how much money does A16Z's crypto funds have under management

Answer
A16z's largest crypto fund, established in May, is valued at $4.5 billion, with a total of over $7.6 billion raised across all funds. Additionally, a16z has $35 billion in assets under management across multiple funds. The firm is expected to raise $3.4 billion for its next early and seed-stage venture funds, with a focus on tech, AI, social media platforms, and crypto investments. A16z has been actively investing in the crypto space, with recent investments including smlXL and NFT-focused startup IYK. The firm plans to continue tailoring its multibillion-dollar crypto funds to market opportunities, indicating a strong commitment to the crypto industry.
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