a16z partner responds to the significant shrinkage of crypto funds: we are in it for the long haul, and the activities of entrepreneurs and developers are more important than prices

ChainCatcher news, according to EWN, in response to The Wall Street Journal's disclosure that a16z's crypto fund has lost about 40% of its value in the first half of this year, a16z partner and head of the crypto fund Chris Dixon stated that although a16z is experiencing losses, it remains optimistic about cryptocurrency and is in it for the long haul, as the mass adoption of blockchain services has not yet arrived.

Chris Dixon said, "I'm not looking at the price; I'm focused on the activity of entrepreneurs and developers, which is the core metric." In August of this year, Chris Dixon mentioned in an interview with the Financial Times that he prefers to view the market downturn as an investment opportunity, as the economic downturn "makes Web3 investments more attractive." (EWN)