Marc Andreessen could be stepping down from Meta’s board of directors due to a16z’s Web3 and crypto investments coming into conflict with Meta’s own ventures in the space.
) art projects. The $450 million investment round in Yuga Labs marks one of the largest NFT project seed rounds ever.in the crypto space include decentralized exchange Uniswap, centralized exchange Coinbase, NFT marketplace OpenSea, DeFi protocol Maker, and decentralized lending platform Compound.
A16z raised $2.2 billion for its third crypto fund in the middle of last year and intends to raise $4.5 billion for its next fund in the coming months, making it the largest such venture to date.“If he were to step down, he doesn’t know about it. So no, it’s not happening. At least not now.” Andreessen has been on the former Facebook board since 2008, longer than any other current non-Meta team member. Early Facebook investor Peter Thiel will step down in May for a number of reasons including his crypto investments in Block.one and