is an NFT collection launched by Gary Vaynerchuck, a hugely popular social media entrepreneur and CEO of VaynerMedia.

Chris Lyons, the general partner of A16z, made the following statement on the subject:

“VeeFriends NFTs are brought to life via motivational storytelling and creative on-chain character development.”