a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAO
American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR). Signaling their support of MakerDAO’s Dai stablecoin, investment fund a16z crypto has purchased 6% of the total MKR token supply for $15 million USD. The purchase gives a16z crypto a stake in the first functional decentralized stablecoin and the only system built with formally […]
