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GameFi firm Azra Games raises $15 million in seed funding led by a16z

Azra Games, a blockchain gaming startup, raised $15 million in seed funding, according to a Thursday announcement. The venture capital firm Andreessen Horowitz (a16z) led the round, with additional participation from NFX, Coinbase Ventures, Play Ventures and Franklin Templeton.  Azra Games will use the funds to build out its first game Project Arcanas, a sci-fi fantasy epic with mass combat and role-playing game (RPG) elements. The game will feature web3 technology like virtual collectibles.  The firm was founded by Mark …

Crypto VC heavyweight a16z unveils principles for crypto regulation

Crypto-focused venture capital firm Andreessen Horowitz has put out its vision for the future of crypto regulation. It’s the latest in a flurry of such proposals from industry players. Also known as a16z, Andreessen Horowitz today released its “10 Principles for World leaders Shaping the Future of Web3,” a brief document that aims to ground ongoing international policy debates around crypto. The principles themselves are not especially bombastic. They emphasize the need “to harmonize standards and regulatory frameworks” among nations …

A16z invests $36 million in a startup created by four ex-Meta engineers

Investment firm Andreessen Horowitz (a16z) announced Monday that it invested in Mysten Labs, a blockchain and Web3 development company co-founded by four ex-Meta employees. CNBC first reported the investment figure to be $36 million.  The CEO of Mysten Labs is Evan Cheng, former director of research and development (R&D) at Novi — a digital wallet project formed out of the tech company Meta (previously known as Facebook). Joining Cheng at Mysten Labs is Sam Blackshear, former Novi engineer, as CTO; Adeniyi …